Midday Report Friday

Reports Section

MARKET AT MIDDAY The ASX 200 is up 3 points to 7315 (+0.1%) experiencing a hesitant start due to mixed performances across the market. Energy gained as Saudi Arabia extends production cuts. Woodside Energy +1.3%, Karoon Energy (KAR) +3.5%. The market has seen a sell off this week triggered by a US credit rating downgrade and a surge in US Treasury yields, impacting the ASX's performance.…

End Of Day Report Friday

Reports Section

ASX 200 closed up 14 points to 7325 in a late surge. For the week the index dropped 1.1%. Banks held steady despite the ACCC knocking back the ANZ/SUN deal, The Big Bank Basket relatively unchanged at $177.25. MQG was slightly better up 0.8%, but REITs hit hard once again as 10-year yields continued to…

Strategy By Henry – Are we having a Moment?

Box 1

SUMMARY Selling GEAR and IHVV What the Fitch move means for the US. Is America the greatest country in the world? Is this a moment.? Maybe but it is Summer silly season too. TOUGH OUT THERE! Few things disrupting the force. I am going to be Mr. Floppy and sell the S&P500 ETF and the…

Henry’s Take – A Deep Dive into AV

Box 2

SMALL CAP PORTFOLIO Last updated 15.00hrs 3.00pm Updates Not quite such a nasty day again. The Index trying to hold the 7300 line. US futures modestly higher. ***CXL going well. I will sell 1% (30% of the holding) at 452c into this rally. Will take the weighing down to 2%. Feed the turkeys whilst they…

Midday Report Thursday

Reports Section

MARKET AT MIDDAY The ASX 200 is down 33 points to 7321 (-0.5%), getting hit for a second day, off the lows on trade numbers. More muted reaction to the drop on Wall Street due to Fitch's recent credit rating downgrade of the US and rising Treasury yields, which negatively affected sentiment. The tech sector leading the downturn…

End Of Day Report Thursday

Reports Section

ASX 200 closed down 43 points to 7312 (-0.6%), sliding for a second straight session, tracking losses on Wall Street overnight. Tech led the laggards today, XRO -2.7%, REA -0.8% SQ2 -1.9%. All-Tech index down 1.0%. Iron ore miners slipped, tracking the softening price in Asia. BHP down 1.2%, RIO off 1.7% and FMG down…