No changes to trades today. Gold down slightly in the US but bond yields dropping will help. Lithium and Iron Ore's bounce short lived. No major damage to MIN yet. Edged out some more gain in LLC on Friday but monitoring closely. JMS looking good for now. Alert as it is a stock that could…
US markets closed mixed on Friday, either side of the flatline in quiet trade. S&P 500 down 0.14%, finishing the week up 2.3% (best for the year) and the NASDAQ up 0.16%. The Dow Jones lost 305 points or 0.77% thanks to an outsized move from Nike (-6.9% on negative earnings guidance). It is only…
The Arbitrage Portfolio – Two new deals announced this morning.
CZR follows the Iron Ore sentiment. Cash coming.
US Check-Ins
Macquarie’s New FOMO Sentiment meter.
ASX kicked another 41 points higher to a near record close of 7812 (0.5%). Banks were solid again, CBA up 1.1% and ANZ slightly higher. The Big Bank Basket trading at $208.94 (0.6%). MQG slid 0.8% despite stories of a bid for part of Heathrow Airport. Insurers flat. REITs rallied with GMG leading the way…
All of this weeks members podcasts in one place.
THE WEEK THAT WAS Big week for central banks. Turkey raised its rates by 5%. Taiwan raised its rates. The Swiss National Bank cut its rates, RBA talked vaguely of higher rates, yes higher, but only vaguely. It did nothing and won’t for a while (excellent article by Christopher Joye in the AFR), The Fed…
Not much to report overnight. Good week last week with a bit of a fade on Friday. Everything still feels toppy (lots of things overbought) but we are led by Big Tech in the US and it has not cracked yet, if it ever does (it will). "Normal is Great" at the moment. We think…
