SUMMARY 109 stocks overbought (weekly) in the All Ords. Only 23 oversold. No change to LLC, sold BOE yesterday. ANZ and WBC print daily sell signals after the banks fall over yesterday. FMG will be on the radar for the next One Stock Portfolio buy opportunity. GOR resumes its uptrend along with the rest of…
High PPI numbers see bond yields higher again. Fed Meeting next week – messaging will be “No rate cuts yet” and “No rush”. RBA Meeting next week – Same same – No rush. Some cracks in Big Tech as Nvidia froth blows off and Adobe down 10% after hours. Five EV stocks down more than 80% in 3 years and one going bankrupt. Did Macquarie call the top on banks? Resources popped for a day but back in downtrend today. Lots of lithium newsflow – good and bad. Mostly bad.
Wall Street ended in the red overnight, weighed down by losses in chipmaker stocks for a second consecutive day. The S&P 500 dropped 0.27%, NASDAQ fell 0.30%, the Dow Jones lost 138 points (-0.35%), breaking its three-day winning streak, and the Russell 2000 underperformed compared to the broader market. February saw a higher-than-anticipated rise in…
SUMMARY LLC kicking goals. Up 6.6%. Exiting BOE with a loss. Too volatile and the spot price has taken a dive. S&P 500 ETF IHVV hits a 52-week high. Held in the Strategy Portfolio and up 24.7% vs IVV’s 20.6%. No change to MQG, bond yields rising. Things still looking toppy. BHP hits a 52-week…
Overnight, the S&P 500 and NASDAQ edged lower, driven by profit-taking in chipmaker stocks. The Dow inched up 38 points (+0.10%), while the S&P 500 dipped 0.2%, and the NASDAQ fell 0.5%. PHLX Semiconductor eased 2.5% following recent strong gains, up 16.61% YTD. Treasury markets stabilised after a robust auction of 30Y bonds, contrasting with…
LTR funding package.
Would you be happy short PLS? Barry Believes.
A look at MQG from The Call yesterday.
Is WOW a once-in-a-decade opportunity?
Bond yields going up again. Interest rate sensitive sectors at risk. Big week of Central Bank action coming up – FOMC, RBA, BoE, BoJ. Big Tech momentum fading.
Selling BOE in the Ideas Portfolio (Uranium too volatile). Iron ore down again. We have no BHP, RIO or FMG. 17% cash in both the Income and Growth Portfolios.
Strategy Portfolio still fully invested. Waiting for that “One Bad Day”. No sign of it.
The market struggling as banks drop on the back of a Macquarie downgrade
