AUSTRALIA DAY The ASX is closed today for Australia day. We will send out a morning Marcus Lite email comprising the overnight table and any major news of note to cover global markets. Tomorrow, the normal overnight coverage and weekly stock summaries will be published, along with a short take from Marcus and Henry. Wall St closed higher…
ASX 200 closes up 36 points in another strong day at 7556 (+0.5%) on Chinese stimulus hopes. The index is up 2.8% since last Friday. Resources were passed the baton today, with quarterlies dominating too, FMG leading the iron ore stocks higher up 2.0%, production numbers beating expectation, Iron ore picking back up in Asia,…
SUMMARY FANG trade off to a good start. Heading parabolic. Beneficiaries of China stimulus rise. Not convinced enough to buy back BHP yet. MQG holds above resistance level. The ASX 200 heads back up to resistance for the sixth time. KGN prints a daily buy signal after firing higher yesterday. TECHNICAL OBSERVATIONS FANG trade off…
Lithium are we there yet? Conspiracy theories abound.
Is Uranium set for a similar boom and bust cycle?
Quick Takes – Maverick IPO
Lessons from Dominos, is the CBA Expensive, more on Lithium and plenty more.
SUMMARY And so it goes on – Wall St still behaving. Dominos Fall. Lessons from DMP. Is the CBA expensive? More on Lithium. Bought FANG yesterday. Bought Macquarie again yesterday. BHP turning but still not buying. Answering a few Member’s questions today. STRATEGY PORTFOLIO Reasonable night as the big tech rumble continues. Strategy portfolio well…
Dow falls but Nasdaq rises on Netflix run.
Chip stocks in demand.
Tesla numbers disappoint. Dow 3% after hours.
China stimulus helps metals.
ASX 200 closes up 36 points in another strong day at 7556 (0.5%) on Chinese stimulus hopes.
Up 2.8% since last Friday. Resources in focus.
Wall Street finished mixed overnight. The S&P 500 marked its fourth consecutive record-high close, driven by strong quarterly results from Netflix +10.7% and positive reports from chipmaker ASML +8.85%. NASDAQ Composite rose 0.36%, now ~4% below its 2021 all-time high, while the NASDAQ 100 advanced 0.3%, hitting record highs. The Dow Jones fell 99 points…
We are buying a few things today in the hope that this market rally extends
