US equities snapped a three-day wild rout as investors piled back into the market following recent comments by Fed officials easing US recession concerns. The S&P 500 rose 1.04%, with all major sectors finishing the green, supported by bargain hunters after the index fell into "oversold" territory. The NASDAQ advanced 1.03%, supported by gains in…
ASX 200 bounces 19 points to 7700 (+0.3%) as risks start to recede. Soothing words from a BoJ Deputy helped things along. Banks struggled or we would have been higher. ANZ up 0.2% on a broker upgrade, the Big Bank Basket slid to $217.06 (-0.4%). Insurers did better, and market stocks like GQG also did well. A FUM update from…
Some calm descends.
August is usually a bad month.
Caution and cash rule.
Adding a biotech company to the Portfolio.
Ausbiz Investment Committee.
Wall Street finished deep in the red overnight, hit with a renewed bout of volatility on talks about a US economic recession and a wave of institutions unwinding popular carry trades in Japan. The S&P 500 plunged 3%, its worst daily fall in about two years, down ~8.5% from its peak. The NASDAQ plummeted 3.43%,…
Even with 60% cash it hurts.
Carry trade in focus.
Went too early with GEAR.
Why did the BoJ raise rates?
Uranium stocks get irrational.
ASX 200 bounces 31 points to 7681 (+0.4%) as Japan rebounds strongly. RBA left rates unchanged as expected. Bank bounced hard, with the Big Bank Basket up to $217.86 (+1.4%). Other financials were mixed, MQG gained 1.3%, but NWL fell 0.4%. REITs bounced hard too, GMG up 2.2%, with SGP putting on 0.9%. Industrials firmed,…
