Members Podcast Wednesday – Why they want you to trade Forex – Recent Growth Portfolio selling paying off
Market topping out on the charts but only slowly – unless it accelerates we’ll hang in there in the Strategy Portfolio
Henry’s Take – Being Data Dependent has its Downside
Added some small exposure yesterday in GEAR.
The Inconvenient Truth. Powell speaks.
Are higher rates actually stimulating the US economy?
Podcast with Hedge fund manager.
Marcus Take
SUMMARY Powell – no rate cuts for “as long as needed”. Love it when a plan comes together – recent selling paying off. SNAS trade – hoping we’ve caught the top. Geopolitical risk building. Good for gold and oil. RIO production numbers dip. BHP tomorrow. Education Corner – Why they want you to trade FOREX. MARKET BULLETS…
Trading Section
SUMMARY SNAS set to go in the green. Will raise its stop loss after the close (as it hits a new recent high). BPT slowly heading higher. Increasing stop loss slightly. Oil down overnight. KAR behaving better. NST opened lower but buyers came in to mitigate the damage. Same can’t be said for BGL. SFR…
Marcus Take
SUMMARY Markets down for a second day instead of bouncing as usual. Getting a bit ominous but not enough to scare us out of Strategy holdings yet. Bond yields up again, strong retail sales reinforce the “no rate cuts this year narrative”. Geopolitical tensions are short term but not helping. Well positioned for a small…
Henry’s Take – All Going to Plan – Risks Building
Markets moving as forecast. Fat and Happy then ……
A look at gold miners. PRU?
Fed speakers to the max this week. Kite Flying?
End of Day Report – Ocean of Red
ASX 200 falls hard by 140 points to 7613 (-1.8%) on Middle East tensions, US sell-off and Chinese data. Banks got sliced and diced, with CBA down 2.1% and the Big Bank Basket down to $199.47 (2.1%). MQG off 1.2%, and Insurers falling despite yields rising. REITs came under renewed pressure, with GMG down 2.0%…