Wall Street ended lower overnight night after the FOMC minutes showed bank officials were divided over the need for more interest rate hikes at their last meeting. Dow Jones down 181 points (-0.52%). Up 187 points at best. Down 189 points at worst. S&P 500 off 0.76%, slumping for a second day in a row,…
MARCUS TAKE SUMMARY Regrets, I’ve had a few. See today’s article on the millions I have missed. Thanks for your feedback on the members podcast. I read them all! Bit of a change to the technical section. Now included in my section. Stock Take on CSL – Trading buy. And a long term buy. I…
CSL – Finally bottoming after the recent sell-off – derisked post results.
Wall Street ended lower overnight night after the FOMC minutes showed bank officials were divided over the need for more interest rate hikes.
SMALL CAP PORTFOLIO 2.45pm Update The market all hot and bothered again. Big Trouble in Little China. But the jobs numbers at 3.7% show that the medicine that Dr Phil has prescribed is working and we may not need another dose. That is a good thing. I bought some more LTR. Could not help myself.…
MARKET AT MIDDAY The ASX 200 is down 59 points to 7136 (-0.8%), sliding to a 5-week low as earnings reports and the release of July jobs data push the market lower. Telstra (TLS) led the communications sector down, dropping 2.6% as Instructure sale called off. Lithium stocks, healthcare, and technology sectors all declining, with Pilbara Minerals (PLS) -3.1%, Core Lithium (CXO) -22%, Resmed (RMD) -4.1%, Sonic Healthcare (SHL) -5.1%, Xero (XRO) -1.9%,…
ASX 200 closed down 49 points at 7146 (-0.7%) as China and US worries weighed.
Blood on the streets on the ASX 200 today, market down 110 points to 7195 (-1.5%), posting its biggest drop in six weeks. REITs put up some resistance following solid earnings reports VCX +2.4%, MGR +5.3% and SCG +1.5%. Energy stocks fell, as crude oil fell for a third day after a drop in US…
