Wall Street closed sharply lower after hotter-than-expected inflation sent stocks and bonds sliding signalling the Fed will be in no rush to cut rates this year. The Dow traded lower all session before finishing down 422 points (-1.09%). S&P 500 off 0.95%, NASDAQ down 0.84%, and small caps Russell 2000 underperformed, losing 2.52%. Treasury yields…
Lithium finding friends. Commodity stocks still in demand. WIRE going well. Has Goldilocks left the building? Thoughts on watching Peter Deng (Open Ai) present.
SUMMARY Hot CPI Number is another excuse to sell – but will anyone? No "Big Bad Day" – US market damage contained – so no change to Strategy yet. Big pop in bond yields – a whole rate rise in a night. Interest rate-sensitive sectors top out (Housing, REITs, Banks, Small Caps). Might get those…
SUMMARY Wall St drops. Inflation slightly higher. Bond yields up. Gold to come under pressure. SNAS ready to come alive. Glad to be in cash for FMG and MQG One Stock Portfolios today. BPT off to a negative start. Setting a stop loss at $1.52. Oil up overnight will help it and KAR. SFR gives…
ASX 200 closed down 35 points to 7814 (-0.4%), giving up yesterday’s gains but rallying from the open low after US CPI data came in hotter than expected. Pushing back rate cut expectations. Rate-sensitive sectors came under significant selling pressure, with the big banks getting clobbered. The big four all ending in the red, ANZ the biggest laggard, down 1.4%, while…
Rare earths attracting attention. BHP is a copper stock. AZS and APM higher. The new OZL? SXSW and Ai How to get to the moon.
Wall Street ended mostly higher overnight, erasing losses in the final minutes of trade, a day ahead of inflation data. The Dow finished essentially unchanged, down 9 points (-0.02%). Up 100 points at best, down 321 points at worst. S&P 500 gained 0.14%, regaining its 5,200 mark after briefly dipping below it, while the NASDAQ…
SUMMARY S&P 500 hovers at record highs. Short term EMA is flat lining. Adding Beach Energy (BPT) for a post negative announcement recovery. Staying in cash in the MQG One Stock Portfolio. See Marcus Take for more. NASDAQ up again slightly. No change to SNAS. SFR enjoyed a morning spike before closing near flat. No change.…
Waiting for Godot – the CPI number tonight. A new AI ETF lands in Australia. Iron ore up again. Macquarie and the US investment bank results. Buying a trade in an oversold energy stock. Education Corner – Investors versus Traders.
