Market Take
Volatility is back. US Markets talk a different talk. The SAHM indicator for recessions. Happy to be watching from the sidelines.
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Pre-Market Report – Apple’s Q3 Results Top Projections, Driven by Services Growth Amid Lower iPhone
US equities kicked off August sharply lower. The market whipsawed to risk-off just a day after the S&P 500 and NASDAQ recorded their best daily performance since February, on Wednesday. The Dow ended 495 points lower (-1.21%). Up 254 points at best. Down 744 points at worst. The S&P 500 lost 1.37%, just one day after…
Henry’s Take – Murder on the Dance Floor
Cutting LRS today with the new rule. OPT – Going well. Uranium stock hammered on NXG capex update. Ausbiz Investment Committee agrees on one thing!
End of Day Report – Australian Shares Dive Amid Global Market Volatility
ASX 200 drops 172 points in the worst one-day fall in 16 months, to 7943 (-2.1%). For the week, we are relatively unchanged. All that record-breaking rally was undone. Big hits across the board as US markets led us lower and Japan in trouble. Banks were sold off aggressively, with CBA leading the sell off down…
Pre-Market Report – Meta Projects Upbeat Q3 Revenue Following Strong Quarter
US equities rallied overnight, driven by a surge in tech stocks and dovish commentary from Powell. The S&P 500 climbed 1.58%, with six out of ten sectors advancing, led by tech and consumer cyclical stocks. The NASDAQ rose 2.64%, its second-biggest daily percentage gain since February. Buoyed by gains in Nvidia, up 12.8%, on positive sales forecast…
Market Take
FOMO is strong – But is this the start of a new sustained move? Volatility is back. The Great Rotation. Gold and uranium in focus.
Henry’s Take
Added more gold exposure in BGL yesterday. PSQ gets a knock-out bid. CZR remains of interest despite delays. Uranium bounce. Results season thoughts.
End of Day Report – ASX 200 Reaches Record High as Banks Ease; DroneShield Plummets
ASX 200 rallies only 22 points to 8115 (+0.3%) as good times roll. Record high. A slight sell-off in the banks with a tentative rotation to resources. BHP up 0.5% and RIO doing much better up 1.9%. FMG underwhelmed, although up another 0.6%. Gold miners better but still no real frenzy, NST up 0.9% and…
Pre-Market Report – Sluggish Cloud Growth at Microsoft Points to Delayed AI Payoff
Wall Street finished mixed as mega-cap tech stocks extended their losses in late trade as Microsoft’s results fuelled concerns over AI. The Dow advanced 203 points (+0.50%) with gains in major banks offsetting losses in Merck -9.81% and Procter & Gamble -4.84%. Dow up 326 points at best. Down 11 points at worst. S&P 500…