ASX 200 finishes the week down 38 points to 6977 (-0.6%). Quiet trade ahead of the weekend. Broad-based losses across most sectors, except iron ore and gold. Banks eased back with yields pushing higher, CBA down 0.8%, and NAB suffering from some downgrades falling 1.7%. The Big Bank Basket slipped to $176.11 (-1.1%). MQG eased…
SMALL CAP PORTFOLIO 2.50pm Update NEU continuing to fire. May have missed it slightly in DYL as i was hoping to get set around 100-110c. Maybe next week. IVZ looking a little better. Lithium not so. looks like some punters taking profits off the table in IMU after a good week. No changes to the…
SUMMARY
Alert but not yet alarmed.
Powell turns hawkish.
Bonds fall as US Auction disappoints.
No need to change strategy just yet. A pause to reflect or a peak?
TECHNICAL SUMMARY
NASDAQ hovering at the top of its medium-term downtrend.
WDS oversold on a daily basis after oil’s sell-off.
Nickel hits at 52-week low.
Wall Street finished in negative territory overnight, snapping an eight-day winning streak after Treasury yields jumped. The Dow finished down 220 near worst levels (-0.65%).
Wall Street finished in negative territory overnight, snapping an eight-day winning streak after Treasury yields jumped as Fed Chair Powell stated that it is too early for the central bank to definitively announce the conclusion of its rate hike cycle, despite not presenting a case for further rate increase. The Dow finished 220 points lower,…
ASX 200 up another 20 points to 7015 (+0.3%), off highs but holding up. Banks continue to find buyers with NAB volatile post results, WBC Ex-Dividend with the Big Bank Basket up to $178.05 (+0.6%). MQG kicked 1.5% higher, with insurers doing well too, SUN up 0.7% with SOL up 1.5%. REITs mixed, SCP and…
