NASDAQ down 3 days on the trot. End of the Quarter rebalancing could do something odd. Iron ore down 4% – rally over. Lithium folding up again. Trump’s Media company listing – $10bn market cap – Revenue of $3.4m. Making a loss. 29Metals – tough lesson for traders. Australian Inflation numbers today. US inflation numbers on Friday night.
Washington H. Soul Pattinson (SOL) released results last Thursday, initially met with a neutral response before falling 2% on Monday then another 2% Tuesday. SOL is investment manager which specialises in taking large stakes in existing companies similar to the WES business model. This differs to listed fund managers (like MFG or NWL) which derive…
???? ASX 200 kicks another 39 points higher to 7820 (+0.5%), on better-than-expected CPI number. 3.4% slightly ahead of consensus. Good news and bad. Banks as usual the winners, with the Big Bank Basket up to $209.95 (+0.8%). Insurers jumped after the CPI showed price hikes still above and beyond inflation. QBE up 1.2% and SUN…
SUMMARY Bringing back the 3EMA charts today. Iron ore down, lithium stocks down. Keeping MIN for now, stop loss at $65.7. Glad we didn’t get sucked into buying anything else Iron Ore related. Not buying FMG in the One Stock Portfolio. MQG One Stock Portfolio in cash. No change. Gold up slightly, no change to…
Have we jumped the Shark?
Is it a Bird? Is it a Plane?
Are interest rates Table Mountain?
Have you noticed Ai in your life?
US equities ended in red overnight, giving up most of the morning's gains with a sharp selloff in the final hour of the trading session, sending the Dow and the S&P 500 down for their third consecutive session. The Dow fell 31 points (-0.08%). Up 126 points at best, down 36 points at worst, the…
Not much to report today – waiting for the CPI numbers on Wednesday in Australia and Thursday night in the US.
