US equities ended mixed overnight. The S&P 500 and NASDAQ rose 0.27% and 0.88%, closing at record highs for a second consecutive session, pushed higher by Apple gaining 7.3% after it unveiled new AI features meant to boost demand for iPhones. Trading lower all session, the Dow fell 121 points (-0.31%), down 422 points at…
SUMMARY Not much to report. Apple up 7% keeps Big Tech going. Resources not looking good again today. Uranium our only exposure. Waiting for the CPI, FOMC and RBA. Interest rates getting boring. Australian Jobs numbers and Chinese CPI today. Education Corner – There are a lot of things that will waste your time. MARCUS…
Will 7700 hold? Time for GEAR?
Sold KGN yesterday. WBT still for the chop.
How do you know when a boom is about to bust?
Another down day as we await the US CPI this evening and the FOMC Meeting tomorrow morning
ASX 200 lost another 40 points to 7716 (-0.5%) ahead of Fed meeting and US CPI. Once again, resources were the biggest culprits as iron ore remains under pressure, BHP fell 0.6%, and RIO off 1.5% with base metals falling, S32 continues to soften down 0.8%, and PLS falling 2.9%. Uranium stocks on the nose as…
TIME We are all flying through life. Busy busy busy. Important things to do. So very important. Can't talk, can't stop, can't go, can't come, can't make it, can't do it. Busy. We all have our own reasons. I write an average 6600 words a day, 250 days of the year. That's 1.65 million words…
SUMMARY Oil stocks give up morning gains indicating buyers are staying on the sidelines. Still not time to buy. If it’s dug out of the ground chances are it fell over yesterday. A look today at the Iron ore giants. SUL in the headlines today. Share price recently bottomed. GUD breaks out of its pennant…
Dull stuff here as the US hits record highs. Strategy Portfolio still loving the US rally. Big week for data – FOMC and US CPI. RBA next week. When will Big Tech top out? Thoughts on that. Education Corner – Sentiment versus value.
