Henry’s Take – Have We Jumped the Shark?
Have we jumped the Shark?
Is it a Bird? Is it a Plane?
Are interest rates Table Mountain?
Have you noticed Ai in your life?
End of Day Report – CPI Cooler-then-expected
???? ASX 200 kicks another 39 points higher to 7820 (+0.5%), on better-than-expected CPI number. 3.4% slightly ahead of consensus. Good news and bad. Banks as usual the winners, with the Big Bank Basket up to $209.95 (+0.8%). Insurers jumped after the CPI showed price hikes still above and beyond inflation. QBE up 1.2% and SUN…
SOL Stock Take: Coal, Reit and Telecom Exposure
Washington H. Soul Pattinson (SOL) released results last Thursday, initially met with a neutral response before falling 2% on Monday then another 2% Tuesday. SOL is investment manager which specialises in taking large stakes in existing companies similar to the WES business model. This differs to listed fund managers (like MFG or NWL) which derive…
Trading Section
Gold likely to do well today. Holding BGL and NST. Bitcoin up 11.6%. SQ2 set to benefit. JMS drops 8.5%, shouldn’t have said it yesterday. Will hold with a stop loss just under 20c. MIN’s iron ore exposure offsetting lithium’s short-lived bounce. Uptrend still in place. No change to LLC. Back on the up. Tempted…
Members Podcast Tuesday – Bit of a quiet one – Short week – markets still holding their highs
Not much to report today – waiting for the CPI numbers on Wednesday in Australia and Thursday night in the US.
Pre-Market Report – Boeing CEO Steps Down
Wall Street ended in the red overnight in a quiet rangebound session after the biggest weekly percentage gains for the indexes this year. The Dow Jones traded lower all session ending near session lows, down 162 points (-0.41%), the S&P 500 and the NASDAQ fell 0.31% and 0.27%, respectively, while the Russell 2000 notched a…
END Of DAY Report
ASX 200 fell 32 points to 7780 in quiet trade. Winding down for Easter early it seems. Conflicting consumer sentiment surveys not helpful. Resources once again the problem. Iron ore down in Asian trade, hurting commodity stocks across the board. After a steady start, lithium in China slid and iron ore under pressure. FMG dropped…
Henry’s Take – Quick Takes – Lithium Under Pressure Again
CNB rest day today?
GMD – upgrades.
DXB – Pitt Street Research has a 63c valuation.
Quick Takes- REITs and Bunnies
Marcus Take Tuesday
SUMMARY Bond yields up. Markets down (only a bit). Enjoying the ride. Sceptical but no cracks yet – holding at the top. Debating buying FMG. But not buying it. A boring income stock 36% below intrinsic value. Mention AI and off you fly – Webjet – not complaining. Bitcoin up 11.6% and above $70,000. Just…