Futures down but everything else up. Three options for looking after your own Super. Jobs numbers dent rate cut hopes. Coming up next week – CPI numbers, Easter and CBA pays its dividend. A look at Webjet (WEB – we hold) pops on Strategy Day. Stock market flying and we don’t hold Macquarie (MQG).
Four big things happened last night.
The Art of Arbitrage. Buffett has made a fortune from it.
Fat and Happy at Easter.
ASX finished the week down 11 points at 7771 (0.2%).
The index rose 1.3% for the week.
USD strength weighs in Resources.
Quiet day as we roll into Easter next week – Fat and Happy – will the market ever crack?
Webjet (WEB) held its Strategy Day investor presentation yesterday. Well received by the market, the share price spiked 9.2% after rising 14% already this month in the buildup. The key takeaway behind the spike was the company’s $10bn “organic” transaction value plan (TTV) by FY30. Highlights: WebBeds bookings up 32% on last year. TTV up…
Wall Street closed higher, with all three major indices registering record closing highs for the second day in a row. The Dow traded higher all day, finishing up 269 points (+0.68%), supported by gains in the rate-sensitive banking sector, with Goldman Sachs up 4.3%, BofA, Citigroup, and Morgan Stanley all advancing over 2%. The Reddit…
Market flying along today after the Fed Meeting last night – Jobs numbers have come in higher than expected
SUMMARY Bond yields down, tech up, gold up, bitcoin up, lithium stocks higher. Risk goes back on. Time for some trades. Adding SQ2 for some tech and bitcoin exposure (they own ~$340m worth). Adding BGL and NST for gold exposure. BGL more risk but more potential. Adding MIN to play the lithium bounce (plus iron…
The ASX200 has finished the day strongly, up 86 points (1.1%) to 7782. Closing near the high, the 11:30 jobs number caused nothing but a brief dip. Financials performed best with the big four banks jumping higher. CBA up 2%, NAB up 2.6%, WBC up 1.9% and ANZ up 1.1%. This was followed by Real…
Its all on this morning. The Fed Meeting didn’t change anything for the worse – dovish, three cuts coming – as desired (see below). US markets have discounted the three, not four cuts message already. Bond yields dropped 1.6bp and 8.1bp (10Y and 2Y). SPI Futures up 47 after a 7 point drop in the ASX 200 yesterday. Dow Jones up 400.
