Marcus Take Tuesday – Lets take some profits
Taking some profits today – the market is topping out as the prospect of rate cuts fades.
Members Podcast Tuesday – Selliong a couple of things
We are selling a couple of things today as the volatility “picks up at the top”.
End of Day Report – RBA Holds Rates at 4.35%
The ASX 200 falls another 44 points to 7582 (-0.6%). Off the lows and relatively unchanged post the RBA decision to keep rates unchanged and a surprising bias to the upside on rates. Growth forecasts were downgraded slightly. Once again banks were steady despite flashing overbought levels, CBA down 1.0%. The Big Bank Basket $198.15…
Pre-Market Report
Wall St closed higher on Friday night as markets digested positive big tech earnings and employment numbers. The Dow Jones rose 135 points (0.35%) and the S&P 500 up 1.1%. Bond yields saw large gains after January nonfarm payrolls in the US surpassed expectations, posting a headline gain of 353k jobs, well above the anticipated…
Henry’s Take – February Effect
Uranium thoughts from Rick Rule
Ask the Analyst podcast
US Check-Ins
February is sometimes not a great month
How expensive is Australian Beer!
End of Day Report
The ASX 200 closed down 74 points at 7626 (1.0%) as commodity stocks suffered. Most major sectors in the red with big miners and gold miners the worst performers. BHP, FMG and RIO all down around 2.5% as Iron Ore continues its slide. GMG rose 0.7%, rallying from a down open and other REITs dropping as bond yields rise following the US weekend jobs number. Financials saw profit…