Market Take
IHVV sold in Strategy Portfolio.
US sends more confusing signals – GDP beats at 2.8%
The Big Rotation continues.
Where is the Ai revenue?
Trading Ideas Section
SUMMARY Not as many sell signals as expected today. A look at the ASX200. No buy signals of note (unsurprisingly). Two of the least volatile stocks in the All Ords print daily sell signals. TLS is back within its multi-year trading range. Yielding 6% and forecast to rise to 7%. FMG is battered 5.5% yesterday.…
Henry’s Take
Plenty of cash – A shopping list in golds.
Ausbiz trading preview.
EOS – Update
No Cash Here – How much we spend on surcharges!
End of Day Report – Iron Ore and Lithium Stocks Bounce Back
ASX 200 rallies 60 points to 7928 (+0.8%) as iron ore rallies and China throws some money at stimulus. The ‘Three Amigos’ all spurted ahead, BHP up 2.2%, RIO jumps 2.8%, and FMG more muted post quarterly only up 1.0%. Lithium stocks got a lift from EV stimulus, PLS up 3.8% and MIN up 3.5%…
Henry’s Take
Happy with 70% cash.
Lithium -Capital preservation in the sector.
The Call on Ausbiz with a new partner.
Reporting season could be weaker.
Pre-Market Report – S&P and Nasdaq Hit Multi-Week Lows Amid Weakness in Tesla and Alphabet
Wall Street plunged overnight due to a broad tech sell-off as lacklustre earnings from Tesla and Alphabet undermined market confidence in megacap tech names. The S&P 500 fell 2.31% its worst day since December 2022, ending its best stretch without a 2% drop since the start of the 2008 global financial crisis. The NASDAQ fell…