SUMMARY Sold NST yesterday. Gold down and bond yields up overnight. Good. No change to the other trades. Raising EOS stop loss again. WDS doing well. Interesting technical signals everywhere you look today. Iron ore giants and lithium rally from midday lows to close near flat. Printing bullish candles in the process. A few hours…
SPI Futures down 85 as we worry about yesterday’s CPI. Good Comment – Australia will be “highest for longest”. Last two days to do any tax loss selling. Nvidia Directors sell. Micron down 6% on late results. Lithium bounces the moment we sell small cap lithium exposures. 36 REITs and infrastructure stocks ex-dividend today. Presidential Debate – Biden’s Mum would be worried about him. Be nice Donald. Education Corner – ETF Basics Videos Part II
The ASX 200 has finished the day down 23 points (-0.3%) to 7760, staging an impressive 106-point turnaround. The recent CPI induced spike in bond yields triggered an excuse for a morning sell-off. Tech was the best performing sector, supported by a solid lead from the NASDAQ. WTC rallied 4.1% from a morning low (94.41)…
This is a chart of the performance of the Australian market (All Ordinaries index) relative to the US market (S&P 500 index) since 1980. It highlights a few things: Australia outperforms when the US falls. The Australian market is more defensive. Though you'd never buy Australia to perform less well in a market sell-off. Cash…
This is a 5 part video series we did as a marketing exercise for social media to pull Free Trials. You might enjoy them as well. Just a few basics about ETFs – Exchange Traded Funds INTRODUCTION TO ETFS ACTIVE VERSUS PASSIVE SOME OF THE BEST ETFS WHERE TO FIND OUT MORE ABOUT ETFS HOW…
PORTFOLIO CHANGES Selling all uranium exposure: BOE, EL8, DYL. Selling all lithium exposure: LRS, LTR and PMT. SUMMARY Cutting losses in uranium and lithium in Henry's Portfolio today. New CFO at HCH. KAR coming back to life. Lithium and Uranium pummeled… again. Announcements from DEG and BOE. SMALL CAP PORTFOLIO Boss Energy (BOE) – Positive drill…
ASX 200 tumbled 56 points to 7783 (-0.7%), giving back some of yesterday’s gains following hotter-than-expected inflation data. Inflation rose 4.0% YonY in May, faster than April's 3.6% and above consensus of 3.8%. Aussie dollar jumped 0.6% to 66.86c, hitting a two-week high, and the 10Y yield and 2Y yields jumped 10bp and 18bp. Most…
The CPI number has come in higher than expected, dropped the ASX 30-40 points and popped bond yields and the dollar
Another floppy start.. US equities ended mixed overnight. The NASDAQ rallied 1.26%, buoyed by gains in chip stocks and Nvidia, up 6.8% bouncing back from a three-session sell-off. The S&P 500 rose 0.39%, snapping a three-day losing streak, while the Dow tumbled 299 points (-0.76%). Up 12 points at best. Down 414 points at worst. US Treasury yields finished near flat line. During trade, the yield curve inversion between the 2Y and 10Y notes deepened to more than 50bps for the first time this year before reversing after strong demand at the 2Y auction nudged that yield off its high. In economics, the US consumer confidence index eased in June amid worries about the economic outlook.
