Market Take
Volatility is back.
US Markets talk a different talk.
The SAHM indicator for recessions.
Happy to be watching from the sidelines.
Pre-Market Report – Apple’s Q3 Results Top Projections, Driven by Services Growth Amid Lower iPhone
US equities kicked off August sharply lower. The market whipsawed to risk-off just a day after the S&P 500 and NASDAQ recorded their best daily performance since February, on Wednesday. The Dow ended 495 points lower (-1.21%). Up 254 points at best. Down 744 points at worst. The S&P 500 lost 1.37%, just one day after…
Henry’s Take – Murder on the Dance Floor
Cutting LRS today with the new rule.
OPT – Going well.
Uranium stock hammered on NXG capex update.
Ausbiz Investment Committee agrees on one thing!
Market Take
FOMO is strong – But is this the start of a new sustained move?
Volatility is back.
The Great Rotation.
Gold and uranium in focus.
End of Day Report – ASX 200 Reaches Record High as Banks Ease; DroneShield Plummets
ASX 200 rallies only 22 points to 8115 (+0.3%) as good times roll. Record high. A slight sell-off in the banks with a tentative rotation to resources. BHP up 0.5% and RIO doing much better up 1.9%. FMG underwhelmed, although up another 0.6%. Gold miners better but still no real frenzy, NST up 0.9% and…
Pre-Market Report – Meta Projects Upbeat Q3 Revenue Following Strong Quarter
US equities rallied overnight, driven by a surge in tech stocks and dovish commentary from Powell. The S&P 500 climbed 1.58%, with six out of ten sectors advancing, led by tech and consumer cyclical stocks. The NASDAQ rose 2.64%, its second-biggest daily percentage gain since February. Buoyed by gains in Nvidia, up 12.8%, on positive sales forecast…