SUMMARY Strong sell-off yesterday. Trading is a balance of probabilities and currently we are going against the tide. Tempted to cut all trades and watch from the sidelines until normal service resumes. Holding for now, ready to pull the trigger. Uranium the only sector going up. BOE and PDN rising 4% and 5% yesterday. Gold…
Wall Street closed mixed overnight after the Fed held rates unchanged, as expected. The policy statement held no big surprises but noted a lack of progress towards the 2% inflation goal in recent months. Powell’s conference speech was less hawkish than anticipated. He noted that the next meeting is unlikely to be a rate hike and…
ASX 200 rallies 17 points to 7587 (+0.2%) as banks take heart from NAB result and new $1.5bn buyback. NAB up 1.5% and the Big Bank Basket up to $203.54 (+1.0%). MQG rallying 1.2% ahead of its results tomorrow, with NWL also doing well up 2.0%. Insurers eased back. REITs slightly better with GMG up…
It’s the Data stupid! No rate change for a while!
Sold all the AZS.
Uranium on a charge-DYL in focus.
BHP plays the long game.
At the end of the day, corrections are great for investors. Corrections create the market’s most fabulous opportunities and you should look forward to the next great correction, not fear it.
We survived the Fed but the Ides of May are not great – Apple tonight – Macquarie tomorrow – Jobs numbers on Friday – RBA Tuesday
Fed Predictable – Dovish if anything. Still got our finger on the trigger but haven’t pulled it yet. NAB Results look OK – share buyback increased. Dividend flat. US market popped and dropped. Bit weird. Apple tonight, Macquarie tomorrow. RBA Tuesday. What’s next after Big Tech results. Into the void. Education Corner – Corrections are Great! And what to do about them.
SUMMARY Wall St falls over. Bad luck starting two new trades yesterday. The ASX200 is down 3% since the top on April 2. ILU performs well on its first day. No change. PLS fades from the open yesterday. Tesla has become a barometer of lithium optimism. Down 5.6% overnight but still up 31% in the…
