Overnight Friday

Wall Street closed out the week on a positive note after stronger-than-expected jobs data demonstrated a resilient US economy bolstering soft landing hopes. The Dow posted a record closing high, finishing 341 points higher (+0.81%). Up 350 points at best. Down 39 points at worst. Tech-heavy NASDAQ rose over 1% and the S&P 500 rose…

The Richest Man In England

I once went out with the richest man in England. Not in the biblical sense of course, and after a few bottles of something expensive he expounded his somewhat brutal assessment of life and business. I took notes. Here is the potted version. Do not try this at home.  Think beyond the square. Set an…

End of Day Report

ASX 200 slips 55 points to 8150 (-0.7%) off lows as we head into a crucial weekend. US Jobs data and Middle East the focal points. ASX 200 down 0.8% this week. Banks came off again, The Big Bank Basket fell to $228.95 (-1.5%). MQG off 0.7% with WBC off 1.9% and Insurers holding firm,…

Pre-Market Report

US equities ticked lower overnight ending near worst levels in a choppy day of trading. The Dow Jones traded in the red all session ending 185 points lower (-0.44%). Down 349 points at worst. S&P 500 fell 0.17%, and the NASDAQ dipped 0.04%. Small caps underperformed, the Russell 2000 dropped 0.68%, and the VIX, Wall…