Strategy Take
Looking more and more like a bull market.
US CPI didn’t disturb.
Glass half full going into FOMC tonight.
EU and US markets on 52-week highs. Meanwhile in Aus..
Thought of rebuying LNAS in the I
Pre-Market Report
US equities closed mostly higher overnight, finishing near best levels after inflation data did little to alter views for the timing of a rate cut by the Fed next year. The Dow Jones advanced 173 points (+0.48%). Dow up 191 points at best. Dow down 32 points at worst. The S&P 500 hit a fresh…
End of Day Report Wednesday
ASX 200 rose another 23 points to 7258 (+0.3%) in another solid day. Once again, banks led us higher, with the Big Bank Basket up to $185.04 (+0.8%). WBC leading the charge. MQG had a good day up 1.5%, but insurers slid, with IAG down 3.2% and SUN off 1.0%. REITs were mixed, GMG bouncing…
End of Day Report Tuesday
ASX 200 pushed on to a three-month high on a low volume day. Up 36 points to 7235 (+0.5%). Banks up, with CBA up 0.4% and ANZ rallying 0.8%, with the Big Bank Basket up to $183.67 (+0.5%). MQG up 0.4%, with insurers slightly weaker, QBE down 0.2%. REITs firmed, GMG up 0.7% and VCX…
Strategy Take
US market behaves again ahead of CPI tonight.
Michele Bullock gives a speech in Sydney this morning.
Aussie dollar rally has stalled. FMG, RIO hit 52-week highs.
Lithium down in the US. Selling PLS from the Ideas Portfolio on the open.
No changes to Strategy, Growth or Income Portfolios.
Technical Scans
RIO and FMG hit 52-week highs.
Gold topping out. NST still in uptrend.
WES hits a 52-week high.
JBH hits a 52-week high.
Henry’s Take – Pause and Caution
SUMMARY
Caution: Central Banks in focus.
Is CGC a easy tap in?
The Sahm Rule for a US Recession.
Chemist Warehouse – Yes or No?