ASX 200 finished up 30 points to 7758 (+0.4%) despite the heavy weight of large-cap ex-dividends. Once again, banks leading the way with the Big Bank Basket up to $209.87 (+0.7%). MQG rose 0.8%, and CBA hit record highs up 0.8%. GQG rose 2.8% on FUM news, ASX up 0.8% despite being fined by ASIC.…
Wall Street closed higher overnight as economic indicators and statements from Federal Reserve Chair Jerome Powell bolstered expectations of a forthcoming rate cut. The Dow rose by 0.20%, the S&P 500 by 0.51%, the NASDAQ by 0.58%, and the Russell 2000 by 0.70%, though they ended slightly below their peak levels. Powell affirmed the Fed's…
Talking ZIP, ABB and two stocks to watch SXE and GNP
Plenty of chatter on Ai too and tech stocks locally.
SUMMARY Powell behaved. Bond yields liked it. Relax. The NASDAQ steadied. Tuesday's sell-off didn't develop then. Record highs on US, Australian and European equities, Gold and Bitcoin – Normal? The Anatomy of a Crash. Lessons from 1987. Yesterday's Australian GDP number – anaemic growth means rate cuts are coming. The ex-dividends keep coming. BHP and…
Powell is a nothing burger!
ZIP in focus. UBS upgrades.
Sold GMD yesterday. Added LTM. LPI gone.
The Lucky Shag it is for Perth Meeting.
SUMMARY Bull run not over yet. Markets head higher again. Cash in MQG for now. Iron Ore drifts lower. No change to BHP. BOE and LLC not coming to life yet. Few tech sell signals around. Short term only with the NASDAQ up overnight. MFG forming a nice uptrend after jumping 7.9% yesterday. CTT breaks…
Powell doesn’t disturb – Cracks appearing in Big Tech – BHP and RIO ex-dividend – thinking about an FMG One Stock Portfolio instead of BHP.
Following a member request and it printing a daily buy signal on Monday we are taking a look at Corporate Travel Management (CTD). The company reported two weeks ago and got whacked 20%. Earnings rose by 96%, profit rose by 162% and the dividend rose by 183% to 17c (unfranked). Solid numbers driven by client/market…
