Henry’s Take – Harry Kane Scores Again with APM
Harry Kane slots home with APM bid at 145c.
ASX 200 heads to 7800.
The Upcominng Crash!
US Check Ins. GDPNow shows a slow down.
PRE-MARKET REPORT
US markets closed mostly higher on Friday night following the much anticipated PCE results. The Dow Jones rose 575 points (+1.51%), registering its biggest daily percentage gain since November. The S&P 500 gained 0.80%, all sectors higher and the NASDAQ finished near flat. The Dow outperformed after a 7.5% bounce in Salesforce (it fell 19.7%…
Trading Section
SUMMARY Cleared out all trades last week. Neither LNAS or SNAS look to be making money at the moment as the NASDAQ is up one day, down the next. New week, new season. Looking for some fresh Ideas.
END Of DAY Report
The ASX 200 jumps 59 points to 7761 (+0.8%) as US leads give a positive start to the week. Banks as usual leading the charge higher, the Big Bank Basket up to $210.96 (+1.6%). WBC jumping 2.5%. MQG is up slightly with insurers doing well, QBE is up 2.6%, and SUN rallied 1.3%. REITs strong too, GMG…
Henry’s Weekend Take
THE WEEK THAT WAS As usual, there was plenty going on. The BHP/ Anglo situation was front and centre of my mind. I remain a fan of BHP and have written plenty on the bid this week, so there's no point raking over old coals. BHP is simple: buy at $40, sell at $50. It…
Marcus Weekend
SPI Futures up 38. We survived the US PCE Price index number which was in line with expectations and has gone through to the keeper. The month on month number was slightly better-than-expected. Bond yields dropped a touch. The chance of a US rate cut in September rose from 50.5% to 53.2%. Yawn. Dow Jones…
Overnight Friday
Wall Street closed mixed following PCE results. The Dow Jones jumped 575 points (+1.51%), registering its biggest daily percentage gain since Nov-23. S&P 500 broke 5,200 before rallying above that level as every sector rallied, gaining 0.80%, and the NASDAQ slipped 0.01%. For the week, Dow fell 384 points (-0.98%), S&P 500 -0.51%, and NASDAQ…