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…
THE WEEK THAT WAS Two days back, the market is racing ahead—All-Time highs, banks leading the charge—again. On Friday, I wrote that CTT could be one to watch for a bounce. And so it came to pass—up 13%. I dithered as I have not got my feet under the table yet, but it was clearly…
Wall Street ended the week on a positive note, with gains across all major indices. Fresh economic data reinforced bets that the Fed will cut rates in September, and banks kicked off the start of the US reporting season. The Dow traded higher all session, topping 40,000, narrowly missing a fresh all-time high, up 247…
All of this weeks Marcus Take podcasts in one place!
Good Morning Everyone. The ASX 200 hit a new all-time high on Friday after jumping 140 points in two days. That was driven by a better-than-expected US inflation number which drove the US markets to record highs (again and again) as well as the Australian bank sector, which was up 3.54% last week. A rather…
I had an email from a financial adviser. It said: “If you can show me that market timing has produced superior results compared to something as simplistic as buy and hold over a 10 plus year time frame I’ll be shocked and very impressed. Should you have such results you might also wish to share…
Back on deck – Thoughts on QAN
Lots of cash now.
Banks have been the stars.
Resources have been woeful,time to buy perhaps?
The finance industry is a Matrix, and like the Matrix, everyone who enters the Matrix is brainwashed with a lie, lies, lies that preserve the existence of the Matrix.
The main lie is that you will improve your standard of living by investing in a diversified portfolio of asset classes over the long term by doing nothing.
That lie includes selling stock market mantras like these:
