Marcus Take
Buying Macquarie in the One Stock Portfolio. The bull market is back and its a Stock Market Stock. Buying Aristocrat Leisure (ALL) in the Trading Ideas Portfolio.
End of Day Report
ASX 200 jumped 128 points (+1.7%) to 7881 as good US CPI and better-than-expected local jobs data created a tsunami of buying in large caps. Big banks closed higher, CBA was up 1.9% to fresh highs, and the Big Bank Basket was up to $211.81 (+2.0%), close to a record high. NAB the standout up…
Seven Deadly Sins
In life there are seven deadly sins. Pride, Avarice (Greed), Lust, Envy, Gluttony, Wrath (Anger) and Sloth (Apathy). And there are seven corresponding virtues. Humility, Charity, Chastity, Patience, Temperance, Kindness and Diligence. In the stock market there are quite a few Deadly Sins. Some of them are the same. Greed, Gluttony, Sloth, Ignorance, Wrath and…
End of Day Report
ASX 200 finishes up 27 points to 7754 (+0.4%), basking in a warm post-budget glow. The main driver of the advance was retail stocks and BHP, which was buoyed by talk it may just walk from Anglo discussions. Up 2.2%. Some budget winners in focus today, with some of the critical metal stocks finding some…
Marcus Take Wednesday – The Budget bores whilst the market soars
Budget has little impact – Mild positive for consumer stocks. Powell sticks to the message – No rate rise. PPI numbers not great – CPI number tonight the next hurdle. Close to buying Growth stocks – but let’s let the CPI number come and go. See you at the ASA on Sunday. Education Corner – The Seven Deadly Sins.
Education Corner – Seven Deadly Sins
In life there are seven deadly sins. Pride, Avarice (Greed), Lust, Envy, Gluttony, Wrath (Anger) and Sloth (Apathy). And there are seven corresponding virtues. Humility, Charity, Chastity, Patience, Temperance, Kindness and Diligence. In the stock market there are quite a few Deadly Sins. Some of them are the same. Greed, Gluttony, Sloth, Ignorance, Wrath and…
Pre-Market Report
Wall Street ended higher overnight, near best levels in another lower volume trading session leading into CPI results tomorrow. Markets shrugged off a mixed reading on producer inflation (PPI), and Powell signalled that interest rates will be higher for longer. Dow +127 points (+0.32%). Up 185 points at best. Down 60 points at worst. S&P…