Marcus Strategy – Bonds Drop
OECD saying Australian rates have peaked.
Oil up overnight but OPEC meeting could go either way.
Resources need a catalyst to bounce. Chinese PMI data out today could start it.
US Inflation tomorrow.
Marcus Strategy – Growth vs Income
Market behaves itself for another night. A check on Growth vs Income. Will keep an eye on inflation numbers. In Sydney this week.
Pre-Market Report Wednesday
Wall Street edged higher with nominal gains in a narrow range, losing momentum as the session progressed. Treasuries extended their November rally, and the dollar fell on further speculation the Fed is done with rate hikes and will likely ease rates next year. The Dow advanced 84 points (+0.24%). Dow up 185 points at best.…
Technical Scans
Dow Jones overbought on a daily basis.
GMG hits a 52-week high and is overbought on a daily basis.
ELD with a daily sell signal.
END Of DAY Report
The ASX200 rose 20 points to 7035 this afternoon as an inflation optimism rally faded. Technology was the stand-out, gaining all day on hopes the RBA will halt rate rises next year. WTC, XRO and NXT up 2%, 2.9% and 1.4%. Discretionary spending, REITs and Gold sectors also rallied in a similar vein. WES, JBH,…
Henry’s Take – Vale Charlie Munger
SMALL CAP PORTFOLIO SUMMARY The winning trades of the year. Surprise! Whats the use of commodity markets if no one hedges! Stock of the Day – XAM Best non-trade of the year award goes to…… Vote early, Vote often in the Equity Mates Awards. Ausbiz – The Call today at Noon. ASA Xmas – Lunch…
Marcus Strategy
All gone quiet – came very close to selling some of the US trades.