SUMMARY The Glass Half Empty factors listed. Cashed up nicely yesterday. The One Stock Portfolios are both back in cash. The No Ideas Portfolio is a “No Ideas” portfolio once again. The Ideas Portfolio dilemma – to SNAS, BBUS, to BBOZ or BEAR? Jobs numbers tonight could go either way. More risk than reward. US…
US markets closed sharply lower overnight in a broad sell-off after fresh jobs data indicated a strong labour market boosting yields and fanned fears that the Fed will be more aggressive in hiking rates. The Dow Jones fell 366 points (-1.07). Dow at worst down 517 points. S&P 500 posted its biggest daily drop since…
SUMMARY Not as many sell signals as expected this morning – maybe on Monday. Big Tech and Tech based ETFs still overbought – not for long. SNAS and BBUS (Bear market ETFs) are Oversold and on year lows – will lift today. Sell signal on GGUS which is geared to the S&P 500 going up…
US markets closed sharply lower overnight in a broad sell-off after fresh jobs data indicated a strong labor market.
SUMMARY Nasty day and more in store. Where is that recession? What to do with WBT. A look at another member’s suggestion. Best chart I have seen for a while. The shock absorber is working but no one cares! Ask the Analyst tonight at 5.30pm. SMALL CAP PORTFOLIO 3.00 pm Update Not all bad news…
MARKET AT MIDDAY The ASX experienced a broad sell-off, with the ASX 200 dropping 114 points to 7049 (-1.6%) as shares of Block Inc (SQ2) tumbled 5.4%. Concerns over potential interest rate hikes by the US Federal Reserve and Reserve Bank, sparked by hotter-than-expected US jobs data, led to selling across all sectors. Fund managers hit the hardest, with Pinnacle Investment Group (PNI) down…
ASX 200 fell 121 points to 7042 (-1.7%). Another soggy end to the week. ASX 200 down 2.2% for the week. Losses across the board from the open, banks hit hard with the Big Bank Basket down to $168.52 (-1.5%) led lower by CBA down 1.7% and MQG down 1.3%. Insurers dropped despite a huge rise in…
ASX 200 fell 121 points to 7042 (-1.7%). Another soggy end to the week. ASX 200 down 2.2% for the week.
Blood on the streets on ASX 200 today, closing down 90 points to 7163 (-1.2%), as investors exercised caution after the FOMC meeting minutes reaffirmed expectations that interest rates would remain higher for longer. Financials and miners weighed, with the big four banks losing between 1%-2%. The Big Bank Basket took a hit down to…
