ASX 200 rose another 48 points to 7088 (+0.7%) up for a fifth consecutive session, bouncing back from 6,890 levels just last Wednesday. Almost all sectors finished higher. Consumer discretionary is the top performing sector today as RBA rate hike expectations tapered off, ALL up 1.1%, DMP up 2.9%, and TLC gained 1.3%. Iron ore got a…
ASX 200 rose another 48 points to 7088 (+0.7%) up for a fifth consecutive session, bouncing back from 6,890 levels just last Wednesday. Almost all sectors finished higher. Consumer discretionary is the top-performing sector today as RBA rate hike expectations tapered off.
US markets finished higher overnight, recovering earlier losses following fresh remarks from Fed officials bolstering confidence the Fed will refrain from lifting rates this year amid rising oil prices and conflict between Israel and Hamas. The Dow finished near best levels, up 197 points (+0.59). Dow at best up 224 points. Dow at worst down 154…
Daily buy signals on the US markets seem a bit incongruous given the rise in the oil price and the inflation pressure that creates.
SUMMARY Rally continues. May get another chance to sell some KAR at 270c. Gold exposure in DEG. Missed the bottom. Maybe worth a look at GMD. Plenty of shorts in this one. TGF at a 20% discount to NTA and exposed to gold and uranium. Shame about the lithium and base metals. Target 180c. RMD gets some good news on…
US markets finished higher overnight, recovering earlier losses following fresh remarks from Fed officials bolstering confidence the Fed will refrain from lifting rates this year amid rising oil prices and conflict between Israel and Hamas.
Short term buy signals on the US market. Is the Hamas-Israel conflict a factor? Telstra – dividend coming. Worth buying? The Bank Sector Results season details. Is it worth dividend stripping the banks?
Was that the top for bond yields. The market is behaving as if it was. Up 81 and interest rate sensitive sectors up. The Israel-Hamas conflict suggests we go “Risk Off”. We’re going “Risk On”
ASX 200 blasted 70 points higher to 7041 (+1.0%) as bond yield fell hard on safe-haven buying of bonds. Talk of rate cuts as Israel/Hamas conflict the focus. Gold miners are better but not spectacular, with NST up 1.5% and EVN up 0.3%. Lithium plays bouncing hard as a short squeeze takes hold. PLS up 6.2%,…
ASX 200 blasted 70 points higher to 7041 (+1.0%) as bond yield fell hard on safe-haven buying of bonds. Talk of rate cuts as Israel/Hamas conflict the focus. Gold miners are better but not spectacular, with NST up 1.5% and EVN up 0.3%. Lithium plays bouncing hard as a short squeeze takes hold. PLS up 6.2%, and IGO up 3.5%.
