SUMMARY SFR gains 2.1% in an afternoon rally. No change. New uptrend forming nicely. CIA drops at the close. Weak Chinese data points to more stimulus. Iron ore futures rise. KAR drops 1.6%, holding onto most of Friday’s gains. WDS up 1.3% yesterday. Oil down a touch overnight. AD8 up 1.5% yesterday. No change, US…
ASX 200 slipped 18 points to 7999 (+0.2%) as consolidation around 8000 the go. A big divergence again in banks and resources. RIO production numbers failed to launch, and the stock dropped 2.4%, with BHP under pressure too, down 1.4%. FMG showed a small rise. Lithium stocks remain depressed, and base metal stocks also eased,…
It’s what people don’t know that makes you money in the stock market, not what everybody already knows. What everybody knows is in the price. On that basis, it is wasted time poring over history, the known and the numbers. Your best research is going to require a pint of lager, a pair of speedos, a sun bed, a pool, a sunny day and an imagination. Shut your eyes and imagine waking up in twenty years time. What’s different? And how does that affect stock prices?
US markets closed higher on Friday night with all sectors save for Financials in the green. Fresh economic data reinforced the “cuts are coming” narrative and the first investment banks kicked off US reporting season. The Dow Jones gained 247 points, topping 40,000 and narrowly missing a fresh all-time high. The S&P 500 rose 0.55%…
SUMMARY KAR has an impressive session on Friday. WDS up a touch. Lets see if a rising market today can outweigh a fall in oil over the weekend. Iron ore falls, copper mixed. Volatility expected in commodities ahead of a big day for Chinese economic data and the start of the Plenum. No change to CIA…
