Marcus Take Wednesday – Bull market conditions – let’s hope nothing upsets that
Fully invested in all portfolios – Fed Minutes tonight – Nvidia results tomorrow morning
Trading Section
SUMMARY S&P 500 notches another record high. Close to overbought. Oil takes a hit. Brent down 1.4%. Will see how BPT holds up. Good day yesterday. SQ down in the US. NASDAQ up a touch. Raising stop losses for LNAS and SQ2 slightly. Tesla jumps 6.7% while global lithium stocks fall. Anyone’s guess which direction…
Education Corner – The Problem With Fundamental Analysis
There is a truth in the stock market that you will not find many brokers or fund managers admitting to. It is this: Fundamental analysis only works on certain companies. Meanwhile, there is a sub-world of stocks without solid fundamentals (XRO, PDN, NXT), without earnings even, that defy fundamental analysis and you all need to…
End of Day Report
ASX 200 fell 4 points today to 7848 as we await Nvidia results in US. Mixed session all round. Banks were slightly higher with ANZ up 1.1% and the Big Bank Basket up to $211.98. MQG rallied 1.3%, with insurers doing well too, QBE up 1.1%. GQG had a good day, up 6.3% on a…
Marcus Take Podcast Wednesday – Waiting for Godot
Waiting for the Nvidia results and the Fed Minutes – TLS downgrades, WEB splitting up, bull market conditions
End of Day Report
The ASX 200 has finished the day down 12 points (-0.15%) to 7852. Holding onto most of yesterday’s gains and still within 1% of the all time high. Tech performed best following the NASDAQ higher. WTC (+0.7%) and TNE on results (+4.6%) leading the sector. Industrials were next as BXB, CPU, SVW all gained around…
Pre-market Podcast – By Marcus
Quiet opening as we await RBA Minutes today, the Fed Minutes tomorrow and the Nvidia resutls on Thursday morning
Trading Section
SUMMARY NASDAQ and bitcoin rise overnight. Good for LNAS and SQ2. Commodities fly yesterday. Uranium, gold and copper the biggest winners. Oil a touch down overnight. BPT was initially left behind its peers yesterday before managing a late rally. ORI rises on its exposure to the mining sector. JLG and ILU miss out, both giving…
Marcus Take
At the ASA today – presenting at 2:15pm – A “Fireside chat” with Henry. Strategists getting bullish. A bit more on the anatomy of the ASX 200. Great Expectations – All eyes on Nvidia, RBA Minutes today. Fed Minutes Thursday morning. Education Corner – The Marcus Today Axioms.