End Of Day Podcast Wednesday
ASX 200 closed down 26 points to 7253 (-0.4%), letting go of yesterday’s gains, snapping a three-day advance.
Pre-Market Report Tuesday
Wall Street closes higher overnight in a holiday-shortened session kicking off the second half of the year on a positive note ahead of the US July 4th holiday. Dow Jones virtually unchanged, up 11 points (+0.03%). Dow at best up 58 points. Dow at worst down 121 points. S&P 500 gained 4.75 points, up 0.12%,…
Henry’s Take Tuesday
SUMMARY LRS going well. Next stop 40c? A look at two laggards. JLG and CTD. Adding one watching the other. Why is the Cape Schiller ratio over 30 an issue? Apple hits $3 trillion, what can you buy for that. Ask the Analyst Friday at 5.30pm SMALL CAP PORTFOLIO 2.30PM Update RBA keeps rates on…
Pre-Market Podcast Tuesday
Wall Street closes higher overnight in a holiday-shortened session kicking off the second half of the year on a positive note.
Technical Scans Tuesday
SUMMARY A new presentation today – hope you like it. Big and small Tech in the US overbought with the NASDAQ, S&P 500 and a host of technology ETFS all overbought (HACK, ROBO, RBTZ, TECH, SEMI, CLDD). The S&P 500 ETFs all overbought – IVV, IOO. Geared US market ETFs buy signal – GGUS. Geared US…
Marcus Take Tuesday
The lower-than-expected CPI number last week suggests a good chance that the RBA will pause rates, but almost all the strategists are saying the same thing, inflation is too high, and even if they do pause now, they will have to raise rates twice if not three times more. If they do pause, I think it’ll be good for the market, whatever the strategists are saying. And hopefully, it will extend this consumer discretionary rally for us. We have three retailers in our IDEAS PORTFOLIO.
Midday Report Tuesday
MARKET AT MIDDAY The ASX 200 is down 3 points to 7243, after an early rise ahead of the RBA’s cash rate decision at 2:30 PM, where the market remains split on whether Lowe will raise rates by 25bps or pause. The latest RBA Rate Tracker implies an 84% likelihood for a hold. Gold and energy stocks leading…
Members Podcast Tuesday
RBA – Nobody knows is the answer to the question. Will they or won’t they? The lower-than-expected CPI number last week suggests a good chance that they will pause rates, but almost all the strategists are saying the same thing, inflation is too high, and even if they do pause now, they will have to raise rates if not three times more. If they do pause, I think it’ll be good for the market, whatever the strategists are saying. And hopefully, it will extend this consumer discretionary rally for us. We have three retailers in our IDEAS PORTFOLIO.
RBA Pauses
The RBA has left rates unchanged. Looks like they have taken on board last week's lower than expected CPI number – theire hawkishness appears to have been significantly tempered. They say inflation is only "slightly" higher than expected and due to temporary factors. Goodness – a lot less hawkish than expected. Runs against the Fed…
End Of Day Report Tuesday
The ASX 200 rallied 33 points to 7279 (+0.5%), bouncing back from 7,232 lows following the RBA’s decision to hold rates at 4.1%. The Aussie dollar fell 0.2% to 66.58c, and the 2Y yield was virtually unchanged, up 1bps. Gold miners are happy, buoyed by stronger bullion prices. EVN up 1.8%, NST gained 1.6%, NCM…