The ASX 200 finished a quiet session down 10 points to 8206 (-0.1%) again rallying off early lows as banks were back in fashion. CBA up 1.2% with the Big Bank Basket up to $246.15 (+1.0%). Financials firmed, QBE bounced back up 0.6% and GMG up 0.3% although REITs flat generally. Healthcare was mixed as CSL bounced a…
Wall Street closed in the red overnight as rising treasury yields pressured tech stocks and concerns over rate cuts weighed on the indexes. The S&P 500 broke below 5,800, down nearly 1% falling for its third consecutive session and its worst day in a month. The Dow ended 410 points lower (-0.96%) weighed down by…
US equities finished mildly lower, but the NASDAQ managed to eked out a small gain of 0.18% as the market awaited more earnings reports. The Dow lost 7 points (-0.02%) in a choppy trading session. Up 109 points at best. Down 213 points at worst. The S&P 500 saw its first back-to-back drop in six…
The ASX 200 finished a quiet session giving up early modest gains to close up 10 points at 8216. A mixed session, banks are holding firm with the Big Bank Basket up to $243.79 (+0.3%) with insurers easing as QBE fell 0.4% under an ASIC spotlight. REITs mixed on bond market yields. GMG down 0.6% and…
US equities finished mixed overnight. The Dow ended near session lows, down 344 points (-0.80%) retreating from Friday's record-high close. Up 35 points at best. Down 398 points at worst. The S&P 500 also fell from its record high, down 0.18%. The S&P 500 hasn’t suffered back-to-back losses in ~30 sessions, marking one of the…
ASX 200 fell hard 139 points to 8206 (-1.7%) as selling hit all sectors. Closed near lows. 10-year bond yields rose again to 4.43%, with interest rate-sensitive stocks suffering the most. The Big Bank Basket fell to $242.99 (-2.0). CBA off 2.2% and NAB down 2.1%. REITS under pressure, GMG down 2.7% and SCG off…
THE WEEK THAT WAS For the week, the ASX 200 rose 69 points. Not a bad week considering. The jobs number did steal some of our Mojo. 4.1% pretty much killed the slight hope of a rate cut from the RBA. It was never really on the cards anyway. Better than expected US data also…
Adam talks some very interesting stock picks. No wishy-washy stuff here with high-conviction sectors and specifics. Sit back and enjoy.
Wall Street ended mixed following stronger-than-expected retail sales data. The Dow gained 161 points, clocking its fourth-record close in the last five sessions. The S&P 500 eased 0.02%, paring earlier gains which saw the index touch a fresh record intraday high. The NASDAQ notched a 0.04% gain, while small caps Russell 2000 lost 0.25%. US…
