Henry’s Take – The Five Should Take Notice
Four big things happened last night. The Art of Arbitrage. Buffett has made a fortune from it. Fat and Happy at Easter.
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Trading Section
SUMMARY New trades off to a positive start despite the opening premium. BGL performed best. LLC has a nasty fall. Closed on the 2x ATR stop loss level, will exit if it opens lower but hold if it opens higher. Update: Opened higher. Will hold for another day. Staying in cash in the One Stock…
Marcus Take Friday – Three options if you’re looking at your Super
Futures down but everything else up. Three options for looking after your own Super. Jobs numbers dent rate cut hopes. Coming up next week – CPI numbers, Easter and CBA pays its dividend. A look at Webjet (WEB – we hold) pops on Strategy Day. Stock market flying and we don’t hold Macquarie (MQG).
Retirement Today – Personal Contact
My mobile was lying next to me rumbling away on speaker phone. I have taken to using speaker phone when I call one of our big companies so that I can get on with something useful while it gets around to answering. ‘Please press 1 if you want A, press two if you want B,…
Pre-Market Report – Fed Sees Three Rate Cuts in 2024
US equities advanced overnight after the Fed reaffirmed that rates could be cut as many as three times this year. The Dow Jones rose 401 points (+1.03%), reaching all-time highs. Up 418 points at best, down 122 points at worst. S&P 500 also hit a fresh record high, up 0.89%, and the NASDAQ advanced 1.25%.…
Henry’s Take – Stay Long and Sing a Song
Stock updates. Fed tilts a little. No real surprises. Lithium looking better. Uranium too. Copper stocks in focus. Where do the ideas come from?
Marcus Take Thursday – Fed behaves. Bonds drop. Markets rise.
Its all on this morning. The Fed Meeting didn’t change anything for the worse – dovish, three cuts coming – as desired (see below). US markets have discounted the three, not four cuts message already. Bond yields dropped 1.6bp and 8.1bp (10Y and 2Y). SPI Futures up 47 after a 7 point drop in the ASX 200 yesterday. Dow Jones up 400.
Trading Section
SUMMARY Bond yields down, tech up, gold up, bitcoin up, lithium stocks higher. Risk goes back on. Time for some trades. Adding SQ2 for some tech and bitcoin exposure (they own ~$340m worth). Adding BGL and NST for gold exposure. BGL more risk but more potential. Adding MIN to play the lithium bounce (plus iron…
End of Day Report – Unemployment Rate Better-Than-Expected
The ASX200 has finished the day strongly, up 86 points (1.1%) to 7782. Closing near the high, the 11:30 jobs number caused nothing but a brief dip. Financials performed best with the big four banks jumping higher. CBA up 2%, NAB up 2.6%, WBC up 1.9% and ANZ up 1.1%. This was followed by Real…