On THE Couch With Jonathon Higgins Talking Tech Ai and 2024 Themes
Talking ZIP, ABB and two stocks to watch SXE and GNP
Plenty of chatter on Ai too and tech stocks locally.
Trading Section
SUMMARY Bull run not over yet. Markets head higher again. Cash in MQG for now. Iron Ore drifts lower. No change to BHP. BOE and LLC not coming to life yet. Few tech sell signals around. Short term only with the NASDAQ up overnight. MFG forming a nice uptrend after jumping 7.9% yesterday. CTT breaks…
End of Day Report – CBA Hits Record Highs – All About the Banks
ASX 200 finished up 30 points to 7758 (+0.4%) despite the heavy weight of large-cap ex-dividends. Once again, banks leading the way with the Big Bank Basket up to $209.87 (+0.7%). MQG rose 0.8%, and CBA hit record highs up 0.8%. GQG rose 2.8% on FUM news, ASX up 0.8% despite being fined by ASIC.…
Marcus Take Thursday – Normal is Fabulous.
SUMMARY Powell behaved. Bond yields liked it. Relax. The NASDAQ steadied. Tuesday's sell-off didn't develop then. Record highs on US, Australian and European equities, Gold and Bitcoin – Normal? The Anatomy of a Crash. Lessons from 1987. Yesterday's Australian GDP number – anaemic growth means rate cuts are coming. The ex-dividends keep coming. BHP and…
Trading Section
SUMMARY Wall St sells off lead by the NASDAQ. Has the short-term top hit? Daily sell signals from the REIT, consumer discretionary and financial sectors. MQG in cash and coming off the top. No change to LLC and BOE trades. No change to BHP One Stock Portfolio. Markets appearing unimpressed by the latest round of…
END Of DAY Podcast
ASX 200 closes up 9 at 7734 (0.1%), turning positive as GDP number disappoints and hopes for a rate cut brought forward.
Banks in favour.
Marcus Take Wednesday – Big Tech pause, China scepticism, Lithium rally over
Was that the Big Tech Top? Far too early to say. And Nvidia was up. Our Futures only down 10 – a lack of Tech helps sometimes. Cynicism over China’s “meaningless” 5% GDP target. Concerns for Tesla’s and Apple’s Chinese sales. Lithium smashed again – Albermarle exploits the froth. Goldman predicts 25% fall in lithium from here. Short covering rally won’t last. Bond yields conming down nicely. Powell speaks 2am Thursday morning. Bitcoin tops out for a day. Lots of ex-dividends again.
Pre-market Podcast
The Nasdaq Composite pulled back by 1.65%. Apple slips.
Dow lost 1.04%, to 38,585.19.
The S&P 500 dipped 1.02%.
ASX SPI down 10
Members Podcast Wednesday – The pause that hopefully doesn’t turn into a correction
The NASDAQ dropped 1.65% overnight. Lithium stocks cratered again. Bitcoin even peaked. We have gone “Risk Off” for a day.