Members Podcast Wednesday – The Market cracks on profit taking in Tech and on interest rate worries
Down 100 points as bond yields rise and technology falls
Pre-market Report
All three major US indices closed lower overnight as an increasing amount of strong economic data supported the “higher for longer” narrative. Dow Jones fell 397 points (-1%), S&P 500 fell 0.72% and the NASDAQ dropped 0.95%. New orders for Manufactured Goods rebounded more than expected and Job Openings came in line with expectations. Another…
Trading Section
SUMMARY Added KAR on Thursday after a price breakout. Oil up over the weekend. MIN flies on Thursday, best performer in the top 50. No change to MQG or BHP/FMG One Stock Portfolios. Keeping an eye on BGL and NST after bond yields rise (gold also up). All other trades doing well, helps when the…
Marcus Take Tuesday – Bonds pop – Markets don’t drop
Another short week – Jobs numbers, RBA Minutes and not much else to go on
Members Podcast Tuesday – Slow start to the week
The start of a new quarter, not much to report. Waiting on US Jobs Numbers on Friday. RBA Minutes today don’t add much.
Pre-market Report
US markets closed mostly lower overnight as gains in technology and energy were outweighed by rising bond yields. Dow Jones down 241 points (-0.6%), S&P 500 down 0.2%, NASDAQ up 0.1%. The US 10Y yield rose 10.9bp and the 2Y rose 7.9bp after manufacturing PMI increased to 50.3 points. The highest reading since September 2022…
Henry’s Take – Gold! Gold ! Gold!
Gold at Record Highs – Stocks to Consider.
Usual US Check-Ins.
ASB gets a takeover offer. Highly unlikely to pass muster!
Ask the Analyst Friday at 5.30pm.