Marcus Take – Its December – November was good – lets hope it lasts
November is done – good month – Value versus Growth – Experts versus Lemmings
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End of Day Report Friday
ASX 200 fought from early big falls to close down only 14 points to 7073 (-0.2%). Banks flat, the Big Bank Basket at $178.32 (-0.3%). MQG slid 0.8%, with other financials pulling back slightly. Insurers held in, with SUN up 0.2% and MPL up 2.0%. REITs mixed, GMG up 1.3% and VCX down 2.1%. Healthcare flat,…
Pre-Market Report Thursday
Wall Street flatlined overnight on cautious trade following an upward revision to US GDP growth and dovish comments from Fed officials. The Dow ended slightly in the green, up 13 points (+0.04%). Up 162 points at best. Down 11 points at w
Henry’s Take – Gold in them thar hills!
SMALL CAP PORTFOLIO SUMMARY Gold continues to head higher. Is everyone bullish? Happy holder of GMD and DEG. For now. Investment Committee meeting at Ausbiz. Yesterday's The Call with Kochie. My Advent Calendar stock pick for 2024. Nailed it with JHX last year. Highly controversial one this year. AM Announcements ORG has rejected Plan B.…
Marcus Strategy – Bonds Drop
OECD saying Australian rates have peaked. Oil up overnight but OPEC meeting could go either way. Resources need a catalyst to bounce. Chinese PMI data out today could start it. US Inflation tomorrow.
Technical Scans
TECHNICAL SUMMARY S&P 500 overbought on a daily basis. COH overbought as healthcare kicks back into life. KAR oversold on a daily basis. SQ2 overbought after a stunning run.
End of Day Report Thursday
ASX 200 finished up 52 points at 7087 (+0.5%) after a late afternoon surge.ASX 200 up 4.6% for November. A turnaround in the iron ore miners helped on news that nickel from Indonesia would not get a IRA break. BHP up 0.2%, RIO up 0.4% and FMG up 0.9%. Lithium turns around too, with PLS…
Pre-Market Report Wednesday
Wall Street edged higher with nominal gains in a narrow range, losing momentum as the session progressed. Treasuries extended their November rally, and the dollar fell on further speculation the Fed is done with rate hikes and will likely ease rates next year. The Dow advanced 84 points (+0.24%). Dow up 185 points at best.…
Henry’s Take – Vale Charlie Munger
SMALL CAP PORTFOLIO SUMMARY The winning trades of the year. Surprise! Whats the use of commodity markets if no one hedges! Stock of the Day – XAM Best non-trade of the year award goes to…… Vote early, Vote often in the Equity Mates Awards. Ausbiz – The Call today at Noon. ASA Xmas – Lunch…