Henry’s Take – Commodity Boom Continues – Copper and Rare Earths in Focus
Rare earths attracting attention.
BHP is a copper stock.
AZS and APM higher.
The new OZL?
SXSW and Ai
How to get to the moon.
Pre-Market Report
Wall Street ended mostly higher overnight, erasing losses in the final minutes of trade, a day ahead of inflation data. The Dow finished essentially unchanged, down 9 points (-0.02%). Up 100 points at best, down 321 points at worst. S&P 500 gained 0.14%, regaining its 5,200 mark after briefly dipping below it, while the NASDAQ…
Trading Section
SUMMARY S&P 500 hovers at record highs. Short term EMA is flat lining. Adding Beach Energy (BPT) for a post negative announcement recovery. Staying in cash in the MQG One Stock Portfolio. See Marcus Take for more. NASDAQ up again slightly. No change to SNAS. SFR enjoyed a morning spike before closing near flat. No change.…
Marcus Take Wednesday – Education Corner – Are you an Investor or Trader
Waiting for Godot – the CPI number tonight. A new AI ETF lands in Australia. Iron ore up again. Macquarie and the US investment bank results. Buying a trade in an oversold energy stock. Education Corner – Investors versus Traders.
Members Podcast Wednesday – Waiting for the CPI number tonight
Resources bouncing for the second day – everything depends on the CPI number tonight – the risk seems to be on the downside but we’ve said that a few times and been wrong. So we just have to wait and see.
End of Day Report
ASX 200 kicks another 24 points higher to 7849 (+0.3%) as resources took centre stage. Iron ore stocks back in demand on China hopes, BHP up 0.7% with FMG up 1.9%. Lithium stocks also doing well on a price bounce in Asian trade, PLS up 1.3%, MIN up 0.5%, with LRS up 14.3%. Gold miners missed out…
End of Day Report
ASX 200 kicks another 35 points to 7824 as buyers continue in resource stocks. BHP finding friends on iron ore recovery, up 2.0%, and RIO doing well up 3.0%. Lithium stocks also recovering nicely following a 5% rise in Tesla. MIN up 1.0%, and PLS rallying 1.6%. Gold miners mixed despite bullion kicking higher again, NEM easing…