ACTION TODAY I am adding AWC to the IDEAS PORTFOLIO on the open. SUMMARY FOMC, Bank of England and Bank of Japan Meetings this week. If rates were coming down, why are bond yields going up? Resources held up OK in the US. Hoping for them to do the same today. Tech sell-off in the…
We are 4.62% below the post-pandemic high and up 1.14% from the pre-pandemic high. We've spent three years and seven months going up 1.14%. No wonder the Selfwealth share price is down from 80c to 15c (see below). I see SWF's share price as a barometer of stock market enthusiasm. SWF is a short-term stock…
Wall Street closed higher overnight, ending just off best levels after strong economic revived hopes the Fed will be able to engineer a soft landing even if rates are higher for longer. The Dow rose 332 points (+0.96%), trading higher all day, up 402 points at best. The S&P 500 topped 4,500, up 0.84%. The…
SUMMARY Futures up 88. The Ideas Portfolio will be looking a lot better today. Big rally in iron ore stocks overnight is perfect for us. BHP and RIO up 4% in the US. JP Morgan upgraded RIO and Anglo American by 10% on the back of the iron ore price. Other brokers will be doing…
The ASX 200 finished the week on a positive note, finishing sharply higher up 93 points to 7279 (+1.3%). For the week, the ASX 200 gained 122 points (+1.71%). All sectors finished in the green today. Mining and resource sectors were the top performers, with BHP, RIO and FMG all up over 3%, supported by stronger commodity prices…
US markets finished mixed overnight after inflation results reinforced speculation the Fed will pause its rate hikes. The Dow fell 70 points (-0.2%). Up 121 at best. Down 136 at worst. The S&P 500 and NASDAQ finished near 50-day moving averages, up 0.12% and 0.29%, respectively. US bond yields traded in a narrow range, 2Y…
CPI a Non-Event. What now with the Ideas Portfolio? Why Australian interest rates have peaked. Some Shocking Predictions from Livewire.
