The S&P 500 and the Dow reached record highs overnight, driven by growth and tech stocks following Nvidia's strong earnings and outlook. The Dow Jones rose by 457 points (+1.18%), the S&P 500 gained 2.11%, and the NASDAQ Composite added 2.96%. Nvidia's optimistic Q1 revenue forecast and outperformance in Q4 revenue pushed its shares higher,…
SUMMARY MQG will be interesting today. Upside gain is limited. Bit of relief for BHP with Iron Ore up overnight. Staying in cash. Consumer discretionary with sell signals after WES, ALL, JBH and HVN all fall yesterday. Tech Sector hits a 52-week high. Japan ETFs hit highest levels since inception. WBC and NAB hold at…
ASX closes off highs at 7636 up 32 points (+0.4%). Down 14 points for the week. Chip fever hit hard today with BRN, WBT and AXE all making extreme moves, Banks were firm yet again, NAB up 1.1% the best, and the Big Bank Basket up to $202.92 (+0.5%). MQG running 0.6% higher. Insurers firmed,…
Investing is easy, just buy Nvidia.
Fedspeak suggests the Fed is in no hurry.
PLS results in focus.
DMP- Change of mind.
Retail winners/losers.
ASX closes off highs at 7636 up 32 points (0.4%).
Chip fever hit hard today
ASB sinks. Gold tanks.
WDS sells down Scarborough
We are over the hump of results with this day going down in history as Nvidia adds the market cap of Netflix in one night
Nvidia up 16% – A Lesson in Bubbles. Block up 11% after hours on results in the US. Upgraded guidance. Australian stock market looking “so 1980s”. Stocks covered today – FMG, NST, PLS, MPL, QAN. We only hold MPL. Main Results expected today – SQ2, NEM, BXB, LTM, LYC, SFR. The China Problem – manipulating their stock market.
As of November 3 2023 we are back in the market. We have had a fabulous year so far, up 26% against the All Ordinaries index up 1% – we’ve achieved that largely thanks to a very well-timed trade in the FANG and NASDAQ (NDQ)
ASX 200 rose 3 points today to 7611 as Nvidia and results were the focus.
Super Thursday. QAN down 6.8%. LOV up 10.4%
CSR Bid.
