US stocks closed edged higher overnight, just finishing above the flatline in a fairly uneventful day of trade. The Dow rose 32 points (+0.08%), rising for its fifth consecutive session its longest winning streak since December 2023. Dow up 125 points at best, and down 12 points at worst. S&P 500 briefly hit 5,200, finishing…
We saw Archie off to the Australian Army yesterday. This morning he woke up at "5 something", if he slept at all, to a buzz cut, in a section dormitory with four other boys, who are also wondering what they have done and are doubtless coming to terms with being a "number" for the next…
SUMMARY Giving up on the correction until proven otherwise. Preferring the US to Australia. The weight of money holds everything up. Happy to buy banks with buybacks supporting high multiples. Respecting the change of trend in FMG. Buying FMG in the One Stock Portfolio. Adding a 20% holding in FANG in the Strategy Portfolio. Buying…
SUMMARY The S&P 500 resumes its 3EMA uptrend. ILU roars ahead. Up 5.3% on its AGM yesterday. Raising stop loss to $7.48. Up again today. ORI off to a quiet start. BPT flat yesterday. Oil down a touch overnight. Getting interested in WDS. PLS yet to come to life. No change. Tesla down 3.8%. Buying…
RBA – Higher for longer.
Banks crush it again.
Target of 7800 reached. Now what?
Adding HCH as a copper play.
QIP gets another bid
Giving up on the correction until proven otherwise. Preferring the US to Australia. Weight of money holds everything up. Happy to buy banks with buybacks supporting high multiples. Respecting the change of trend in FMG.
Buying FMG in the One Stock Portfolio.
Adding a 20% holding in FANG in the Strategy Portfolio.
Buying a 5% holding in WBC in the Income Portfolio. Ex-dividend tomorrow.
Buying 5% holding in ANZ in the Income Portfolio. Ex-dividend on Monday.
Assessing stocks to buy in Growth Portfolio.
RBA wash up – Not good for housing and consumer discretionary.
ASX 200 trades quietly up 11 points at 7805 (+0.1%) after a great day yesterday. Banks stalled close to record highs, NAB fell 0.5%, with ANZ up 1.2% on broker upgrades, MQG unchanged with the Big Bank Basket up to $210.71 (+0.4%). Financials mixed as PPT cratered 7.1% after a strategic review presentation. REITs better,…
ASX 200 charges 111 points ahead to 7793 (+1.4%). Banks leading the charge higher as ANZ reports and announces a $2bn buyback and NAB goes ex-dividend by 84c. The Big Bank Basket up 1.3% to $209.82. MQG jumped 2.5% as the Equities Conference kicks off with no bad news so far. Early days. Insurers and…
