Marcus Take Tuesday – RBA today – cuts are coming, but not today

Reports Section

Bond yields rise again. Big Tech yet to crack. Big week of Central Bank meetings. RBA and BoJ today. Chinese economic data better than expected. Iron ore up 4%.
Macquarie target price on FMG 42% below the current share price. The difference between forecasts and backcasts. The truth about broker research in the resources sector. AI smarter than humans within a year (depending on which human you compare it to). Elon Musk on prescription ketamine – obviously works.

Trading Section

Reports Section

Having technical issues with our technical software (no pun intended there). May update with the usual scans if we can get it up and running this afternoon. LLC continues to do well. Morgan Stanly had a positive update yesterday. BOE back to the price we originally bought it for (annoying). Hunting for new Ideas but more risk…

End of Day Report – RBA Holds Steady

Reports Section

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…

Pre-market Report

Reports Section

US markets finished lower on Friday night with tech hit the hardest. Dow Jones down 191 points (0.49%), S&P down 0.65% and the NASDAQ down 0.96%. No specific catalyst behind the selling – a loss of momentum, profit taking and bond yields rising the key talking points. Adobe was the biggest loser, falling 13.7% after…