Wall Street closed in the red overnight following a choppy day of trade as polls continue to show a tight race in the US presidential election. The Dow Jones traded lower all session, down 258 points (-0.61%). Down 405 points at worst. S&P 500 lost 0.28% as utilities and healthcare stocks dragged while energy stocks…
Ever seen the film This is England? British film. Young kid, bullied at school, befriended by skinheads and transformed from lone loser to uniformed gang member in a day. It’s a powerful example of the positives and negatives of gangs. Positives include: belonging to something, having friends, a set of rules to live by, and…
ASX 200 kicks 46 points higher to 8165 (+0.6%). Banks and industrials leading the charge higher. WBC rose 0.9% on a higher dividend and an extension of the buyback. CBA up 1.6% and the Big Bank Basket up to $246.72 (+1.3%). REITs slightly positive, SCG up 0.3% and tech and industrials better, WTC rallied another…
THE WEEK THAT WAS I talked about it last week. 'Reaffirmation'. Everyone is reaffirming guidance. If you don't, you become a second-half story and have to justify why the investors should keep the faith. Second-half stories are punished. For the week, the ASX200 is down around 1.1%. Nerves creeping and a lack of positive catalysts. Reaffirmations will do…
It was a pretty shabby week last week with the ASX 200 down 92 points (-1.13%), leaving it at the lowest level in seven weeks. Better night last night. Looking a bit toppy on the chart. Banks have taken us lower as bond yields spike. HEADS UP – The US clocks go backward at 2am…
US equities rebounded from the previous day's sell-off led by Amazon’s 6.2% gain on strong results. Equity markets brushed off weak nonfarm payrolls data rising 12k last month, the smallest gain since December 2020, significantly below forecasts of 113k. S&P 500 advanced 0.41% halting its two-day rout and the NASDAQ rose 0.80%. The Dow added…
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All three major US indexes finished in the red overnight led by tech stocks. Meta down 4.1% and Microsoft off 6.1% after both companies raised growing AI costs that could hit their earnings despite both companies beating earnings estimates. The Dow Jones traded in red all session finishing near session lows, down 378 points (-0.90%).…
ASX 200 down only 41 points at 8119 (-0.5%) after a good afternoon rally on iron ore miners turning positive. Some slightly better Chinese data helping. BHP up 0.3% and RIO bouncing 1.7%. MIN also doing well up another 3.1%. Gold miners still a drift as bullion stumbles. NST down 0.9% and EVN off 2.1%.…
US equities ended in the red following another round of corporate earnings and key economic data. The Dow Jones pared earlier gains and finished at session lows, down 92 points (-0.22%). Up 225 at best. The S&P 500 fell 0.33% and the NASDAQ slid 0.56%. Gains in Alphabet +2.9% (up 6.5% on the open) weren’t…
