ASX 200 falls 26 points to 7788 (-0.3%). For the week, the index is up a mere 15 points. Quiet day, banks eased back slightly as yields push to 4.28%. The Big Bank Basket down to $205.36 (-0.4%). Insurers better, and GQG doing better up 0.4%. MQG slipped 0.1%. REITs under pressure, GMG down 0.1%…
YOU MAKE THE MOST MONEY WHEN EVERYONE IS WRONG This is a really important piece of the jigsaw puzzle for you are an investor. You need to take this on board. Get through the first bit to get to the Inefficient Market Hypothesis. You may have heard of ‘EMH’, the ‘efficient market hypothesis’. Anyone who’s…
Wall Street closed sharply lower after hotter-than-expected inflation sent stocks and bonds sliding signalling the Fed will be in no rush to cut rates this year. The Dow traded lower all session before finishing down 422 points (-1.09%). S&P 500 off 0.95%, NASDAQ down 0.84%, and small caps Russell 2000 underperformed, losing 2.52%. Treasury yields…
Lithium finding friends.
Commodity stocks still in demand. WIRE going well.
Has Goldilocks left the building?
Thoughts on watching Peter Deng (Open Ai) present.
SUMMARY Hot CPI Number is another excuse to sell – but will anyone? No "Big Bad Day" – US market damage contained – so no change to Strategy yet. Big pop in bond yields – a whole rate rise in a night. Interest rate-sensitive sectors top out (Housing, REITs, Banks, Small Caps). Might get those…
SUMMARY Wall St drops. Inflation slightly higher. Bond yields up. Gold to come under pressure. SNAS ready to come alive. Glad to be in cash for FMG and MQG One Stock Portfolios today. BPT off to a negative start. Setting a stop loss at $1.52. Oil up overnight will help it and KAR. SFR gives…
Our market has rallied 50 off the low – it will not lie down – Resources and Energy up – interest rate sensitive sectors down
ASX 200 closed down 35 points to 7814 (-0.4%), giving up yesterday’s gains but rallying from the open low after US CPI data came in hotter than expected. Pushing back rate cut expectations. Rate-sensitive sectors came under significant selling pressure, with the big banks getting clobbered. The big four all ending in the red, ANZ the biggest laggard, down 1.4%, while…
