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.
US market up on the back of the Fed Meeting – SPI Futures up 47
US equities advanced overnight after the Fed reaffirmed that rates could be cut as many as three times this year. The Dow Jones rose 401 points (+1.03%), reaching all-time highs. Up 418 points at best, down 122 points at worst. S&P 500 also hit a fresh record high, up 0.89%, and the NASDAQ advanced 1.25%.…
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…
Solid day despite some firm jobs numbers
Market flying along today after the Fed Meeting last night – Jobs numbers have come in higher than expected
Stock updates.
Fed tilts a little. No real surprises.
Lithium looking better. Uranium too.
Copper stocks in focus.
Where do the ideas come from?
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…
Record highs in the US as they wait for the Fed tonight. RBA dovish – bond yields and Aussie dollar dip. Nvidia messaging – data centre spend growing at 25% pa. Why Banks are at their highs. Because they are big not great. Some brokers buying Resources after the fall. The Copper and Nickel trade. Where to park cash. Nothing for nothing. The best income idea at the moment.
