SUMMARY Selling GEAR and IHVV What the Fitch move means for the US. Is America the greatest country in the world? Is this a moment.? Maybe but it is Summer silly season too. TOUGH OUT THERE! Few things disrupting the force. I am going to be Mr. Floppy and sell the S&P500 ETF and the…
SMALL CAP PORTFOLIO Last updated 15.00hrs 3.00pm Updates Not quite such a nasty day again. The Index trying to hold the 7300 line. US futures modestly higher. ***CXL going well. I will sell 1% (30% of the holding) at 452c into this rally. Will take the weighing down to 2%. Feed the turkeys whilst they…
Members Podcast Thursday
MARKET AT MIDDAY The ASX 200 is down 33 points to 7321 (-0.5%), getting hit for a second day, off the lows on trade numbers. More muted reaction to the drop on Wall Street due to Fitch's recent credit rating downgrade of the US and rising Treasury yields, which negatively affected sentiment. The tech sector leading the downturn…
ASX 200 closed down 43 points to 7312 (-0.6%), sliding for a second straight session, tracking losses on Wall Street overnight. Tech led the laggards today, XRO -2.7%, REA -0.8% SQ2 -1.9%. All-Tech index down 1.0%. Iron ore miners slipped, tracking the softening price in Asia. BHP down 1.2%, RIO off 1.7% and FMG down…
ASX 200 closed down 43 points to 7312 (-0.6%), sliding for a second straight session, tracking losses on Wall Street overnight.
SUMMARY Copper stocks back in focus on AIS and 29M. LRS keeps on going. Still not sure why! Lords of Dogtown disappoint. That theory blown. Ausbiz Investment Committee episode drops. Ask the Analyst Friday 11th. 3.00pm Updates Nasty day again. The Fitch ratings downgrade has really soured sentiment. Banks are on the nose. The big…
SUMMARY RBA done? Lowe has one more meeting to go. CCP shows no signs of stress here. ASX still undecided on path. Reporting Season Preview. Volatility can be opportunity. Who wants a T-Shirt? No change to Portfolio. S&P 500 still showing overbought. August can be one of the disappointing months. ASX 200 struggling for sustained…
Members Podcast Wednesday
ECONOMIC & OTHER NEWS In July 2023, the Ai Group Australian Industry Index fell to -14.7, continuing its contraction for a 15th month. Employment, new orders, and activity/sales declined, with manufacturing and construction sectors experiencing significant downturns. The Australian dollar declined 1.5% to 66.14 US cents following the Reserve Bank's decision to maintain the cash…
