Pre-market Podcast
The Nasdaq Composite pulled back by 1.65%. Apple slips.
Dow lost 1.04%, to 38,585.19.
The S&P 500 dipped 1.02%.
ASX SPI down 10
Marcus Take Wednesday – Big Tech pause, China scepticism, Lithium rally over
Was that the Big Tech Top? Far too early to say. And Nvidia was up. Our Futures only down 10 – a lack of Tech helps sometimes. Cynicism over China’s “meaningless” 5% GDP target. Concerns for Tesla’s and Apple’s Chinese sales. Lithium smashed again – Albermarle exploits the froth. Goldman predicts 25% fall in lithium from here. Short covering rally won’t last. Bond yields conming down nicely. Powell speaks 2am Thursday morning. Bitcoin tops out for a day. Lots of ex-dividends again.
Members Podcast Wednesday – The pause that hopefully doesn’t turn into a correction
The NASDAQ dropped 1.65% overnight. Lithium stocks cratered again. Bitcoin even peaked. We have gone “Risk Off” for a day.
CTD Stock Take
Following a member request and it printing a daily buy signal on Monday we are taking a look at Corporate Travel Management (CTD). The company reported two weeks ago and got whacked 20%. Earnings rose by 96%, profit rose by 162% and the dividend rose by 183% to 17c (unfranked). Solid numbers driven by client/market…
End of Day Report – GDP Result Disappoints Falling Short of Expectations
ASX 200 flips to close at 7734 up 9 (+0.1%), turning positive as GDP number disappoints and hopes for a rate cut brought forward. Banks once again the drivers of the market, with the Big Bank Basket up to $208.37 (+1.1%). MQG kicked 0.5% higher, ASX up 0.4% and health insurers up. REITs mixed, GMG…
END Of DAY Podcast
ASX 200 closes up 9 at 7734 (0.1%), turning positive as GDP number disappoints and hopes for a rate cut brought forward.
Banks in favour.
Pre-Market Report – Apple Hit with $2bn Fine & Bitcoin Crosses $67k Mark.
Wall Street finished in the red, dipping in the final hour of trade following a rally that pushed the S&P 500 to its 15th record of 2024. The Dow traded lower all day, falling 98 points (-0.95%). Down 174 points at worst. The NASDAQ fell 0.41%, and small-caps Russell 2000 slipped 0.10%. The S&P 500…
Trading Section
SUMMARY MQG and BHP fall yesterday. Staying in Cash. BOE bounces after a Friday sell-off. LLC yet to come to life. Real Estate sector hits an all time high as bond yields drop. CBA pushes onwards and upwards. Hits another record high. Gold hits an all time high. ETFs on 52-week highs. SUMMARY MQG and…
Henry’s Take – Gold and Bitcoin as Lithium stumbles.
Gold and Bitcoin.
Lithium smacked as Tesla falls.
Happy to have sold half my PMT.
Bought in early in DRO.
RMD discounting new machine.