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.
Henry’s Take
Added more gold exposure in BGL yesterday.
PSQ gets a knock-out bid.
CZR remains of interest despite delays.
Uranium bounce.
Results season thoughts.
Pre-Market Report – Sluggish Cloud Growth at Microsoft Points to Delayed AI Payoff
Wall Street finished mixed as mega-cap tech stocks extended their losses in late trade as Microsoft’s results fuelled concerns over AI. The Dow advanced 203 points (+0.50%) with gains in major banks offsetting losses in Merck -9.81% and Procter & Gamble -4.84%. Dow up 326 points at best. Down 11 points at worst. S&P 500…
Henry’s Take
Gold the focus and not just in Paris
Idea of the Day- BGL – Opportunity Knocks. Again.
OPT pullback – could be worth a look
End of day Report – Inflation Meets Expectations, Alleviating Concerns of Imminent Rate Hike
ASX 200 has finished the day with a huge rally up 139 points or 1.8% to 8092. It’s best session since November 2022. All major sectors closed in the green after an after-hours chip stock bounce in the US combined with a mid-morning inflation numbers boost (+1% QonQ in line with expectations). Rate-sensitive Technology was…
Market Take
Microsoft makes it three from seven.
Not quite tempted into SNAS.
US Reporting season sees volatility continue.
Is the Great Rotation over or just slowing?