Waiting for Godot – the CPI number tonight. A new AI ETF lands in Australia. Iron ore up again. Macquarie and the US investment bank results. Buying a trade in an oversold energy stock. Education Corner – Investors versus Traders.
Wall Street ended mostly higher overnight, erasing losses in the final minutes of trade, a day ahead of inflation data. The Dow finished essentially unchanged, down 9 points (-0.02%). Up 100 points at best, down 321 points at worst. S&P 500 gained 0.14%, regaining its 5,200 mark after briefly dipping below it, while the NASDAQ…
ASX 200 kicks another 35 points to 7824 as buyers continue in resource stocks. BHP finding friends on iron ore recovery, up 2.0%, and RIO doing well up 3.0%. Lithium stocks also recovering nicely following a 5% rise in Tesla. MIN up 1.0%, and PLS rallying 1.6%. Gold miners mixed despite bullion kicking higher again, NEM easing…
Added two holdings under takeovers.
Macro factors at work in the US. CPI and PPI.
US yields hit 2024 high.
Zinc stocks. One to watch.
Bond yields are rising and the markets with them in a new “No landing no inflation” assumption. The inflation numbers this week will soon sort that out.
US equities kicked off the week essentially unchanged following a choppy day of trade, with the solar eclipse offering a distraction leading into a busy week including CPI and the start of first-quarter earnings. All three major indices ended near flat, the Dow closed down 11 points (-0.03%). Up 109 points at best, down 46…
SUMMARY Gold takes a breather, watching for the top in NST and BGL. No sign of it yet. With the market sell off not following through (yet) the decision to exit JMS and SQ2 looking a bit hasty. Not much damage in SNAS yesterday. Holding. Adding SFR for some copper exposure. Is far from the…
Market kicks again led by resources after an iron ore price bounce yesterday – lots of signposts this week – US CPI, US PPI, FOMC Minutes, US Results and an ECB Meeting
