Trading Section
SUMMARY SNAS poised to gain 3%-4%. SFR ready to kick higher on Russian sanctions. Gold and Oil trades well positioned. No change. No change to MQG or FMG One Stock Portfolios.
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End of Day Report
The ASX 200 has dropped 36 points to 7753 (0.5%) on US falls. Banks eased back led lower by CBA down 1.4% with the Big Bank Basket down to $203.73 (0.8%). Insurers fell away as did MQG off 0.8% and GQG off 4.2%. REITs fell too, GMG down 0.8% and SGP off 0.9%. Industrials with a light…
Marcus Weekend
SPI Futures down 50. Dow Jones down 475 (-1.24%). NASDAQ down 1.62%. Bond yields relaxed a touch after that CPI number this week. AMD and Intel fell 4.2% and 5.2% on a Wall St Journal report that Chinese Telecom companies have been told to phase out the use of foreign chips by 2027. “China's Ministry…
Henry’s Weekend Take
THE WEEK THAT WAS A little wobble last night in the US. Twice in a week. Starting to become a habit perhaps? It seems that geopolitical events are starting to curb the enthusiasm of US investors. Hardly a surprise given the huge run equity markets have had. The first cabs off the US reporting season ranks…
Pre-Market Report
Wall Street closed mostly higher overnight, rebounding from a sharp sell-off the day prior, driven by a rally in tech stocks after fresh economic data renewed hopes that inflation remains in a downward trend. The Dow finished flat, down 2 points (-0.01%). Up 137 points at best, down 264 points at worst. S&P 500 gained…
Henry’s Take – NextDC (NXT) and the Ai Boom
Macquarie Conference program announced. ECB says it is not dependent on Fed, so why wait! Stock of the Day – NXT with its Rights issue.
Marcus Take Friday – The Marcus Today Stock Market Dictionary – the truth about Broker Speak.
Low volume overnight – PPI numbers relax inflation fears. Big Tech won’t lie down – solid rebound. FANG up 2%. Strategy Portfolio has no reason to sell anything else yet. Results season starts tonight in the US – usually a positive. BUY HOLD SELL – Whitehaven Coal (WHC). Education Corner – The Marcus Today Stock Market Dictionary – Truth & Lies.
End of Day Report
ASX 200 falls 26 points to 7788 (-0.3%). For the week, the index is up a mere 15 points. Quiet day, banks eased back slightly as yields push to 4.28%. The Big Bank Basket down to $205.36 (-0.4%). Insurers better, and GQG doing better up 0.4%. MQG slipped 0.1%. REITs under pressure, GMG down 0.1%…
Trading Section
Oliver away today. Portfolios and Technical Signals below. So you know – this section is where the Ideas Portfolio and the One Stock Portfolios will be every day. Just a bit late today! SNAS obviously not playing out. If the NASDAQ was going to tip over then that CPI number was the excuse. It's still…