Only 7019 Days Left To Live
According to the “Death Sheet” I only have 7,019 days left to live, 168,456 hours ands just 1003 weekends.
Marcus Take – Stubborn Bond Yields upsetting the plan
Markets in limbo as bond yields refuse to drop. Focus moves to the US CPI number next Wednesdsay.
Pre-Market Report Wednesday
Wall Street closed lower overnight, with all three major indices in the red pressured by rising bond yields and higher crude oil prices. Dow finished near worst levels, down 196 points (-0.56%). Dow at best up 34 points. Dow at worst down 202 points. The S&P 500 lost 0.42%, the Nasdaq edged lower, down 0.08%,…
Pre-market Podcast Wednesday
Wall Street closed lower overnight, with all three major indices in the red pressured by rising bond yields and higher crude oil prices. Dow finished near worst levels, down 196 points (-0.56%). Dow at best up 34 points. Dow at worst down 202 points. The S&P 500 lost 0.42%, the Nasdaq edged lower, down 0.08%, and US small caps Russell 2000 fell 2.1%.
End of Day Report Wednesday
ASX 200 fell 57 points to 7257 (-0.8%), falling for a second consecutive day with almost all sectors in the red. Energy outperformed again as oil prices continue to rise over worries about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. WDS up 1.3%, COE jumped…
Pre-Market Report Tuesday
US markets closed overnight for Labor Day holiday. European markets lower across the board, letting go of earlier gains as optimism around China’s property market stimulus ebbed. Europe’s STOXX 600 finished flat, down 0.04% after rising as much as 0.8% in early trade, touching a near four-week high. However, mining, travel, and consumer sectors with…
Pre-market Podcast Tuesday
Wall Street closed. All eyes on the RBA today – Philip Lowe’s last meeting. China vibe good for resources. Futures down 19 firs thing.
Marcus Take Tuesday – Chinese Property Relief
US Closed. Futures down 19. Europe quiet. The China vibe is improving. Country Garden up 47% in 6 days. Hoping the Resources rally kicks on. The RBA today – Philip Lowe’s last – another reason not to do anything.
Members Podcast Tuesday
The market taking a breath today dropping 35 points ahead of today’s RBA Meeting – Philip Lowe’s last.
End of Day Report Tuesday
The ASX 200 fell 5 points to 7314 (-0.1%), trading lower all day, lacking direction from overseas.