Record highs in the US as they wait for the Fed tonight. RBA dovish – bond yields and Aussie dollar dip. Nvidia messaging – data centre spend growing at 25% pa. Why Banks are at their highs. Because they are big not great. Some brokers buying Resources after the fall. The Copper and Nickel trade. Where to park cash. Nothing for nothing. The best income idea at the moment.
US equities rose overnight, with all three major indices finishing in the green as markets await the FOMC outcome tomorrow (Hold expected). Dot plots the focus. Dow up 320 points (+0.83%). Up 332 points at best, down 29 points at worst. S&P 500 +0.56% locking in a new record closing high, and the NASDAQ gained…
Bank of Japan today will be the big one and Nvidia Keynote speech.
Two copper stocks doing well. More to come too, I suspect.
Bond yields rise again. Big Tech yet to crack. Big week of Central Bank meetings. RBA and BoJ today. Chinese economic data better than expected. Iron ore up 4%.
Macquarie target price on FMG 42% below the current share price. The difference between forecasts and backcasts. The truth about broker research in the resources sector. AI smarter than humans within a year (depending on which human you compare it to). Elon Musk on prescription ketamine – obviously works.
Having technical issues with our technical software (no pun intended there). May update with the usual scans if we can get it up and running this afternoon. LLC continues to do well. Morgan Stanly had a positive update yesterday. BOE back to the price we originally bought it for (annoying). Hunting for new Ideas but more risk…
Wall Street closed higher overnight, driven by mega-cap growth stocks, which led a rebound in the Nasdaq after three consecutive days of losses. The Dow Jones advanced 76 points (+0.20%). Up 184 points at best. The S&P 500 rose 0.63%, NASDAQ gained 0.82%, while small caps Russell 2000 underperformed, down 0.72%. Google gained 4.4% on…
ASX 200 rallied 27 points to 7703 (+0.4%) as RBA kept rates on hold as expected. BoJ moved to raise rates to zero for the first time in years. Resources stocks rallied hard, with iron ore stocks back in demand, FMG up 3.6%, BHP up 2.8% and RIO gaining 2.5%. Gold miners were slightly better…
