Members Podcast – And we’re off!
The Fed have fired the Starters Gun – We are back in the market after 120 days in cash
End of Day Report
ASX 200 closes up 79 points to 6878 (+1.1%). Strength straight out of the blocks on US moves higher. Banks as always leading the charge, with CBA up 1.5% and WBC doing well too, up 1.6%. The Big Bank Basket higher at $176.09 (+1.5%). MQG results this morning had an initial sell-off but rallied to finish up 1.8%.…
END Of DAY Podcast
ASX 200 closes up 79 points to 6878 (1.1%). Strength straight out of the blocks on US moves to the upside.ASX 200 up 2.2% for the week.
Pre-Market Report – Fed Holds Rates
Wall Street finished higher overnight, ending near best levels as markets reacted to the Fed’s interest rate decision and Powell’s remarks about keeping rates steady.
Henry’s Take
SMALL CAP PORTFOLIO SUMMARY ORG seems to be a halfway lob not a tap in. Uranium stocks in focus. Graphite too. Added WBT and LTR weightings yesterday. Looking at MP1 as an add. President Macron goes to Kazakhstan Kochie gets a tip from a Qantas steward. Ask the Analyst tomorrow at 5.30pm 2.45 pm Updates…
Marcus Take – Was that the Starters Gun going off?
FED MEETING – Rates left unchanged as expected. Unanimous decision. Fed’s pause continues. Two months of pauses suggests they may be done. The meeting was not hawkish which was seen as dovish raising hopes that the Fed may have seen the last rate rise.
Technical Scans
TECHNICAL SUMMARY
Daily buy signals after yesterday’s good day in all stocks from low volatility income to high volatility growth.
AKE illustrates how lithium has been fairing of late.
Pre-market Podcast – Thursday – Fed Meeting lights things up
Fed Meeting lights up interest rate hopes and the market
Members Podcast Thursday – The Leap of Faith
ASX 200 up 83 points in response to the Fed Meeting. Will it hold and build, or flop and drop. Stay tuned.
End of Day Report Thursday
ASX 200 pulled back from intra-day highs to close up 61 points at 6900 (0.9%). Banks led the market higher, with CBA up 1.6%, NAB up 1.5% and the Big Bank Basket up to $173.54 (+1.7%). Fund managers also better, but MQG set to report tomorrow was flat. REITs soared on falling yields, GMG up 2.22% and GPT up 3.0% as 10-year yields fell to 4.80%. Healthcare also finding support from…