Market Take
Microsoft makes it three from seven. Not quite tempted into SNAS. US Reporting season sees volatility continue. Is the Great Rotation over or just slowing?
Read more
Henry’s Take
Gold the focus and not just in Paris Idea of the Day- BGL – Opportunity Knocks. Again. OPT pullback – could be worth a look
End of day Report – Inflation Meets Expectations, Alleviating Concerns of Imminent Rate Hike
ASX 200 has finished the day with a huge rally up 139 points or 1.8% to 8092. It’s best session since November 2022. All major sectors closed in the green after an after-hours chip stock bounce in the US combined with a mid-morning inflation numbers boost (+1% QonQ in line with expectations). Rate-sensitive Technology was…
End of Day Report – Fortescue Shares Drop 10.2% Amid $1.8 Billion Sell-Off
ASX 200 rallies off lows to close down 36 points at 7953 (-0.5%) as banks steadied after early falls. CBA up 0.8%, and the Big Bank Basket rising to $231.70 (+0.4%) as ANZ copped a broker downgrade. Financials were generally steady, with REITS under some pressure, GMG off 0.5% and SGP down 0.7%. MPL rose…
Pre-Market Report – Global Sales at McDonald’s Fall for First Time in More Than Three Years
Wall Street ended virtually flat overnight ahead of a big week of tech earnings, Fed interest rate decisions and US labour data all due this week. The Dow slid 49 points (-0.12%). S&P 500 and NASDAQ finished near flat, up 0.08% and 0.07%, respectively. Small caps Russell 2000 underperformed, down 1.09% and Wall Street's ‘fear…
Market Take
The Great Rotation stalls? Are our Small Caps having the same revival? Banks v Resources What does ‘the hill’ say about the economy?
Henry’s Take
Two uranium stocks added yesterday – Too soon it seems. A look at how ZIP shapes up against Affirm. Ask the Analyst next Friday.
Market Take
Big Week – Results/Central Banks. Could the ‘Carry Trade’ unwind cause more volatility. Brokers preview upcoming results. Elliott Wave Theory. Holding NDIA – Happy.
Henry’s Take – It Was All Yellow
Gold set for a good day PSQ gets another bid. Buying BOE and DYL as Uranium steadies. US Check-Ins ahead of Fed this week.