ASX 200 kicked off the week fighting back from early losses to close up 6 at 7676. Quiet trading ahead of a big week. Local banks moved from losses to gains with the Big Bank Basket up to $205.68 (0.7%). Insurers better, IAG up 0.5% and SUN ahead by 1.1%. GQG up 0.5% and MFG…
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…
All of this weeks members podcasts in one place.
Good Morning Everyone. More of the same overnight. The US market is leaking momentum. Not quite falling over. Just not rising as confidently. The "pause" has the permabears predicting something catastrophic (SNAS trade anyone?). When you have been wrong for three solid months, you are bound to get a bit vocal when it looks like…
THE WEEK THAT WAS Nasty old week. There was a dearth of research. It seemed that many analysts went off-grid. February is so exhausting, maybe they decided to take a ski trip. Not much fresh news out there. Plenty of sentiment and plenty of red ink in the market. Iron ore collapsed. Sorry, Dr Chalmers,…
UBS joins Macquarie calling the top on Banks – we sell the CBA in our Growth Portfolio and our ASX 200 ETF exposure in the Strategy Portfolio
High PPI numbers see bond yields higher again. Fed Meeting next week – messaging will be “No rate cuts yet” and “No rush”. RBA Meeting next week – Same same – No rush. Some cracks in Big Tech as Nvidia froth blows off and Adobe down 10% after hours. Five EV stocks down more than 80% in 3 years and one going bankrupt. Did Macquarie call the top on banks? Resources popped for a day but back in downtrend today. Lots of lithium newsflow – good and bad. Mostly bad.
Added some more ABB. Sold some of the ARU to take a fabulous profit.
The Fed is in No Hurry.
A look at Dr Copper.
Wall Street ended in the red overnight, weighed down by losses in chipmaker stocks for a second consecutive day. The S&P 500 dropped 0.27%, NASDAQ fell 0.30%, the Dow Jones lost 138 points (-0.35%), breaking its three-day winning streak, and the Russell 2000 underperformed compared to the broader market. February saw a higher-than-anticipated rise in…
