Henry’s Take – A Boom Looking for a Bust? Not yet.
GQG-DRO news.
DXB – Crunch time coming.
What is Fair Value?
Is this a Boom looking for a Bust?
On the Couch Podcast.
Pre-Market Report
Wall Street advanced overnight, with the S&P 500 achieving a record closing high, driven by gains in tech and growth stocks. The Dow rose by 0.34%, the S&P 500 by 1.03%, the NASDAQ by 1.51%, and the Russell 2000 by 0.81%. Powell's remarks before a US Senate committee were largely uneventful, removing a lingering uncertainty.…
Trading Section
SUMMARY Markets continue higher looking unstoppable, until it all ends of course. We have gotten MQG wrong this time by staying in cash. BHP we made the right decision cashing out in January. Is down 6% since selling. LLC having a solid day yesterday. BOE mulling about with the rest of the uranium sector. WEB…
Marcus Take Friday – Record highs today…woof woof
AI after-burners are on. Now we’re getting frothy. But don’t sell anything yet. Record highs here today. Powell pacifies – ECB concurs. Aussie 10 year bond yield under 4%. Rate cut hope will soon be a reality and its blowing the equity markets along. Some Lithium shorts covered last week. Iron ore the new target. BHP and RIO ex-dividend. US jobs numbers tonight.
Members Podcast Friday – The Anatomy of 1987 – up 62%, down 38%. The NASDAQ has done the opposite.
International Women’s Day – AI afterburners on – Interest rate cuts moving from myth to reality – a podcast with Louise Bedford – the anatomy of the 1987 Crash and the lessons from it.
End of Day Report – ASX 200 Hits Record Highs
ASX 200 finished at record highs of 7847 up 83 points (+1.1%). Up 102 (+1.3%) points for the week. Banks were as usual, the big driver, hitting highs, the Big Bank Basket up to $214.07 (+2.0%). CBA pushed 1.8% ahead, NAB up 2.3% and WBC up 2.6%. MQG continued higher up 2.0%, and insurers up…
Marcus Take Thursday – Normal is Fabulous.
SUMMARY Powell behaved. Bond yields liked it. Relax. The NASDAQ steadied. Tuesday's sell-off didn't develop then. Record highs on US, Australian and European equities, Gold and Bitcoin – Normal? The Anatomy of a Crash. Lessons from 1987. Yesterday's Australian GDP number – anaemic growth means rate cuts are coming. The ex-dividends keep coming. BHP and…
End of Day Report – CBA Hits Record Highs – All About the Banks
ASX 200 finished up 30 points to 7758 (+0.4%) despite the heavy weight of large-cap ex-dividends. Once again, banks leading the way with the Big Bank Basket up to $209.87 (+0.7%). MQG rose 0.8%, and CBA hit record highs up 0.8%. GQG rose 2.8% on FUM news, ASX up 0.8% despite being fined by ASIC.…