Marcus Take Thursday – CPI a non-event
CPI a Non-Event. What now with the Ideas Portfolio? Why Australian interest rates have peaked. Some Shocking Predictions from Livewire.
Members Podcast Thursday – CPI a dead duck. Jobs strong. Yawn.
The market didn’t exactly get a shot in the arm from the CPI number but there’s no damage and it may take a couple of days for those big US fund managers to absorb and get going.
End of Day Report Thursday
The ASX 200 surprised today, up 33 points to 7187 (+0.5%). The SPI Futures this morning were down 5 points after a CPI non-event in the US overnight. We rebounded from the early dip to end near best levels.Jobs data was the main story today, normally ignored by the market. Unemployment remained steady at 3.7%, but 64k jobs…
END OF DAY Podcast – Thursday – Not a bad day in the end
The ASX 200 surprised today, up 33 points to 7187 (+0.5%). The SPI Futures this morning were down 5 points after a CPI non-event in the US overnight. We rebounded from the early dip to end near best levels.Jobs data was the main story today, normally ignored by the market. Unemployment remained steady at 3.7%, but 64k jobs were created in August, significantly higher than forecasts of 23k. Most sectors finished higher. Miners and Financials did the heavy lifting. I
Pre-Market Report Wednesday
Tech stocks dragged Wall Street lower overnight, and oil prices rose, deepening worries about persistent price pressures ahead of the US CPI reading tonight. The Dow Jones fell 18 points (-0.05%). Up 189 points at best. Down 103 points at worst. The Nasdaq fell 1.04%, weighed down by Oracle -13.5% after the company provided a…
Pre-market Podcast Wednesday
Wall St on hold ahead of the CPI numbers tonight. Tech down as Oracle falls 13.5% and Apple 1.7%. Oil up. Iron ore up. Lithium down.
Members Podcast Wednesday – waiting for Godot
Our market down almost 50 points ahead of the CPI number tonight. The tone and trend is wilting on us.
End of Day Report Wednesday
The ASX 200 fell 53 points to 7154 (-0.7%), snapping a two-day advance following the US markets lower. All eyes are on US CPI tonight. Stronger oil prices have raised concerns for a higher headline inflation reading. Almost all sectors went lower today. Utility and Energy stocks were the only sectors to rise supported by higher oil…
END OF DAY Podcast – By Marcus
The market dropped all day down 66 at worst and closing down 53 in a nervous session ahead of the CPI number in the US tonight. If the market drops when it has nothing to do its not a good sign.