US equities finished mixed overnight. The NASDAQ fell 0.76% ahead of Microsoft and Google's quarterly results after the closing bell. The S&P 500 closed nearly unchanged, down 0.06%, near the previous day's all-time closing high, while the Dow finished near session highs, up 134 points (+0.35%). US 10Y Treasury yields remained near two-week lows as…
We have come within 0.5 points of the record all-time high on the ASX 200 for the sixth time – can we break it?
US equities mixed overnight. Tech results in focus.
The NASDAQ fell 0.76%.
The S&P 500 closed unchanged, down 0.06%,
The Dow finished near session highs
SUMMARY Some consolidation in FANG expected after Google and Microsoft drop after hours. WDS humming along. Oil up after Aramco limits production. Comms Sector hits a 52-week high. TLS slowly moving higher. Iron Ore falls on more Chinese property concerns. BHP still in downtrend. US finanicals outperform while tech lags. Good for MQG. NWL prints…
ASX regrouped after an early swoon jumping 81 points to 7681 (+1.1%). The CPI number turned things around coming in below forecast and pointing to zero chance now of a rate rise. Rate cuts could be sooner rather than later. Looked like some month end window dressing helping things along too. Banks continue to lead the market…
ASX closed up 22 points to 7600 (+0.3%) after shooting higher in morning trade. It hit near record highs before a sell-off. Banks eased back very slightly, with WBC down 0.5% and Big Bank Basket unchanged at $198.79. Insurers eased back, with QBE down 2.2% and SUN off 2.0%. Other financials eased back too, MQG…
Finally the ASX 200 breaks its closing high with the intraday high a whisker away. Lors of events this week that will kill or fill this rally.
All time high, now or never. Busy week – Fed, Big Tech Results, US Jobs, Australian inflation. Tech Bets looking good – FANG. Woodside picking up nicely in Ideas Portfolio. REA Group kicking goals. India – a Theme for 2024. GOR – The Perils of Individual stocks.
Added GQG yesterday.
Quarterlies drop.
Lithium podcast to provoke thoughts.
Uranium thoughts.
Historic yields v Forecast yields
Ask the Analyst Friday at 5.30pm
Late rally sees more records.
The Dow Jones Industrial Average added 224.02 points to close at 38,333.45.
Nasdaq Composite gained 1.12% and settled at 15,628.04.
