SUMMARY Markets down for a second day instead of bouncing as usual. Getting a bit ominous but not enough to scare us out of Strategy holdings yet. Bond yields up again, strong retail sales reinforce the “no rate cuts this year narrative”. Geopolitical tensions are short term but not helping. Well positioned for a small…
Wall Street kicked off the week sharply lower, ending near worst levels as tech stocks dragged and bond yields jumped after hot retail sales and rising geopolitical tensions between Iran and Israel. The Dow fell 248 points (-0.65%). Up 404 points at best and down 325 points at worst. S&P 500 erased earlier gains and…
The ASX 200 has dropped 36 points to 7753 (0.5%) on US falls. Banks eased back led lower by CBA down 1.4% with the Big Bank Basket down to $203.73 (0.8%). Insurers fell away as did MQG off 0.8% and GQG off 4.2%. REITs fell too, GMG down 0.8% and SGP off 0.9%. Industrials with a light…
SUMMARY SNAS poised to gain 3%-4%. SFR ready to kick higher on Russian sanctions. Gold and Oil trades well positioned. No change. No change to MQG or FMG One Stock Portfolios.
US markets ended lower on Friday night after US bank results underwhelmed and geopolitical tensions in the Middle East rose. The Dow Jones dropped 476 points (-1.24%), the S&P 500 lost 1.46%, and the NASDAQ slipped 1.62%. Banks earnings season kicked off, JPMorgan fell 6.14%, Wells Fargo edged lower 0.39% after posting profits fell 7%…
Risks mounting?
Fat and Happy at Easter theory playing out.
Big week in commodities.
Usual US Check-Ins.
DTO – Good result this morning up 11%
Not long until Perth Members Meet.
