SUMMARY Holiday in NSW QLD will crimp volumes. Is October really that bad? US Check Ins with Feat and Greed? Why its not optimal to hire an EV in the UK. SMALL CAP PORTFOLIO UPDATES A few changes last week as I wrote in the weekend edition. I now have only 17 stocks in the…
Dow Jones down 159 points (-0.47%) overnight on Friday, closing near the low. NASDAQ up 0.14% and S&P 500 down 0.27%. The week continued to be dominated by higher for longer rate fears, as the oil price saw some modest profit taking after its recent run. Bond yields rose as the US 10-yr was up…
The ASX 200 started the December quarter on a negative note, down 15 points to 7033 (-0.2%), following a choppy day of trade ahead of the RBA meeting tomorrow for its rate decision (hold is expected). Most sectors finished in red today. Defensive utility stocks were in demand, with ORG up 1.0% and APA gaining 0.7%. REITS and…
2.30pm Updates No changes today. DRE back trading at around the capital raising price. Some short covering in CXO post results and miners generally doing better with lithium finding some bargain hunters. Happy to see the LTR /PLS switch idea playing out ok. Speculative Stock of the Day: Biotron (BIT) +% Response to ASX query.…
Good Morning everyone. We are on MARCUS LITE today with an empty office in Melbourne (State Holiday). Henry is on HENRY HEAVY, although he has a State holiday on Monday. The ASX is open on both days. We will provide a Morning and End of Day email today and on Monday. The WEEKEND newsletter will be produced as usual on Saturday.
ASX 200 rallied 24 points to 7049(0.3%) in quiet trade. Holiday in VIC today. Holiday in other States on Monday. China closed too. Miners have been in focus in the last few days, BHP up another 1.2% with RIO and FMG joining the party. Lithium shrugged off its recent depression with PLS up 1.9% and AKE up 2.1%. LTR slipped 1.3% on a KV update. Costs up 6% since January. Gold stocks also in demand as bargain hunters scratched around in the ashes,
US equities ended the session mixed overnight in a volatile day, with the market recovering from its low. The oil price the main concern – up 2.6% as crude inventories at the Cushing storage facility in Oklahoma hit a one-year low. The US has run down their Strategic Reserve at just the wrong time. Higher…
SMALL CAP PORTFOLIO 2.45pm Updates Few changes today with the sell-down of LTR at 299c to a 1% weighting. Gina buying more around 300c it seems. I have also added another 1% in LRS following the Colina update this morning. I think this is good news and the market is not valuing the opportunity. The…
