Last update 10.10am RMD Commentary. No guidance given either. Markets not happy Jan. SUMMARY Houston we do have a problem! Fitch may be showing bad timing but it is an inconvenient truth. Why you should avoid CFDS. Fence sitting with no positions. In Marcus’s absence I have started writing the Strategy piece a little earlier.…
Latest Update 11.07am. Summary of AFR article on MIN and Albemarle. 2.30pm Updates AZS having a stunning day. See below for a nano cap on the same area as the Andover project picking up some steam today. LRS may hold above 40c today. WR1 and WA1 doing well. Been told to him a closer look…
Members Podcast Friday
MARKET AT MIDDAY The ASX 200 is up 3 points to 7315 (+0.1%) experiencing a hesitant start due to mixed performances across the market. Energy gained as Saudi Arabia extends production cuts. Woodside Energy +1.3%, Karoon Energy (KAR) +3.5%. The market has seen a sell off this week triggered by a US credit rating downgrade and a surge in US Treasury yields, impacting the ASX's performance.…
ASX 200 closed up 14 points to 7325 in a late surge. For the week the index dropped 1.1%. Banks held steady despite the ACCC knocking back the ANZ/SUN deal, The Big Bank Basket relatively unchanged at $177.25. MQG was slightly better up 0.8%, but REITs hit hard once again as 10-year yields continued to…
ASX 200 closed up 14 points to 7325 in a large surge. For the week the index dropped 1.1%.
SMALL CAP PORTFOLIO Last updated 15.00hrs 3.00pm Updates Not quite such a nasty day again. The Index trying to hold the 7300 line. US futures modestly higher. ***CXL going well. I will sell 1% (30% of the holding) at 452c into this rally. Will take the weighing down to 2%. Feed the turkeys whilst they…
Members Podcast Thursday
MARKET AT MIDDAY The ASX 200 is down 33 points to 7321 (-0.5%), getting hit for a second day, off the lows on trade numbers. More muted reaction to the drop on Wall Street due to Fitch's recent credit rating downgrade of the US and rising Treasury yields, which negatively affected sentiment. The tech sector leading the downturn…
ASX 200 closed down 43 points to 7312 (-0.6%), sliding for a second straight session, tracking losses on Wall Street overnight. Tech led the laggards today, XRO -2.7%, REA -0.8% SQ2 -1.9%. All-Tech index down 1.0%. Iron ore miners slipped, tracking the softening price in Asia. BHP down 1.2%, RIO off 1.7% and FMG down…
