SPI Futures down 50. Dow Jones down 475 (-1.24%). NASDAQ down 1.62%. Bond yields relaxed a touch after that CPI number this week. AMD and Intel fell 4.2% and 5.2% on a Wall St Journal report that Chinese Telecom companies have been told to phase out the use of foreign chips by 2027. “China's Ministry…
THE WEEK THAT WAS A little wobble last night in the US. Twice in a week. Starting to become a habit perhaps? It seems that geopolitical events are starting to curb the enthusiasm of US investors. Hardly a surprise given the huge run equity markets have had. The first cabs off the US reporting season ranks…
Oliver away today. Portfolios and Technical Signals below. So you know – this section is where the Ideas Portfolio and the One Stock Portfolios will be every day. Just a bit late today! SNAS obviously not playing out. If the NASDAQ was going to tip over then that CPI number was the excuse. It's still…
We are flopping around at the top having survived the CPI number this week – if we didn’t sell-off on that, what will tip us over?
ASX 200 falls 26 points to 7788 (-0.3%). For the week, the index is up a mere 15 points. Quiet day, banks eased back slightly as yields push to 4.28%. The Big Bank Basket down to $205.36 (-0.4%). Insurers better, and GQG doing better up 0.4%. MQG slipped 0.1%. REITs under pressure, GMG down 0.1%…
Low volume overnight – PPI numbers relax inflation fears. Big Tech won’t lie down – solid rebound. FANG up 2%. Strategy Portfolio has no reason to sell anything else yet. Results season starts tonight in the US – usually a positive. BUY HOLD SELL – Whitehaven Coal (WHC). Education Corner – The Marcus Today Stock Market Dictionary – Truth & Lies.
Wall Street closed mostly higher overnight, rebounding from a sharp sell-off the day prior, driven by a rally in tech stocks after fresh economic data renewed hopes that inflation remains in a downward trend. The Dow finished flat, down 2 points (-0.01%). Up 137 points at best, down 264 points at worst. S&P 500 gained…
Macquarie Conference program announced.
ECB says it is not dependent on Fed, so why wait!
Stock of the Day – NXT with its Rights issue.
