Marcus Take Wednesday – Waiting for the bottom
Cashed up with nothing to do but wait for the bottom.
Members Podcast Wednesday – Waiitng for the Bottom
Waiting for the Bottom – might be a while
End of Day Report Wednesday
ASX 200 fell 8 points today to 7030 (0.1%) as a late rally saved the day after early losses. The market managed a rally post the monthly CPI number which came in as forecast at 5.2%. Banks were once again a pillar of strength with the Big Bank Basket up to $175.96. CBA up 0.5%,…
End of Day Podcast Wednesday
ASX 200 fell 8 points today to 7030 (0.1%) as a late rally saved the day after early losses. The market managed a rally post the monthly CPI number coming in as forecast at 5.2% and kicked in the matchout.
Pre-Market Report Tuesday
Wall Street finished higher overnight despite rising bond yields. The Dow Jones finished near best levels, up 43 points (+0.13%). Up 54 points at best. Down 183 points at worst. The S&P 500 snapped a four-day slide, rising 0.40%, and the NASDAQ ended the day 0.45% higher, with Amazon gaining 1.7% after the company announced…
Pre-market Podcast Tuesday – A lot of China related headlines
SPI Futures down 7 as the Dow rises 43. Concerns about China are eerily spreading and iron ore is going down.
Marcus Take Tuesday – Mysteriously negative vibes on China
SUMMARY Government bodies expressing Chinese economic concerns – bit odd. Iron ore tops out – Wouldn’t be buying resources. Higher for Longer means lower for longer. The Six Traits of the Retiree investor. Lithium down. Cobalt is going nowhere until 2027. Lithium down again. Rare Earths supply doubles in China. Inflation hurdles this week. MARCUS STRATEGY No…
Technical Signals Tuesday – Buy signal on Telstra
A lot of oversold stocks – a Buy signal on Telstra – sell signals on US markets
Members Podcast Tuesday – China, Paladin and Telstra
Getting hard to make money as the market trends lower for longer in the face of bond yields doing the opposite. ASX 200 down 28 at Midday. Resources, Tech and REITs on the nose as bond yields rise.
End of Day Report Tuesday
The ASX 200 closed down 38 points to 7038 (-0.5%), snapping a two-day advance as US futures fell. Almost all sectors finished in the red. Healthcare the top performer today. RMD bounced, up 2.3%, RHC up 0.9%, and CSL gained 1.0%. Financials gained ground in afternoon trade, finishing in positive territory. The Big Four Banks were mostly up. ANZ…