ASX 200 limped along with a 17-point rally to 7997 (+0.2%). Results in focus again. Some good, some bad and some ugly. Banks were mixed with a capital update from ANZ, up 0.6% and CBA better by 0.3%. The Big Bank Basket is steady around $236.73. Insurers mixed, SUN up 3.1% and NWL better on results.…
Quiet start to the week. WBC looks ok. CZR and PSQ Updates. ALD and BSL warn of tough times. Usual US Check-Ins – Mixed Picture.
Good morning everyone. What a week. The US markets have just had their best rally this year following their worst sell-down. Volatility has a lot to answer for in the last couple of weeks. The excuse for the rapidity of the sell-down and the relentless six-day buyback have been put at the feet of volatility-sensitive…
Wall Street closed out the week higher in an uneventful day of trade. The S&P 500 and NASDAQ rose for their seventh consecutive session advancing 0.20% and 0.21% as most megacaps gained, with Nivida leading the charge, up 1.4%. The Dow Jones finished 97 points higher (0.24%). Up 163 at best. Down 109 points at…
THE WEEK THAT WAS It is always interesting to see what you write during a bout of volatility. Sometimes I forget what I have written. So, I had a look at last Saturday, when the world looked a little different. I have only used selective quotes to make me look like a guru. A bit like…
US equities rallied and bonds tumbled after US retail sales data signalled resilient consumer spending. The result has eased recent fears that the Fed would be risking a deeper slowdown teetering on recession. The S&P 500 rose 1.6%, extending its winning streak to six days (+6.6%). Most sectors ended higher, with Consumer cyclicals leading the…
Sold my GEAR – Looks like a little early. Added AD8 for a bounce from oversold. Adding PLY. LRS – PLS makes a move.
ASX 200 roars 106 points ahead to 7971 (1,.3%) up 2.5% for the week, to finish 30 points above where we were two Fridays ago. Results and reactions the focal point with US strength helping all sectors. NAB with 3Q trading update helped the sector, CBA up 2.,4% and the Big Bank Basket up to…
The NASDAQ and S&P 500 finished 0.03% and 0.38% higher, extending their winning streak to five sessions. US Inflation data reassured the markets the Fed would start cutting rates next month. The Dow advanced 243 points (+0.61%). Up 303 points at best. Down 28 points at worst. Small firms Russell 2000 eased 0.52%, and the VIX…
