Pre-market Podcast – By Marcus
SPI Futures up 29 – Big Tech firing – Strategists upgrading S&P 500 targets – Big FMG placement
Pre-Market Report – US Lawsuit Targets Adobe, Alleging Hidden Fees and Difficult Cancellation Proces
US equities kicked off the week on a positive note. The S&P 500 rose 0.77%, hitting its 30th record high this year. The NASDAQ advanced 0.95%, marking its sixth consecutive record high, buoyed by gains in large tech stocks. The Dow Jones gained 189 points (+0.49%), ending just off best levels. Up 251 points at best.…
End of Day Report – RBA Holds Rates at 4.35% as Expected.
The ASX 200 has finished the day up 78 points (1%) to 7778, closing near the high. The RBA’s decision to hold rates passing unnoticed by the market. Bond yields did respond, the AU2Y rising 5bp on the announcement and subsequent Michele Bullock press conference. The Utilities sector was the star performer thanks to a…
Trading Section
SUMMARY EOS clings to life in our trade. $1.20 support holds for now. With Wall St higher an uptick is more likely than not. WDS closes right on its $27 support level. WTI up 2.4% overnight will help. The commodities sell-off continues. Everything from iron ore to copper, lithium and uranium. A look at BHP.…
Pre-market Podcast – By Marcus
SPI Futures down 17 this morning – this week the focus is on the RBA tomorrow although its pretty clear what they’re going to say
Henry’s Take
SUMMARY No change to Small Caps Portfolio. Will keep you updated on any significant announcements or changes while Henry is away. DXB kicking the lights out. Up 19.4% last week. Lithium remains under pressure. LRS, LTR and PMT all had a bad week.
ASX Today
COMPANY AND ECONOMIC NEWS Sigma Healthcare (SIG) has its underwhelming consensus recommendation retained following news of ACCC scrutiny towards its proposed merger with Chemist Warehouse. Opinions are skewed to the risky side, the majority of brokers think the company will not be able to address all the ACCC concerns. The main problem is raised by…
End of Day Podcast – By Marcus
Waiting for the RBA tomorrow although its pretty obvious what they are going to say and do. There are 7 Central Bank Meetings this week.
Trading Section
SUMMARY Gold up on Friday night, will see if EVN and NST can came alive. Oil flat, more patience with WDS required. Not doing any harm yet. No change to AD8 or EOS. Keeping a very close eye on EOS. Tempted to add BOE. Has had a two day bounce off support. Will give it…