ASX 200 fell 63 points to close at 7062 (-0.9%) on weaker international leads and falling commodity prices. RBA left rates unchanged, but limited ASX reaction. Resources hit hard with iron ore miners under pressure, BHP down 1.3% and FMG off 0.9%, Lithium stocks remain seriously depressed with IGO falling 6.7%, PLS down 8.5% and…
US markets closed higher on Saturday morning after Fed Chair Powell made comments that reinforce the ‘rates have peaked’ narrative. Dow closed up 295 points (+0.82%), rising thro
State of ORG Day December is a good month for markets… Gold in focus. Uranium too Things I do not understand US Check Ins
ASX 200 rose 52 points to 7125 (0.7%) in a very solid day, although off highs. Gains in most sectors with the Banks up again CBA up 0.9% and NAB up 0.8% with the Big Bank Basket at $179.61 (0.7%). MQG rose 0.7% with other financials doing well, ASX up 0.6% and SUN up 0.4% on ACCC hopes. QBE dropped -3.2% with other insurers easing ba
THE WEEK THAT WAS Ever feel like life is passing you by? Invest in the ASX, and you will continue to feel that. We are just not that exciting at the moment. In the US, things are kicking off as the computers are bidding the markets within a whisker of all-time highs. The Magnificent Seven…
A good night on Friday unless you are betting on oil. Oil price down 2.0 and 1.89%. But let’s not worry about that, the futures are up almost 70 points as I write and the headlines are full of Powell’s comment that they need to “move forward carefully” amid signs of economic softening. They were prepared…
Taking the Risk If I had adopted Marcus’ one stock folio and invested all my superfund in PME last year (instead of a small part) the fund would now be worth twice as much. Unfortunately, that’s only half of the story as I have other investm
The Dow hit a new high for the year, up 520 points (+1.47%), driven by a 9.2% jump in Salesforce shares and a moderation in PCE inflation. The S&P 500 gained 0.38%, while the NASDAQ fell 0.23%. October saw a slowdown in PCE inflation measures and a moderation in personal spending, reinforcing expectations that the…
KAR attractive here. Will add more today. Advent Calendar picks for Ausbiz in 2024. One big one very speculative. Did I really recommend that one!
