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…
SUMMARY Cashing up the Portfolios as big tech has that “one bad day”. Selling IHVV in the Strategy Portfolio. Taking cash level from 60% to 90%. Taking cash level up to ~56% in the Growth Portfolio. Selling MFG and MQG. Selling half of REA, TNE and WTC. No change to the Income Portfolio. RECENT PORTFOLIO…
Happy with 70% cash.
Lithium -Capital preservation in the sector.
The Call on Ausbiz with a new partner.
Reporting season could be weaker.
What is a Pump and Dump Scheme? 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,…
SUMMARY A few RSI buy signals today, can safely ignore them with the S&P 500 down 2.3% overnight. Kicking ourselves for not holding onto SNAS for another two days. Will see how the next few days unfold. CSL and LLC print daily sell signals. There will be plenty more in this section tomorrow morning. Tesla…
Selling IHVV ETF today.
Should Tesla be a Mag Seven Stock?
Harris looks the part
Is the US slowing too much.
ASX 200 down 7 points in range-bound trade as we watch and wait (for what?) The index fell to 7964 (-0.1%), with banks steady, CBA down slightly, the Big Bank Basket at $228.39 (0.1%). Insurers did well, QBE up 0.4% and SUN up 1.3%. REITS got whacked led lower by GMG down 2.1%. Industrials a little…
