THE WEEK THAT WAS After the market rallied on Friday, the question is whether this week was just a tremor or just a little bit of summer silly season fun, with increased volatility and the Great Rotation continuing? Some perspective on the US market perhaps is required. For the week, the Dow was up 0.7%.…
US equities close out the week on a positive note recouping some ground lost earlier in the week, boosted by inflation data raising optimism for a September rate cut. The Dow rallied 654 points (+1.64%), buoyed by gains in 3M up 22.9% its largest daily gain in decades after it raised the lower end of…
Wall Street ended mixed overnight, following its worst performance since 2022 yesterday as markets began to doubt the sustainability of the AI-driven rally. The Dow edged 81 points higher (+0.20%). Up 585 points at best. Down 36 points at worst. The Russell 2000 gained 1.26% recouping most of the previous days' losses. Approximately 300 companies…
IHVV sold in Strategy Portfolio. US sends more confusing signals – GDP beats at 2.8% The Big Rotation continues. Where is the Ai revenue?
Plenty of cash – A shopping list in golds. Ausbiz trading preview. EOS – Update No Cash Here – How much we spend on surcharges!
SUMMARY Not as many sell signals as expected today. A look at the ASX200. No buy signals of note (unsurprisingly). Two of the least volatile stocks in the All Ords print daily sell signals. TLS is back within its multi-year trading range. Yielding 6% and forecast to rise to 7%. FMG is battered 5.5% yesterday.…
ASX 200 rallies 60 points to 7928 (+0.8%) as iron ore rallies and China throws some money at stimulus. The ‘Three Amigos’ all spurted ahead, BHP up 2.2%, RIO jumps 2.8%, and FMG more muted post quarterly only up 1.0%. Lithium stocks got a lift from EV stimulus, PLS up 3.8% and MIN up 3.5%…
Happy with 70% cash. Lithium -Capital preservation in the sector. The Call on Ausbiz with a new partner. Reporting season could be weaker.
