Members Podcast Tuesday

Podcast Section

RBA – Nobody knows is the answer to the question. Will they or won’t they? The lower-than-expected CPI number last week suggests a good chance that they will pause rates, but almost all the strategists are saying the same thing, inflation is too high, and even if they do pause now, they will have to raise rates if not three times more. If they do pause, I think it’ll be good for the market, whatever the strategists are saying. And hopefully, it will extend this consumer discretionary rally for us. We have three retailers in our IDEAS PORTFOLIO.

RBA Pauses

Box 1

The RBA has left rates unchanged. Looks like they have taken on board last week's lower than expected CPI number – theire hawkishness appears to have been significantly tempered. They say inflation is only "slightly" higher than expected and due to temporary factors. Goodness – a lot less hawkish than expected. Runs against the Fed…

End Of Day Report Tuesday

Reports Section

The ASX 200 rallied 33 points to 7279 (+0.5%), bouncing back from 7,232 lows following the RBA’s decision to hold rates at 4.1%. The Aussie dollar fell 0.2% to 66.58c, and the 2Y yield was virtually unchanged, up 1bps. Gold miners are happy, buoyed by stronger bullion prices. EVN up 1.8%, NST gained 1.6%, NCM…

Henry’s Take Monday

Box 2

SUMMARY  A look at one that Adam Dawes talked about on the latest podcast. UMG taps home for another Harry Kane winner. A11 – DFS a little disappointing last week. Presentation to come today. Usual US check-Ins. The Kennel Club in session.  3.00 pm Update Good push in LRS continues. AGY joining the fun following…

Last Financial Year

Editors Choice

The end of the Financial Year and the scores on the doors show the ASX 200 up 9.67%. Got to say, it's a bit flattering because the timing of the beginning of the financial year was just after a 13.8% market correction. If you had included last June 2022 in the calculation, then the ASX…

Midday Report Monday

Reports Section

MARKET AT MIDDAY The ASX 200 continues its rally into the new financial year up 21 points to 7225 (+0.3%) at midday ahead of the RBA interest rate decision tomorrow. The consensus is that Lowe will hold rates following softer-then-expected CPI numbers last week. To read Marcus' EOFY breakdown, CLICK HERE. Aussie bond yields moving higher, 10Y yield up10bps, 2Y yield up 10bps.…

End Of Day Report Monday

Reports Section

ASX 200 closed up 43 points to 7246 (+0.6%), supported by a rise in commodity prices, starting the new financial year off in the positive, extending gains from the previous session. At best ASX 200 up 51 points, at worst down 4 points. The Gold sector performed well today supported by the rise in bullion…