Pre-Market Report – Fed Rate Cut Appears Likely as US Inflation Broadly Decreases
Wall Street ended mixed overnight. Bets that the Fed will cut rates earlier rose on softer-than-expected inflation data sending bond yields tumbling and driving a rotation out of big tech. The NASDAQ fell 1.95% hit by losses in Nvidia -5.6%, Tesla -8.4% and Apple -2.3%, ending its seven-day streak. S&P 500 eased 0.88%, snapping its…
End of Day Report – Uranium Miners See Broad Gains as Nuclear Fuel Prices Rise
ASX 200 kicked towards all-time highs, up 73 points to 7890 (+0.9%) as rate cuts seem to be back on the agenda. US CPI tonight and some caution creeping in. As usual, the banks led the charge higher, with CBA hitting a new high, the Big Bank Basket hitting $223.09 (+0.7%). Insurers continue to push higher…
Trading Ideas
SUMMARY Iron ore down 3.8% last night, yet Materials and Tech lead Wall St higher. Keeping CIA a little while longer. No change to SFR. Gains in big tech will reinforce the future energy, electrification positive sentiment. KAR and WDS mixed yesterday. Oil up 0.7% overnight after a large draw in crude inventories. AD8 poised…
Pre-Market Report: Nvidia Propels Nasdaq and S&P 500 to New Records; S&P 500 Breaks 5,600 Barrier fo
Wall Street finished strongly higher overnight, ending near session highs fuelled by gains in heavyweight tech stocks. The S&P 500 rose for a sixth consecutive session, up 1.02%, topping 5,600 for the first time in history. The NASDAQ advanced for its seventh straight record-high close, up 1.18%. The Dow popped 429 points (1.09%). Up 444…
Sophisticated Investors Explained
I once gave a talk at the Australian Shareholders Association conference and, coming off stage, met a lovely couple who told me that they had been offered the opportunity to invest in a ‘wholesale’ fund where the returns were much better than a retail fund but that in order to do that they had to…
Candlestick Charts Explained
A brief explanation of candlestick charts. A line chart plots the closing price of a stock – this is a daily chart so it shows the closing price at the end of every day – with one data point a day. These charts can be Hourly, Weekly, Monthly, Yearly, by the second, 1 minute, 10…
Pre-market Podcast – By Marcus
SPI Futures down 41. Powell not as Dovish as hoped but not Hawkish. Lithium belted overnight. Resources flat. Banks hit record highs yesterday. Great article on ‘Candlestick Charts Explained’ in the newsletter for Members today.