Wall Street finished higher overnight ahead of inflation data tonight. The Dow Jones closed near session highs, up 432 points (+1.03%). Up 482 points at best. Down 87 points at worst. S&P 500 advanced 0.71% fast approaching 5,800 level, while hitting its 44th record high this year. Tech-heavy NASDAQ rose 0.60% buoyed by gains in…
ASX 200 rose 36 points to 8223 (+0.4%), well off the early highs despite a rally in resources with Asian markets back in the green. BHP up 1.4%, RIO up 1.4% and FMG rallying hard up 4.0%. Lithium stocks in demand following the LTM bid, up 38.8%, PLS up 2.5% and MIN bouncing 6.8%. Gold…
I received an email once. Email: ''Hi, i am a student at XYZ University [name removed to protect the guilty]. I'm interested in doing an internship at your company. Just wondering who or where i can send my CV and cover letter? Kind Regards ABC'' My reply: ''Sorry ABC but I'm afraid we cannot accommodate…
This is Caesar's Palace – a monument to losers. Las Vegas houses some of the world's most magnificent hotels. The Wynn, the Encore, the Bellagio, the Venetian, the Palazzo, the Palms, the Trump Hotel, the Aria, the Mandarin Oriental, the Mirage, the MGM Grand and Caesars Palace, to name just a few. And Caesars Palace in…
A BULL MARKET HIDES A LOT OF SINS When a market goes up, almost every investment approach will work, and people like me can safely sell almost any old theory on how to make money in the stock market without being wrong. When the market goes up, there is room for all, for both value…
ASX 200 rose 11 points to 8187 as an early rally was snuffed out by weak Chinese markets. Banks good. Resources bad. The Big Bank Basket rose to $234.34 (+0.5%). CBA up 0.5% as a defensive play, Insurers better too, ASX rose 1.4% and SQ2 did well on a BNPL sector upgrade, up 4.4%. REITs…
US equities bounced back overnight recovering the previous session's losses buoyed by gains in tech stocks. The Dow added 126 points (+0.030%). Up 174 points at best. Down 80 points at worst. The S&P 500 is up 0.97%, within striking distance of its all-time high, and the NASDAQ gained 1.45%. Chipmakers led gains, with Nivida…
ASX 200 rose 11 points to 8187 as an early rally was snuffed out by weak Chinese markets. Banks good. Resources bad. The Big Bank Basket rose to $234.34 (+0.5%). CBA up 0.5% as a defensive play, Insurers better too, ASX rose 1.4% and SQ2 did well on a BNPL sector upgrade, up 4.4%. REITs mixed, GMG down 1.4% and SCG up 0.3%. Industrials firmed, TLS up 1.3% with REA up after AGM comments.
All three major US indexes finished in the red overnight as treasury yields rose while bets that the Fed will hold rate cuts steady at the next FOMC meeting jumped to 13.7% up from 2.6% just one day ago. The Dow Jones ended just off worst levels, off 399 points (-0.94%). Down 521 points at…
ASX 200 reversed early gains on Chinese disappointment falling 29 points to 8177 (0.4%) as resources stumbled and banks pushed higher. The Big Bank Basket rose to $233.26 (+0.3%), Insurers were under pressure, QBE was down 2.4% on Hurricane exposure, and IAG was up 0.3%. Financials weaker, SOL down 0.6% and SQ2 off 1.7% with…
