End of Day Report Tuesday
ASX 200 clawed back some losses closing up 28 points to 7015 (+0.4%). Early euphoria gave way to apathy again. Banks were strong, the Big Bank Basket up to $177.31 (+0.8%). NAB leading the charge
Members Podcast
Market up 24 as we wait for inflation numbers this week.
End of Day Report – Market Drops in Afternoon
ASX 200 frittered away early gains to close down 53 points at 6988 (0.8%) in a mixture of apathy and low volumes. Iron ore weakness in Asia the turnaround as China authorities move to more supervision on pricing. BHP, RIO and FMG all took on water down around 1.5%. Lithium stocks depressed again, PLS down 2.5%, IGO off 3.3% and MIN off
Pre-market Report
The Dow Jones rose 117 points (0.33%) on Friday night to finish the week up 1.3%. Volumes and conviction were low as markets were closed Thursday for Thanksgiving and shortened trade on Friday. The S&P 500 finish
Pre-market Podcast
The Dow finished up 117 points (+0.33%). Up 126 points at best. The S&P 500 finished flat, and the NASDAQ fell 0.11%
Henry’s Take
ORG in focus.
PLS with a huge 18.5% short position.
US Check-Ins.
Diary Next Week
DIARY NEXT WEEK Inflation rates will headline next week as we see Australian CPI numbers on Wednesday morning, EU Inflation rate on Thursday night and US PCE Price Index (the Fed's preferred measure of inflation) early on Friday morning. Michele Bullock described Austrlian inflation as "homegrown" last Thursday night and estimated it will take more than…
Marcus Weekend
Wall Street had a half day on Friday following the holiday on Thursday. A lot of US traders have been on holiday all week and will be next week, so volume overnight was predictably half the usual volume. The US markets all behaved last night despite Nvidia falling 1.9% on a delay in the launch…