END Of DAY Report
ASX 200 fell 20 points to 6977 (0.3%) after the RBA raised rates by 25bps. Slight rally after the RBA decision and Melbourne Cup. Banks were soft, WBC down 2.7%
Read more
Pre-market Report
US markets had a good night on Friday after Jobs Data showed signs of slowing growth and a slight increase in unemployment. This bolstered hopes that the Fed is done raising rates. The 10Y bond yield dropped 9bps to 4.57% and the 2Y 15bps to 4.84%. The Dow Jones traded higher all day, finishing up…
Henry’s Take – Monday, Monday, so Good to Me
SMALL CAP PORTFOLIO 2.45pm Updates WBT having an incredibly volatile day. High of 445c and a low of 375c. First revenue isn’t much but it is something. Hopefully, 100k is not it for now. Perhaps that is why the market sold off. Uranium stocks having a big sell off. Not sure why except they have…
Strategy – WBC Results
SUMMARY All in – For now! I have the conch! WBC Results. Dividend 72c and $1.5bn buyback. The machine rolls on! Adding MQG to the One Stock Portfolio. STRATEGY – ‘ALEA IACTA EST’ We have made our bed for better or worse with our embrace of the new bull run. Marcus is in Thailand so…
END Of DAY Report
ASX 200 rose 19 points to 6998 (0.3%) in cautious trade ahead of the RBA tomorrow. Banks were firm and WBC results helping with the stock up 2.0% on a $1.5bn buyback and a $7.2bn profit
Marcus Take – And We’re Off
And we’re off – Today we get out of cash and back into the market
Pre-Market Report – Markets Rally on Bets of Peak Rates
US equities rose sharply higher overnight, a day after the Fed hinted it may be done with interest rate hikes and a batch of upbeat quarterly earnings updates added to the bullish sentiment. The Dow ended near best levels, up 565 points (1.70%). Dow traded higher all day, with a high of +578 points and…
Henry’s Take
SMALL CAP PORTFOLIO 3.10 pm Updates Will add 1% weighting in MP1 at 1007c Also adding a small position in HZR of 2% at 62c. Will also add a 1% holding in ABB at 360c on the capital raising. Would add more on a fall below the CR price. SYM deal is a good one.…