Wall St closed down on Friday night. Initially buoyed by a positive jobs number before selling took hold for no particular reason. Likely just profit taking after a stellar run. The Dow fell 69 points (-0.18%). S&P 500 off 0.65% and the NASDAQ the worst, down 1.16%. Jobs numbers from the US were generally weaker…
ASX 200 cratered 143 points to 7704 (-1.8%) as banks gave up frothy gains from Friday and iron ore weakened in Asian trade dragging down the big miners. BHP fell 2.6% with RIO off 3.6% and FMG down 3.5%. Base metal stocks also slid with MIN off 2.4% and S32 down 2.3%. Lithium stocks were…
THE WEEK THAT WAS More records this week than the Virgin Mega Store. And talking of Virgin, we even saw a bid for this large bank. A very large bank. And one listed here, and the result albeit convoluted, of the demerger of National Australia Bank’s UK business. This was enough to propel our banking…
Good Morning everyone. Well, not so good. Not terrible. SPI Futures down 47. Big Tech cracks appearing. NASDAQ down 1.16%. S&P down 0.65%. Nothing to worry about. Its been a good run – things get more volatile the higher they go. Nvidia down 5.5% – the rest OK. Apple up 1%, having dropped 10% in…
Macquarie The ‘millionaires factory’ is famous for its rapid growth and profitability. Macquarie Bank gained that tag line when a million dollars was a distinctive marker and its senior staff were able to earn a very high income through generous salary and bonuses. As a bank it was seen as ‘the new kid on the…
SUMMARY Markets continue higher looking unstoppable, until it all ends of course. We have gotten MQG wrong this time by staying in cash. BHP we made the right decision cashing out in January. Is down 6% since selling. LLC having a solid day yesterday. BOE mulling about with the rest of the uranium sector. WEB…
International Women’s Day – AI afterburners on – Interest rate cuts moving from myth to reality – a podcast with Louise Bedford – the anatomy of the 1987 Crash and the lessons from it.
AI after-burners are on. Now we’re getting frothy. But don’t sell anything yet. Record highs here today. Powell pacifies – ECB concurs. Aussie 10 year bond yield under 4%. Rate cut hope will soon be a reality and its blowing the equity markets along. Some Lithium shorts covered last week. Iron ore the new target. BHP and RIO ex-dividend. US jobs numbers tonight.
