Marcus Take
We have closed our US trades and sold a couple more stocks today in the Ideas Portfolio.
End of Day Report Wednesday
MARKET WRAP ASX 200 romped ahead by 117 points to 7178 (+1.7%). All is forgiven after the losses of yesterday, even lithium staged a significant comeback. This despite falls in international lithium stocks. AKE up 3.0%, PLS up 5.6% with some large blocks traded, MIN rose 4.2% with iron ore miners not even stirred by…
Members Podcast Wednesday – A better day
A better day as the RBA’s Dovishness washes over our financials
End of Day Report – RBA Holds Rates at 4.35%
ASX 200 fell 63 points to close at 7062 (-0.9%) on weaker international leads and falling commodity prices. RBA left rates unchanged, but limited ASX reaction. Resources hit hard with iron ore miners under pressure, BHP down 1.3% and FMG off 0.9%, Lithium stocks remain seriously depressed with IGO falling 6.7%, PLS down 8.5% and…
Marcus Take – Tuesday – Not quite bad enough
SPI Futures down 38 – Not quite the “One Bad Day” that would trigger profit taking
Henry’s Take – You Canute be Serious!
Gold hits all-time high backs off.
Looking at adding DYL.
Lithium sell-off continues but not enough towel-throwing yet.
Two contrarian picks for 2024.
Technical Scans – Dow on a 52-Week High
Dow Jones, S&P 500 finished last week at 52-week highs.
Oil stocks oversold. Waiting for the bottom.
COH oversold on a daily basis.
Pre-market Podcast
The Dow Jones Industrial Average shed 41.06 points, or 0.11%, to close at 36,204.44.
The S&P 500 dropped 0.54% to 4,569.78. Nasdaq down 0.8%