Marcus Take Podcasts This Week
All of this week’s Marcus Take Podcasts in one place.
Overnight Friday – Non-Farm Payrolls Higher than Expected
Wall Street finished in the red overnight in choppy trading, following stronger-than-expected jobs data that prompted concerns that the Fed would wait longer to cut rates. The Dow lost 87 points (-0.22%). Up 219 points at best. Down 134 points at worst. S&P 500 off 0.11%, and NASDAQ retreated 0.23% with all megacaps but Apple…
Share price = Sentiment + Value
You might be aware in the Crypto space that there is a high correlation between Bitcoin and the NASDAQ. The correlation is logical. Bitcoin has no fundamentals, it is priced on sentiment alone. It is, unlike almost any other price, based 100% on sentiment. And the NASDAQ index is the embodiment of the rolling US…
Pre-Market Report – ECB Cuts Rates by 25 Basis Points
US equities and bonds took a breather overnight ahead of key non-farm payrolls data tomorrow. The S&P 500 and NASDAQ were little changed, edging lower by 0.02% and 0.09% retreating from yesterday's record highs. Both touched fresh intraday highs before tech stocks slipped, weighing on the indices. The Dow Jones eked out a small gain, up…
Trading Section
SUMMARY Falling bond yields fuel fresh momentum into GMG. Hit a record high yesterday. KGN opens higher yesterday before closing on a long-term support level. TNE hits a record high. Up 13% in 2.5 weeks since adding it back to Growth Portfolio. No relief for SPK yet. Hovering slightly above the recent four-year lows. MEZ closes…
Pre-market Podcast – By Marcus
The ECB cuts rates, Canada cuts rates, Jobs numbers tonight, Market closed on Monday
Henry’s Take – Time to Take Some Profits in GEAR
Added two lithium plays yesterday
Does it matter if central banks don’t cut? Who sets your mortgage rate anyway?
GQG knocks the lights on FUM
End of Day Podcast
ASX 200 pushed 38 points higher to 7860 (+0.5%) for a third day of gains. Up 2.1% this week. Today resources took up the running, the Three Amigos of Iron ore kicked higher, BHP up 1.1%, and FMG rallying 1.3%.
Marcus Take Podcast Friday – Big Tech popping with Bond yields dropping
The lull before the Jobs Number tonight – hopes for a good one as rates keep dropping and Big Tech keeps popping.
Marcus Take
SPI Futures up 18 – Low volume last night. Jobs tonight – predictions of a weak number. Canada Cuts, the ECB cuts – Will Australia cut? No. The Wall of Money – a 3-5 year bull market. ASX closed Monday.