Wall Street closes higher overnight, ending near best levels. Dow Jones up 212 points (+0.63%). Dow at best up 261 points, snapping a six-day losing streak. Tech megacaps led the round, with the NASDAQ up 1.65% and the S&P 500 up 1.15%, halting a two-day drop. Upbeat economic data eased recession fears while the dollar…
SUMMARY On The Call today at Noon. A look at a defensive large cap that everyone loves. Why ignore mining stocks? Missing the best bit. A look at the Ausbiz High Conviction Portfolio performance since March 2022. WBT – Falls 18% then suspended as not enough directors now. LATE 3.30PM Update – Adding a 2%…
Wall Street closes higher overnight, ending near best levels.
SUMMARY Only one 52 week high and we hold it in the MT INCOME portfolio – MMS Those sell signals on the NASDAQ, S&P 500 and the Dow Jones yesterday are looking a bit premature this morning. Overbought sector – Consumer Staples with WOW and COL are overbought. Oversold sector – Healthcare thanks to a…
SUMMARY Was that the end of the selling? Macro Blah Blah. CPI Today. SNAS Bears going to get clipped today. Short term versus long term Technical Signals. BREAKING NEWS The CPI number is well below expectations. Just what we wanted and will help reverse this recent sell-off. May CPI +5.6%, well below the 6.1% expected…
This is the Marcus Today Members Exclusive Podcast – A good day today as the CPI number comes in below expectations and the market pops 50 points.
MARKET AT MIDDAY The ASX rallied at the opening bell, climbing 43 points in the first 10 minutes of trade, tracking gains on Wall Street overnight, with Healthcare, Technology, and Consumer Discretionary stocks leading gains. At 11:31, the ASX 200 jumped 1% to 7,190 after inflation data came in cooler than expected at 5.6% in May, vs…
ASX 200 closed up 78 points to 7197 (+1.1%), boosted by cooler-than-expected inflation results. The Aussie dollar fell to 66.43c (-0.6%), and the 2Y and 10Y bonds took a hit following inflation results, before closing down 6bps and 5bps, respectively. Interest rate-sensitive sectors performed well. Consumer discretionary the best-performing sector today WES up 1.3%, JBH…
ASX 200 closed up 78 points to 7197 (+1.1%), boosted by cooler-than-expected inflation results.
The ASX 200 up 40 points to 7118 (+0.6%) snapping back from a 4-day losing streak ahead of CPI numbers tomorrow. REITS saw the biggest gains today as the NSW premier announced an increase in height restrictions for apartment building in Sydney. GMG up 1.2% and SCG up 4%. Banks gained after their recent drop…
