The ASX 200 has finished the day down 69 points or 0.8%. Selling set in from the open and continued all session long. The 11:30 inflation print did little to move the dial, showing a 0.2% rise in the September quarter and falling from 3.8% to 2.8% YonY. The smallest yearly rise since Q1 2021.…
Wall Street closed mixed overnight. The NASDAQ outperformed, hitting a record high for the first time since July. Gaining 0.78% as big tech stocks boosted the index. Alphabet jumped 5.2% in after-hours trade after topping Q3 revenue and earnings expectations. The Dow fell 155 points (-0.36%) as the market digests a bevy of corporate and economic numbers. Up…
ASX 200 closed up 28 points to 8249 (+0.3%) locking in its third consecutive day of gains. Consumer discretionary stocks took centre stage today with MYR falling 1.55% after initially rallying ~7% and PMV advanced 9.9% after the two companies announced they’ve entered a binding agreement to combine apparel brands. Conversely, luxury retailer CTT plummeted 17.3%, on a…
US equities kicked off the week on a positive note ahead of the busiest week of corporate earnings. 169 companies are set to report. The Dow added 273 points (+0.65%), shrugging off losses in Boeing (-2.8%) after the company launched a stock offering that could raise up to $22bn. The S&P 500 gained 0.27% though energy…
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Good Morning Everybody. Today is the anniversary of the bottom of the markets on October 26 2023. That “Big Pivot Point” last year saw us go from 100% cash to 100% invested in a day. We need those big pivot points – you can't time the market if it's not doing anything. We are at…
US equities ended mixed overnight as the Dow dropped 259 points (-0.61%), the NASDAQ rose 0.56%, and the S&P 500 remained flat. Financial stocks came under selling pressure amid concerns over New York Community Bancorp's weak guidance, causing its shares to fall 8.2%, with Bank of America and Wells Fargo also lower, down 1.8% and…
The ASX 200 limped into the weekend up only 5 points to 8211, closing out the week down 0.87%. Banks solid again with CBA up 0.4% and the Big Bank Basket at $246.82 (+0.3%). Insurers were mixed, REITs slid, SGP down 1.2% and GPT off 0.6%. Industrials also weaker, Defensive supermarkets sold off, WOW and COL…
US equities ended mixed, with the S&P 500 and NASDAQ gaining 0.21% and 0.76%, buoyed by gains in Tesla rallying 21.9%, its biggest rally since May 2013, following strong earnings and bullish forecasts. The Dow lost 141 points (0.33%) posting its fourth consecutive day of losses, its longest losing streak since June. Up 8 points…
On the broking desk some years ago, it must have been a slow day, one of my colleagues asked the question, “What’s the best way to lose $5,000 in the stock market?” You might be interested in the many replies. Here are some of the more sensible ones. They included: Start with $10,000. Try to…
