SUMMARY – A lot going on. Glad we’re not holding BHP as it makes a huge bid. Talk of three rates rises from the RBA after that CPI number. Big Australia bends. Big US Tech holds. The PCE Price index number tonight could just be the number that breaks the bond market’s back. Newmont paves…
Resmed (RMD) results – Is trading up 11% afterhours in the US and up 6.7% on the ASX as results beat consensus expectations by 9%. Brokers said at the start of the week that focus for the results will be on sales growth, margins and commentary on the impact weight loss drugs have been having…
For the benefit of new members this is a repost of recent trading tutorials. Offering an explanation of the terms and phrases used in the trading section. This section will be posted under "education" and updated with new insights over time. The two primary indicators used in our trading section are relative strength index (RSI) and moving averages (MA). The RSI is…
A lot going on today – market down 100 – equities are going to find it hard to make progress with the bond market selling off sharply
In 2022 we surveyed you all and asked "What Smart Financial Advice do you have for other Marcus Today Members learned from experience". Here are your replies. Not sure all of them are good advice but you might get some value out of it. Selling APT at $12 in 2020 was too early… ? 80%…
Resources to banks switch kicks off.
No hurry to buy gold miners. Quarterlies drop.
ASX200 where to from here?
Tesla promises yet again. Cheap model?
Focus on Australian CPI at 11:30am. Selling SNAS trade – downtrend loses traction. Good start to Tech results. Tesla up 11.3% after hours (is Tesla a Big Tech?). Meta, Microsoft and Alphabet results to come this week. US PCE Price Index number on Friday the main signpost. Citi says buy the dip. UBS says Big Tech profit growth to collapse. Some Stats on corrections. Education Corner – Ten Investors – which one are you?
The CPI number today has come in higher than expected. We’ve closed our SNAS trade – best stand back for the moment and await Us results and the US PCE price index number
ASX 200 fell 1 point to 7683 (-0.01%) after a CPI gut punch stole the momentum. Inflation is once again higher than expected, and insurance costs and education continue to pressure the upside. Banks again led the charge higher, with the Big Bank Basket up to $203.73 (+0.4%). WBC the standout up 0.9% despite news…
