Pre-Market Report Thursday

Dow Jones up 127 points (0.39%) as weaker than expected ADP Employment numbers and Services PMI numbers took the pressure off bond yields as did a 5% fall in the oil price. Markets are bouncing from oversold conditions. The S&P rose 0.81% and the NASDAQ up 1.35% as bond yields retreated after hitting multi-year highs…

Henry’s Take – Dazed and Confused?

SUMMARY Shrinking in uncertain times. Gina buys more LTR. Inevitably thoughts turn to days of yore and Octobers past. Confused and happy to be sidelined for now. Some interesting chart correlations. Will 6900 be the support level? On The Call yesterday talking some interesting stocks, including LTR and PMT. SMALL CAP PORTFOLIO 2.45pm Updates Nothing…

Pre-Market Podcast Thursday

U.S. stocks closed higher on Wednesday.

The Dow Jones Industrial Average added 127.17 points, or 0.4%, to close at 33,129.55. The S&P 500 gained 0.81% at 4,263.75. The Nasdaq Composite rose 1.35% at 13,236.01.

Tesla up 5.9% and Amazon, Google, and Microsoft all up around 2%. Growth in US services sector slowed along with US private payrolls increasing less than expected. Equity markets viewed these results as reducing the chance of a Fed rate rise however all eyes remain on the key US jobs number expected Friday night (our time).

End of Day Report Thursday

ASX 200 shrugged off early indifference to push off the 6900 level to close at 6925, up 35 points (+0.5%). Banks and industrials leading the bounce from oversold levels. The Big Bank Basket rose to $173.59 (+0.9%). CBA up 0.9%, and NAB up 0.7%. Insurers steadied, fund managers found their feet, and MQG up 1.1%.…

Podcast With John Abernethy

Welcome to our latest podcast with John Abernethy the Chairman on the Clime Investment Management Group

John is a seasoned Economist and long-time Value Investor with forty years of experience in Funds Management and the stock market. In this podcast John talks to Marcus about a host of subjects, including ‘Higher for Longer’, can we ever get back to a 10% risk free rate of return, AI, the Housing Market, Lithium, Consumer sectors, Resources, plus his World Cup prediction, Work from Home opinion and a few long term stock tips for good measure. Enjoy!

End of Day Report Wednesday

ASX 200 fell another 53 points to 6890 (0.8%), an 11-month low with banks and industrials in the firing line today. The Big Bank Basket dropped to $172.06 (-1.6%), with CBA down 1.6% and MQG falling 2.1%. Insurers are once again under pressure despite rising bond yields, usually good for the sector. QBE down 1.0%,…