Wall St finished the week lower on Friday night as the US presidential debate prompted new political uncertainty, outweighing easing inflation data. The S&P 500 fell 0.41% after touching a fresh intraday record high of 5500. The Dow Jones eased 45 points. The NASDAQ lost 0.71%, while the Russell 2000 found buyers, up 0.46%. For…
Morning All – SPI Futures down 35 – We have a week of politics, Powell speaks, Independence Day, RBA and FOMC Minutes, US Jobs numbers, and today’s the day to think up what Post-It Notes you need on your trading screen for the year ahead 🤔
ASX 200 down 17 – Resources up a bit, Banks down a bit. Coal stocks flying as Anglo American underground mine shut in by fire for months. Election uncertainty this week. Holiday week in the US.
SUMMARY Earliest Category 4 hurricane on record developing in the Caribbean. Keeping an eye on the oil price. Political uncertainty abounds in the US, UK and France. French Election going as expected. UK Election on Friday morning our time. Independence Day Holiday on Thursday – US market closes early – a holiday week in the US. Waiting…
The ASX 200 has started the week down 17 points (-0.22%) to 7751 as Tech, Health Care and Banks weighed on the index. WTC sold off all day, down 5.2%. MAQ off 3.5%. PME hammered 5.3%, its worst day since the February results drop. RMD and COH down 1.7% and 2.9%. Banks finished mixed but…
SUMMARY No changes to the Trading Section today. US inflation data not causing any spikes in the Gold price. We sold out of NST and EVN last week. Keeping an eye on AD8, it remains close to its stop loss. WDS and TWE plugging along, awaiting the next catalyst. EOS in for another solid week with luck.
It’s the end of the financial year, and there are just a few tiny messages that would have made the last year fantastically successful, including, of course, “Buy Big Tech”, but also (surprisingly) “Put all your money in the Banks”. On the flip side “Don’t bother with Resources” and “Don’t touch anything to do with…
US equities waned on the last trading day of June as markets digested the latest economic data. The S&P 500 fell 0.41% after touching a fresh intraday record high of 5.5k. The Dow Jones eased 45 points. Dow up 280 points at best. Dow down 227 points at worst. The NASDAQ lost 0.71%, while the…
Waiting for the US inflation number tonight – ETFs going ex-distribution – some strategists talking recession
