THE WEEK THAT WAS After the market rallied on Friday, the question is whether this week was just a tremor or just a little bit of summer silly season fun, with increased volatility and the Great Rotation continuing? Some perspective on the US market perhaps is required. For the week, the Dow was up 0.7%.…
All of this weeks podcasts in one place.
US equities close out the week on a positive note recouping some ground lost earlier in the week, boosted by inflation data raising optimism for a September rate cut. The Dow rallied 654 points (+1.64%), buoyed by gains in 3M up 22.9% its largest daily gain in decades after it raised the lower end of…
By Henry Jennings Buffett’s favourite Bubble Measure Warren Buffett's favourite measure of bubbles in the stock market is the "market capitalisation to GDP ratio," often referred to as the "Buffett Indicator." This ratio compares the total market capitalisation of a country's stock market to its gross domestic product (GDP). Buffett has noted that this ratio…
By Henry Jennings A report this week that ASIC is looking at prosecuting four individuals involved in a Pump and Dump scheme. I was asked on 2GB to make a comment on it. My inquisitor asked why it was any different from me( or any fund manager) on TV or radio, talking about a stock that I want to…
By Henry Jennings An American Depositary Receipt (ADR) is a financial instrument that allows U.S. investors to invest in foreign companies without dealing with the complexities of international trading. ADRs are issued by U.S. banks and represent shares of a foreign company that the bank holds in its home market. Here are some key points about ADRs:…
By Henry Jennings We spend a lot of time talking SPI futures but seem to be oblivious to when and how these contracts expire and the mechanism for the settlement. Index Futures are cash settled.Very important consideration for the big banks that are arbitraging futures versus physical stocks. Important in that at expiry your hedge is cash not the…
By Henry Jennings Many members ask how the closing match out works. It can be confusing. The significance of the match out is liquidity. Many funds use the match out as it does provide a depth of liquidity and transparency that may not be present during trading hours in the stock. There are also what…
