Overnight, the S&P 500 and NASDAQ edged lower, driven by profit-taking in chipmaker stocks. The Dow inched up 38 points (+0.10%), while the S&P 500 dipped 0.2%, and the NASDAQ fell 0.5%. PHLX Semiconductor eased 2.5% following recent strong gains, up 16.61% YTD. Treasury markets stabilised after a robust auction of 30Y bonds, contrasting with…
The market struggling as banks drop on the back of a Macquarie downgrade
SUMMARY LLC kicking goals. Up 6.6%. Exiting BOE with a loss. Too volatile and the spot price has taken a dive. S&P 500 ETF IHVV hits a 52-week high. Held in the Strategy Portfolio and up 24.7% vs IVV’s 20.6%. No change to MQG, bond yields rising. Things still looking toppy. BHP hits a 52-week…
Bond yields going up again. Interest rate sensitive sectors at risk. Big week of Central Bank action coming up – FOMC, RBA, BoE, BoJ. Big Tech momentum fading.
Selling BOE in the Ideas Portfolio (Uranium too volatile). Iron ore down again. We have no BHP, RIO or FMG. 17% cash in both the Income and Growth Portfolios.
Strategy Portfolio still fully invested. Waiting for that “One Bad Day”. No sign of it.
US stocks rallied overnight, with the S&P 500 reaching a record high close fuelled by gains in Oracle shares and despite a marginally higher-than-expected CPI result. The S&P 500 climbed 1.1%, while the NASDAQ and Dow Jones also posted gains of 1.1% and 0.61%, respectively. Headline inflation rose to 3.2%, exceeding forecasts, the monthly rate…
The ASX 200 has ended the day up 17 points (0.22%) in mixed trade. US inflation data has filtered through to our market with Consumer Discretionary stocks leading the gains along with Real Estate and Financials. ALL and JBH rose 2.1% and 1.4%. GMG and SCG both finished up 2.5% and 0.9% despite bond yields…
Oliver joins us today to discuss Telstra and just what makes an income stock
