End of Day Podcast on Monday – Another intraday rally
ASX up 8 points having been down 46 – another session of constant buying from the lows. Iron ore a weak spot.
Members Podcast
All the Members Podcasts from Last week
Marcus Weekend – Cash is King Again
After the 109-point bounce off the lows in our market on Friday, I expected to wake up to find Wall Street did something similar. Wasn’t to be. Looks like the buying in our market yesterday was simply some fund manager on Friday deciding to buy a few hundred million dollars worth of resources. For Friday's…
Pre-Market Report Thursday
Dow Jones down 370 points or 1.08%, closing near the low and down 2.38% for the week. S&P down 1.64% and the NASDAQ worst down 1.82%. Global risk-off sentiment continued as the Bank of England followed the US and other central banks in holding rates while making clear signals that rates will remain as high…
Pre-market Podcast Friday – Not a good look
SPI Futures down 97 following a 98 point drop in the ASX 200 yesterday. The “High for Long” mantra is being adopted globally with obvious consequences for equities.
Marcus Take Friday – Hard Yakka making money
The “New Hawkishness” goes global. Slow leak turns into a puncture. A few other signs of that we’re going nowhere. The seasonal chart says come back in December. Selling BHP as well. If you’re ever going buy BBUS and SNAS now’s the time.
Members Podcast Friday – Waiting for the signs
We have halved our losses this morning from down 105 to down 51. We are in cash again in the Strategy, Ideas, MQG and BHP portfolios. Waiting for the bottom. Could be tomorrow. Could be a year away.
End of Day Report Friday
The ASX 200 finished the week up 4 points to 7069 (+0.1%), clawing back earlier losses after falling over 100 points (~1.5%) at the opening bell and snapping a four-day losing streak. SPI Futures were down 97 points this morning. ASX 200 fell for a second consecutive week, down 2.89%. Sectors were mixed. Real Estate and Tech were hit hardest, while…
END OF DAY Podcast – A remarkable turnaround
The ASX 200 finished the week up 4 points to 7069 (+0.1%), clawing back earlier losses after falling over 100 points (~1.5%) at the opening bell and snapping a four-day losing streak. SPI Futures were down 97 points this morning. ASX 200 fell for a second consecutive week, down 2.89%. Sectors were mixed. Real Estate and Tech were hit hardest, while Industrials and Utilities showed resilience. Iron ore heavyweights mixed, BHP and FMG pared earlier losses, closing up 0.5% and 1.5%, respectively, while RIO fell 1.2%. Tech suffered heavy losses. SQ2 down another 2.1% with the CEO’s departure still hammering the stock. BRN off 2.5%, down for its fifth consecutive session, suffering heavy losses since its exit from the ASX 200, and XRO fell 0.6%. Banks mixed, CBA, ANZ and MQG all down, while NAB rose 0.5% despite a $2.1m fine for unconscionable conduct wrongfully overcharging customers and WBC up 0.7%. Big Bank Basket up to $175.11 (+0.1%). REITS lower, pressured by rising bond yields. GMG dow