ASX 200 limped 7 points lower at 7696 (-0.1%) after a positive start gave way to some apathy ahead of the Fed. Banks were firm with CBA up 0.5% and the Big Bank Basket slightly lower at $204.43 (-0.2%). GQG had a good day up 6.2%, with insurers better in places. REITs mixed, SCG up…
US equities rose overnight, with all three major indices finishing in the green as markets await the FOMC outcome tomorrow (Hold expected). Dot plots the focus. Dow up 320 points (+0.83%). Up 332 points at best, down 29 points at worst. S&P 500 +0.56% locking in a new record closing high, and the NASDAQ gained…
Fat and Happy at Easter?
Resources taking it in turns.Oil and gas?
Central bank week. What will we learn?
Young people have sussed it.
Record highs in the US as they wait for the Fed tonight. RBA dovish – bond yields and Aussie dollar dip. Nvidia messaging – data centre spend growing at 25% pa. Why Banks are at their highs. Because they are big not great. Some brokers buying Resources after the fall. The Copper and Nickel trade. Where to park cash. Nothing for nothing. The best income idea at the moment.
SUMMARY No change to LLC. TNE hits a 52–week high. Held in the Growth Portfolio. MQG can’t break back through resistance. Staying in cash. BHP and resources have a strong bounce. FMG prints a daily buy signal. Not buying yet. MAQ falls from overbought levels. Uptrend holding for now. OBSERVATIONS No change to LLC. TNE…
ASX 200 rallied 27 points to 7703 (+0.4%) as RBA kept rates on hold as expected. BoJ moved to raise rates to zero for the first time in years. Resources stocks rallied hard, with iron ore stocks back in demand, FMG up 3.6%, BHP up 2.8% and RIO gaining 2.5%. Gold miners were slightly better…
RBA Meeting today – all a bit quiet. Big week for Central Banks
