Diary Next Week
This week’s main event is the US Inflation rate Thursday and CBA results Wednesday.
This week’s main event is the US Inflation rate Thursday and CBA results Wednesday.
These are our Weekly charts covering the Markets and Sectors – they give you a feel for the “Tide” and the undercurrents.
US markets closed out the week in the red. Dow Jones down 150 points while the S&P 500 and the NASDAQ fell 0.53% and 0.36%.
Sold both ETFs this week. Cautious. Nothing in the IDEAS PORTFOLIO or ONE STOCK PORTFOLIOs. Sold the CXL holding down from just over 3%.
Last update 10.10am RMD Commentary. No guidance given either. Markets not happy Jan. SUMMARY Houston we do have a problem! Fitch may be showing bad timing but it is an inconvenient truth. Why you should avoid CFDS. Fence sitting with no positions. In Marcus’s absence I have started writing the Strategy piece a little earlier.…
Latest Update 11.07am. Summary of AFR article on MIN and Albemarle. 2.30pm Updates AZS having a stunning day. See below for a nano cap on the same area as the Andover project picking up some steam today. LRS may hold above 40c today. WR1 and WA1 doing well. Been told to him a closer look…
MARKET AT MIDDAY The ASX 200 is up 3 points to 7315 (+0.1%) experiencing a hesitant start due to mixed performances across the market. Energy gained as Saudi Arabia extends production cuts. Woodside Energy +1.3%, Karoon Energy (KAR) +3.5%. The market has seen a sell off this week triggered by a US credit rating downgrade and a surge in US Treasury yields, impacting the ASX's performance.…
ASX 200 closed up 14 points to 7325 in a late surge. For the week the index dropped 1.1%. Banks held steady despite the ACCC knocking back the ANZ/SUN deal, The Big Bank Basket relatively unchanged at $177.25. MQG was slightly better up 0.8%, but REITs hit hard once again as 10-year yields continued to…