All the Members Podcasts from Last week

SPI Futures down 97 following a 98 point drop in the ASX 200 yesterday. The “High for Long” mantra is being adopted globally with obvious consequences for equities.

We have halved our losses this morning from down 105 to down 51. We are in cash again in the Strategy, Ideas, MQG and BHP portfolios. Waiting for the bottom. Could be tomorrow. Could be a year away.

The ASX 200 finished the week up 4 points to 7069 (+0.1%), clawing back earlier losses after falling over 100 points (~1.5%) at the opening bell and snapping a four-day losing streak. SPI Futures were down 97 points this morning. ASX 200 fell for a second consecutive week, down 2.89%. Sectors were mixed. Real Estate and Tech were hit hardest, while Industrials and Utilities showed resilience. Iron ore heavyweights mixed, BHP and FMG pared earlier losses, closing up 0.5% and 1.5%, respectively, while RIO fell 1.2%. Tech suffered heavy losses. SQ2 down another 2.1% with the CEO’s departure still hammering…

The Fed was more hawkish as feared and the Futures are down another 20 this morning.

ASX 200 down 41 points – The Fed have killed the mood, bond yields are heading up, we’re mostly in cash and have little reason not to be.

SPI Futures down 16 as Wall St waits for the Fed Meeting tonight. Canadian inflation numbers spook bonds.

The ASX 200 is down 38 points to 7158 (-0.5%) and on track to log its third consecutive day of losses (the ASX 200 was down 49 on Monday and 34 yesterday). FOMC meeting tonight – there are concerns about the Fed getting even more hawkish against the backdrop of a rising oil price. We have cleaned out our IDEAS PORTFOLIO today to avoid the Fed risk tonight. Miners and financials weigh. Iron ore giants BHP, RIO and FMG are all down over 1% on weaker iron ore prices and evaporating Chinese economic optimism. The big four banks are mixed.…

ASX 200 closed down 33 to 7163 (0.5%). Falling for a third consecutive session. The ASX 200 is down 116 points this week, erasing almost all of last week’s gains (122 points +1.71%). All eyes now turn to the Fed tonight. Markets have priced in a 99% likelihood they will hold rates, with hopes Powell’s speech will provide clues for interest rate trajectory (unlikely). Likely will be an American English version of the RBA meeting minutes, prudently hawkish and data dependent. Most sectors finished in the red today. Consumer discretionary sector surprised as the top performer today, buoyed by ALL…