Marcus Take Friday – Lots of Central Bank Action coming up – Market teetering

Reports Section

High PPI numbers see bond yields higher again. Fed Meeting next week – messaging will be “No rate cuts yet” and “No rush”. RBA Meeting next week – Same same – No rush. Some cracks in Big Tech as Nvidia froth blows off and Adobe down 10% after hours. Five EV stocks down more than 80% in 3 years and one going bankrupt. Did Macquarie call the top on banks? Resources popped for a day but back in downtrend today. Lots of lithium newsflow – good and bad. Mostly bad.

Pre-Market Report – US PPI Hotter-Than-Expected

Reports Section

Wall Street ended in the red overnight, weighed down by losses in chipmaker stocks for a second consecutive day. The S&P 500 dropped 0.27%, NASDAQ fell 0.30%, the Dow Jones lost 138 points (-0.35%), breaking its three-day winning streak, and the Russell 2000 underperformed compared to the broader market. February saw a higher-than-anticipated rise in…

Pre-Market Report

Reports Section

Overnight, the S&P 500 and NASDAQ edged lower, driven by profit-taking in chipmaker stocks. The Dow inched up 38 points (+0.10%), while the S&P 500 dipped 0.2%, and the NASDAQ fell 0.5%. PHLX Semiconductor eased 2.5% following recent strong gains, up 16.61% YTD. Treasury markets stabilised after a robust auction of 30Y bonds, contrasting with…

Marcus Take Thursday – Bond yields going up again

Reports Section

Bond yields going up again. Interest rate sensitive sectors at risk. Big week of Central Bank action coming up – FOMC, RBA, BoE, BoJ. Big Tech momentum fading.
Selling BOE in the Ideas Portfolio (Uranium too volatile). Iron ore down again. We have no BHP, RIO or FMG. 17% cash in both the Income and Growth Portfolios.
Strategy Portfolio still fully invested. Waiting for that “One Bad Day”. No sign of it.