US equities ended in red overnight, giving up most of the morning's gains with a sharp selloff in the final hour of the trading session, sending the Dow and the S&P 500 down for their third consecutive session. The Dow fell 31 points (-0.08%). Up 126 points at best, down 36 points at worst, the…
Have we jumped the Shark? Is it a Bird? Is it a Plane? Are interest rates Table Mountain? Have you noticed Ai in your life?
NASDAQ down 3 days on the trot. End of the Quarter rebalancing could do something odd. Iron ore down 4% – rally over. Lithium folding up again. Trump’s Media company listing – $10bn market cap – Revenue of $3.4m. Making a loss. 29Metals – tough lesson for traders. Australian Inflation numbers today. US inflation numbers on Friday night.
SUMMARY Bringing back the 3EMA charts today. Iron ore down, lithium stocks down. Keeping MIN for now, stop loss at $65.7. Glad we didn’t get sucked into buying anything else Iron Ore related. Not buying FMG in the One Stock Portfolio. MQG One Stock Portfolio in cash. No change. Gold up slightly, no change to…
???? ASX 200 kicks another 39 points higher to 7820 (+0.5%), on better-than-expected CPI number. 3.4% slightly ahead of consensus. Good news and bad. Banks as usual the winners, with the Big Bank Basket up to $209.95 (+0.8%). Insurers jumped after the CPI showed price hikes still above and beyond inflation. QBE up 1.2% and SUN…
Wall Street ended in the red overnight in a quiet rangebound session after the biggest weekly percentage gains for the indexes this year. The Dow Jones traded lower all session ending near session lows, down 162 points (-0.41%), the S&P 500 and the NASDAQ fell 0.31% and 0.27%, respectively, while the Russell 2000 notched a…
CNB rest day today? GMD – upgrades. DXB – Pitt Street Research has a 63c valuation. Quick Takes- REITs and Bunnies
Gold likely to do well today. Holding BGL and NST. Bitcoin up 11.6%. SQ2 set to benefit. JMS drops 8.5%, shouldn’t have said it yesterday. Will hold with a stop loss just under 20c. MIN’s iron ore exposure offsetting lithium’s short-lived bounce. Uptrend still in place. No change to LLC. Back on the up. Tempted…
SUMMARY Bond yields up. Markets down (only a bit). Enjoying the ride. Sceptical but no cracks yet – holding at the top. Debating buying FMG. But not buying it. A boring income stock 36% below intrinsic value. Mention AI and off you fly – Webjet – not complaining. Bitcoin up 11.6% and above $70,000. Just…
