End of Day Report

  ASX 200 finds the Easter Bunny. Up a huge 77 points at 7897 (+1.0%) hitting a record high. Seems appropriate. The end of the quarter and end of the month helped stimulate optimism. Banks took a breather with the Big Bank Basket up slightly to $210.48 (0.3%). MQG rose 0.9% with insurers mixed, REITs…

Pre-Market Report

Wall Street ended higher, rallying in the final stretch of the quarter, with the Dow leading gains and the S&P 500 closing at a fresh record high. The Dow closed near session highs, up 487 points (+1.22%), sitting ~1% away from breaking the 40k level for the first time. Gains in Merck & Co. (+4.96%)…

Trading Section

SUMMARY Bringing back the 3EMA charts today. Iron ore down, lithium stocks down. Keeping MIN for now, stop loss at $65.7. Glad we didn’t get sucked into buying anything else Iron Ore related. Not buying FMG in the One Stock Portfolio. MQG One Stock Portfolio in cash. No change. Gold up slightly, no change to…

End of Day Report – CPI Cooler-then-expected

???? ASX 200 kicks another 39 points higher to 7820 (+0.5%), on better-than-expected CPI number. 3.4% slightly ahead of consensus. Good news and bad. Banks as usual the winners, with the Big Bank Basket up to $209.95 (+0.8%). Insurers jumped after the CPI showed price hikes still above and beyond inflation. QBE up 1.2% and SUN…

SOL Stock Take: Coal, Reit and Telecom Exposure

Washington H. Soul Pattinson (SOL) released results last Thursday, initially met with a neutral response before falling 2% on Monday then another 2% Tuesday. SOL is investment manager which specialises in taking large stakes in existing companies similar to the WES business model. This differs to listed fund managers (like MFG or NWL) which derive…