Members Podcast Thursday – Risk off again
Our market down 87 and the jobs numbers not helping showing a tight labour market. Bond yields, poor US Results and Middle East tension doing us in.
Northern Star Q3 Activities and Guidance Update
A quick update from Northern Star – NST is up 3.5% today after posting well received Q3 activities report this morning. We hold in the Idea’s portfolio and is performing well (the gold price rose overnight again on more Middle East conflict concerns).
End of Day Report – Broad Market Sell Off
ASX 200 dropped 96 points to 6982 (1.4%) as a broad sell-off hit the market as bond yields and Middle East conflict weighed on risk-takers. Big Banks down in the dumps, with CBA off 1.6% and the Big Bank Basket falling to $175.68 (-1.4%). MQG fell hard on US investment bank sell-off, down 2.7%. Insurers…
End of Day Podcast
ASX 200 dropped 96 points to 6982 (1.4%) as a broad sell-off hit the market as bond yields and Middle East conflict weighed on risk-takers. Big Banks down in the dumps, with CBA off 1.6% and the Big Bank Basket falling to $175.68 (-1.4%).
Henry’s Take – Is Risk Mispriced?
SMALL CAP PORTFOLIO 3.06pm Update – Ausbiz The Call from Lunchtime. 3.00pm Updates I am going to add a 4% weighting in LPI given it is trading at 53c and is a HK candidate. 57c cash at some stage. Speculative Stock of the Day: LPI +28% on takeover bid from Codelco at 57c. Harry Kane…
Pre-Market Podcast
Wall Street’s major indexes finished mixed overnight, losing earlier gains to end near flatline amid rising bond yields and renewed fears of higher for longer after higher-than-expected retail sales data. The Dow closed marginally in the green, up 13 points (+0.04%), up 163 points at best and down 130 points at worst. The S&P 500 ended slightly lower, down 0.01%, while the NASDAQ lost 0.25%, weighed down by heavy losses in chip companies after President Biden said it planned to halt shipments of advanced AI chips to China, Nvidia down 4.7%.
Technical Signals Wednesday – ASX 200 fails to break downtrend
ASX 200 – Recent rally has failed to break the downtrend. Qantas (QAN) – In a sentiment hole and still going down. One day it’ll bounce. FMG – Three brokers with sell recommendations yesterday but the share price still goes up. HUB – FUM numbers see it hit all-time highs. Healthcare sector – Oversold and no end in sight as GLP-1 wreaks havoc on CSL and RMD.
Marcus Take Wednesday – Bond yields killing the enthusiasm
SUMMARY Bond yields higher and higher. Recent ASX 200 index rally failing to break the downtrend. Can’t buy into this lack of trend. BHP production numbers. Telstra AGM – now de-risked for a few months. TPG Telecom bid talk – we look at that. QUICKIES Bond yields roofing it here and in the US overnight.…
TPG – Fibre Sale
TPG popped 5.6% yesterday on news Vocus Group had commenced debt talks for the acquisition of TPG’s Fibre assets. Macquarie and Aware Super (the owners), are looking to finance ~$6bn in debt for their non-binding indicative bid announced at the start of August.
Members Podcast Wednesday – Can’t fight the Bond market
Our market losing ground slowly today as bond yields spike – Seeing PermaBears out and about highlighting the US debt and deficit