END Of DAY Podcast – By Marcus
A quiet day – Market up 9 as we tread water after a solid two week rally
A quiet day – Market up 9 as we tread water after a solid two week rally
Next week sees a break from big-number action. Central bank meeting minutes will headline with Australia’s RBA on Tuesday morning and the US FOMC early Wednesday morning. We will be keeping an eye on the commentary that led to the RBA raising rates and the US holding and whether it supports the new dovish pivot that
Good morning everybody. Wall Street in a holding pattern on Friday night once again. That’s four nights on the trot with nothing happening. The good news is that after a 13.1% rally in the NASDAQ in 16 days, there is very little evidence of profit taking. In fact, for the last four days, the NASDAQ…
Wall St took a breather overnight, ending mixed in a quiet day of trade. Treasuries climbed and the latest economic data supported a gradual slowdown, reinforcing bets the Fed will end its rate hike campaign.
Karoon to come back on. Might hurt.
Oil price down 4% – doesn’t help.
Lithium vibe not good.
Risk as market takes short-term profits in risk-on stocks.
The market takes a breather – to be expected – oil down 4%, Lithium sentiment takes another hit
We’ve hit the Doldrums – tiny trading range today – Sohn Hearts and Minds gets some attention
MAJOR MOVERS SPR +7.7%, EVN +4.2%, OBM +5.6% Gold flying. NXG +4.8% Gets a boost from Sohn Hearts Conference. CAR -4.4% Telecomms under pressure. GQG +6.9% Asset management in focus. AWC -2.1% State Street sells out. SVW +3.6% Buyback. MEZ -1.3% Utilities fall. ASX +2% Interest in the stock market returns. 4DX -9%…
The ASX 200 finishes the week down 9 points to 7049 (-0.1%) in a narrow day of trade but closes out the week up 1.04%. Broad sector weakness today, lacking any direction. SPI
Quiet day – narrow range – the pause that refreshes