END Of DAY Podcast
ASX 200 closes up 79 points to 6878 (1.1%). Strength straight out of the blocks on US moves to the upside.ASX 200 up 2.2% for the week.
ASX 200 closes up 79 points to 6878 (1.1%). Strength straight out of the blocks on US moves to the upside.ASX 200 up 2.2% for the week.
Endeavour Group (EDV) released its first Q trading update on Monday followed by the AGM yesterday. The key take-away was an overall Sales growth number of 2.1%, below consensus of 3.1% and a fairly positive short-medium term outlook.
Wall Street finished higher overnight, ending near best levels as markets reacted to the Fed’s interest rate decision and Powell’s remarks about keeping rates steady.
SMALL CAP PORTFOLIO SUMMARY ORG seems to be a halfway lob not a tap in. Uranium stocks in focus. Graphite too. Added WBT and LTR weightings yesterday. Looking at MP1 as an add. President Macron goes to Kazakhstan Kochie gets a tip from a Qantas steward. Ask the Analyst tomorrow at 5.30pm 2.45 pm Updates…
FED MEETING – Rates left unchanged as expected. Unanimous decision. Fed’s pause continues. Two months of pauses suggests they may be done. The meeting was not hawkish which was seen as dovish raising hopes that the Fed may have seen the last rate rise.
TECHNICAL SUMMARY
Daily buy signals after yesterday’s good day in all stocks from low volatility income to high volatility growth.
AKE illustrates how lithium has been fairing of late.
ASX 200 up 83 points in response to the Fed Meeting. Will it hold and build, or flop and drop. Stay tuned.
ASX 200 pulled back from intra-day highs to close up 61 points at 6900 (0.9%). Banks led the market higher, with CBA up 1.6%, NAB up 1.5% and the Big Bank Basket up to $173.54 (+1.7%). Fund managers also better, but MQG set to report tomorrow was flat. REITs soared on falling yields, GMG up 2.22% and GPT up 3.0% as 10-year yields fell to 4.80%. Healthcare also finding support from…
Fed Meeting lights up interest rate hopes and the market