Strategy By Henry – Alert but Not Alarmed
SUMMARY Alert but not yet alarmed. Powell turns hawkish. Bonds fall as US Auction disappoints. No need to change strategy just yet. A pause to reflect or a peak?
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Henry’s Take – The Honeymoon is Over
SMALL CAP PORTFOLIO 2.50pm Update NEU continuing to fire. May have missed it slightly in DYL as i was hoping to get set around 100-110c. Maybe next week. IVZ looking a little better. Lithium not so. looks like some punters taking profits off the table in IMU after a good week. No changes to the…
End of Day Report Friday
ASX 200 finishes the week down 38 points to 6977 (-0.6%). Quiet trade ahead of the weekend. Broad-based losses across most sectors, except iron ore and gold. Banks eased back with yields pushing higher, CBA down 0.8%, and NAB suffering from some downgrades falling 1.7%. The Big Bank Basket slipped to $176.11 (-1.1%). MQG eased…
Pre-Market Report – Eight Day Rally Halted
Wall Street finished in negative territory overnight, snapping an eight-day winning streak after Treasury yields jumped as Fed Chair Powell stated that it is too early for the central bank to definitively announce the conclusion of its rate hike cycle, despite not presenting a case for further rate increase. The Dow finished 220 points lower,…
Pre-Market Report
US equities were little changed overnight as markets weighed the latest corporate results and digested remarks from Fed officials. The Dow slipped 40 points (-0.12%). Dow up 100 points at best. Down 156 points at worst. The S&P 500 continued its longest winning streak in two years, getting close to the key 4,400 level, up…
Strategy By Henry – Stay Long
SUMMARY No change in portfolios. A catch up with some stocks. QAN and 'The Man Who Wasn't There'. The problem is not just interest rates, it is the debt that will kill you. Ask WeWork How did we come up with 2-3% anyway. State of US debt. Be careful what you wish for with the…
Henry’s Take – XRO in Spotlight – Maybe an Opportunity
SMALL CAP PORTFOLIO 2.45pm Updates XRO – Just watched the CEO on CNBC being interviewed. Didn’t give much away. Ironically the stock falls after making a profit. Below $100 now. Breaking down. Nothing done in the Portfolio. DYL slipping nicely towards 110c and hoping for more weakness. 100c is my price to get interested in…
End of Day Report Thursday
ASX 200 up another 20 points to 7015 (+0.3%), off highs but holding up. Banks continue to find buyers with NAB volatile post results, WBC Ex-Dividend with the Big Bank Basket up to $178.05 (+0.6%). MQG kicked 1.5% higher, with insurers doing well too, SUN up 0.7% with SOL up 1.5%. REITs mixed, SCP and…
Pre-Market Report – S&P 500 Up 7 Consecutive Days
Wall Street rose overnight, buoyed by gains in mega-cap tech stocks and a fall in US treasury yields. Dow Jones rose 57 points (+0.17%). Up 111 points at best. Down 69 points at worst. The S&P 500 and NASDAQ notched their longest winning streak in two years, up 0.28% and 0.90%, respectively. The tech sector…