Henry’s Take – Pause and Caution
SUMMARY Caution: Central Banks in focus. Is CGC a easy tap in? The Sahm Rule for a US Recession. Chemist Warehouse – Yes or No?
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Pre-Market Report
Wall Street kicked off the week with modest gains overnight ahead of key economic data and Fed interest rate decision. Fed decision unlikely to be controversial with a Hold expected but the forecasts, dot plot, and press conference that accompany it may well be. The Dow finished near session highs, up 157 points (+0.43%). Up…
Pre-Market Report – ASX to Start the Week Higher
US markets finished higher over the weekend with solid gains from the S&P 500 (+0.41%) and the NASDAQ (+0.45%). The Dow Jones closed up 130 points or 0.36%. The positive night came after the US labour market unexp
Henry’s Take – ASX Cleared for Takeoff?
UPDATES 3.15pm Update LRS webinar not enough to keep the stock up. PLS slipping back. Gravity cannot be overcome that easily. Speculative Stock of the Day: LTR Pharma (LTP) +100% good volume on investor presentation. Fast acting nasal spray for erectile dysfunction called SPONTAN. Unusual Volumes: PGH, IBG, GGE, MZZ, BLU, BKG, KYP, AYT /…
Strategy Take
Our market is up this morning (hanging in there) as strong US jobs numbers over the weekend gives the ASX a boost. US yields rose after a gain of 199k nonfarm payrolls, exceeding forecasts of 185
End of Day Report
The ASX 200 rose only 4 points to 7199 (0.1%) after a promising start was ambushed by resource stocks falling.
Marcus Weekend
I am off on the bike this morning. By the time you read this I'll be half way to Port Macquarie on a BMW 1250 GSA. I will have missed the US market. I'll leave that to Matt this morning. I have Oliver filling in for me next week – a Baptism of Fire –…
Henry’s Weekend Take
THE WEEK THAT WAS Overnight we saw a better than expecte djobs number, the bond market sold off as expectations of aggressive Fed rate CUTS were wound back. A blip in the road. When I read that headline this morning I was expecting to see a bit more consolidation but no, Just a blip and…
Technical Scans – A few buy signals around in lithium
A few buy signals around in lithium (AKE, LTR, IGO, TLG) and Consumer Staples (COL, WOW) and Energy (WDS, STO, AGL).