US equities took a breather overnight as treasury yields kicked higher, the USD hit a two-year high, and profit-taking following the post-election rally pressured markets lower. The Dow closed near session lows, off 382 points (0.86%). Up 113 points at best. Down 406 points at worst. The S&P 500 ended its biggest five-day rally in…
Wall Street finished in the green for a fifth consecutive session, Bitcoin hit record highs topping $87k and the US dollar hit a one-year high. The Dow Jones ended 304 points higher (+0.69%) supported by gains in bank stocks over optimism for expected fiscal policies under Trump's administration. Up 498 points at best. Economically sensitive…
ASX 200 dropped another 11 points to 8256 (-0.1%) as the bifurcation between banks and resources continued. Resources again on the nose, BHP off 1.8% and RIO falling 1.6% with FMG holding up after yesterday’s drubbing. Gold miners also saw across the board selling as hot money left bullion and chased bitcoin towards US$90k. EVN down 3.5%…
Wall Street ended the week higher supported by solid consumer sentiment data and bets that Trump’s pro-growth agenda will fuel corporate America. The S&P 500 rose 0.38% hitting its 50th record high this year and breached over 6,000 during trade before ending the week 4.66% higher, its best weekly performance since November 2023. The Dow…
THE WEEK THAT WAS Fair to say it was a ‘helluva’ week. And it kicked again last night! 44k on the Dow. I wrote last Saturday of how I thought it would pan out. I had backed Harris as the value, but my best hope was a convincing win for either. In that case, the…
A week enjoying a Trump Bump as everything went (perversely) “risk on”. A rate cut from the Fed iced the cake. A Red Sweep looking likely (Republicans have a narrow lead in the House of Representatives having won the Senate). Makes tax cuts more likely. Not complaining. Not making any predictions about how long it…
ASX 200 ended the week sprinting 69 points higher to 8295 (+0.8%). A good 2.2% rise for the week. It has been a momentous week, money being put to work in the ASX. Resources buoyed by China hopes. BHP, RIO and FMG all better despite iron ore in Singapore falling 2.6%. Gold miners recovered as…
ASX 200 closed up 68 points to 8200 (+0.8%) after scaling highs on Trump’s promising signs. US Futures and Bitcoin leaping, but off highs. Resources fell as Asian markets saw weakness in possible Trump victory. Banks doing well with bond yields pushing higher. CBA up 1.1% and WBC up 1.1% with the Big Bank Basket…
Wall Street closed in the red overnight following a choppy day of trade as polls continue to show a tight race in the US presidential election. The Dow Jones traded lower all session, down 258 points (-0.61%). Down 405 points at worst. S&P 500 lost 0.28% as utilities and healthcare stocks dragged while energy stocks…
