Jobs numbers set to kill or fill our recent hopes for a peak on rates. End of the results season – Hooray. What an analyst goes through. Retirement Today – Timing the Market – A good game. US closed on Monday for the Labor Day holiday. Some dividends coming up include BHP, FMG, MIN. And BEN. Henry away for three weeks – the PRE-MARKET podcast has a dazzling new host (Me!).
SUMMARY The risk on rally is alive for another day. More weak economic numbers helping overnight. Inflation number tonight. Jobs numbers Friday. US closed Monday. Bought FANG, LNAS and BHP yesterday. Just a trade at this point. Hoping the rally is not just an end-of-month thing. Strategy Portfolio still in cash. Good CPI number yesterday…
SUMMARY Making a few trades today. Adding BHP ahead of its dividend in the one stock Portfolio. Added two trades to try and catch a peak in bond yields. Lots of economic data ahead that could kill or turbo-charge the “new narrative”. US closed on Monday – long weekend – low volumes overnight. Results season…
Wall Street climbed most since June, fuelled by optimism the Fed will pause rates in September following the latest jobs data.
SUMMARY Turning our focus to the MT Portfolios. Low volumes ahead of US inflation and jobs numbers. Chinese stimulus looks superficial at best. But might help resources short term. Ho Hum market – now below the pre-pandemic high – we need a bull market. Appen (APX) – down 32% yesterday – sometimes fundamentals do work.…
Dow Jones up 247 points (+0.73%). It was up 342 at best and down 70 at worst. S&P 500 +0.67%. NASDAQ +0.94%. Nvidia was down 2.4%, having risen 8.8% this week after better-than-expected results. SPI Futures up 22. Ho Hum. We've been going sideways in a range for most of the year. For the week,…
SUMMARY The Nvidia rally ended – better to travel than arrive. Glad I didn’t buy FANG. The Resources bounce now looks like a blip. Annoying. Chinese property woes simmer. Bond yield yields take over the narrative again. Yawn. Jackson Hole tonight seems more likely to be Hawkish than positive. A Stock Take on Woolworths today.…
ACTIONS TODAY Adding FMG, MIN and CIA as a trade today. Hoping to catch a rally in resources. Short term. Not enough evidence here to buy BHP in the one-stock portfolio. They have gone in on the opening prices today. SUMMARY Good results from Nvidia leaves it a bit "up there". Fading a bit…
