Henry’s Take – BHP Bids Again – Copper Drops – Fed Minutes
Happy to buy good stocks on pullback
BHP bids again. Copper drops.
Remember 7 rate cuts forecast?
Commodities fall hard on Fed comments.
Pre-Market Report
US markets closed down overnight as Fed meeting minutes weighed. Nvidia released results after the bell and spiked 7%. The Dow Jones fell 202 points or 0.51%, flat at best, down 314 at worst. The S&P 500 lost 0.27% and the NASDAQ finished near flat. Down 0.18%. Minutes from the last Fed meeting showed policy…
Marcus Take Thursday – Resources take the market lower – Big Tech holding up on the Nvidia results
We survived – Nvidia up 7% in after hours trade. Good guidance. Fed Minutes didn’t impress – but a few things have changed since. BHP down 4.7% in US – put up or shut up. Happy-go-lucky bull market – enjoying it until its last.
END Of DAY Report
The ASX 200 falls 36 points to 7812 (0.5%) off the session lows as defensives rallied hard. NASDAQ futures improved helped by Nvidia results a positive. Healthcare and supermarkets did well. CSL up 1.4% with RMD rallying 1.0% and COH up 1.6%. WOW and COL also bucking the trend with WES continuing to fall. TLS managed a 1.2% rally…
Marcus Take Podcast – Thursday – Resources down, Nvidia up
Today we compare the Australian market to the S&P 500 and make some conclusions.
Trading Section
SUMMARY Was stopped out of JLG yesterday. Sold at $5.68. Disappointing performance. LNAS bet looks to start paying off. Nvidia up 6% afterhours. Time will tell if it galvanises the sector. SQ takes another hit in the US, hopefully Nvidia results will mitigate the damage. Bitcoin near flat overnight. Opening update: Has opened below stop…
Marcus Take Podcast Wednesday – Waiting for Godot
Waiting for the Nvidia results and the Fed Minutes – TLS downgrades, WEB splitting up, bull market conditions
Marcus Take Wednesday – Bull market conditions – let’s hope nothing upsets that
Fully invested in all portfolios – Fed Minutes tonight – Nvidia results tomorrow morning