Marcus Weekend

A good night on Friday unless you are betting on oil. Oil price down 2.0 and 1.89%. But let’s not worry about that, the futures are up almost 70 points as I write and the headlines are full of Powell’s comment that they need to “move forward carefully” amid signs of economic softening. They were prepared…

Henry’s Weekend Take

THE WEEK THAT WAS Ever feel like life is passing you by? Invest in the ASX, and you will continue to feel that. We are just not that exciting at the moment. In the US, things are kicking off as the computers are bidding the markets within a whisker of all-time highs. The Magnificent Seven…

Pre-Market Report: US Inflation Cools

The Dow hit a new high for the year, up 520 points (+1.47%), driven by a 9.2% jump in Salesforce shares and a moderation in PCE inflation. The S&P 500 gained 0.38%, while the NASDAQ fell 0.23%. October saw a slowdown in PCE inflation measures and a moderation in personal spending, reinforcing expectations that the…

End of Day Report Friday

ASX 200 fought from early big falls to close down only 14 points to 7073 (-0.2%). Banks flat, the Big Bank Basket at $178.32 (-0.3%). MQG slid 0.8%, with other financials pulling back slightly. Insurers held in, with SUN up 0.2% and MPL up 2.0%. REITs mixed, GMG up 1.3% and VCX down 2.1%. Healthcare flat,…