Henry’s Take
BHP/RIO – Yesterday’s 2.30pm update suggested taking some profits. Shorts have been squeezed hard but that will pass. Hurricane Helene throws up opportunity perhaps?
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Henry’s Take
Another crowded trade to consider. A commodity that everyone hates. China stimulates again on the weekend ahead of Golden Week. US Check-Ins.
Henry’s Take
Banks v Resources It is all about sentiment! Is that a bazooka in your pocket? China takes another step. A look at KAR and PMT.
Pre-Market Report – Meta Introduces AR Glasses Prototype, Dubbed Zuckerberg’s ‘Time Machine’ to the
The Dow Jones lost 293 points (-0.70%) and the S&P 500 retreated 0.19% pulling back from recent record highs. The NASDAQ eked out a small 0.04% gain, while small caps underperformed, with Russell 2000 falling 1.19%. Meta unveiled Orion, its first augmented reality glasses prototype and the market responded positively, shares rose 0.9% closing at a record…
Henry’s Take
After the Bazooka – Smoke Clears? Damage? Big Bank v Big Resources. Uranium back in fashion? For now anyway! ZIP could have a bumper Xmas. Only 90 days away.
End of Day Report – Chinese Stimulus Brings More Resource Cheer
ASX 200 closed up 77 points to 8204 (+1.0%) as resources took off again and banks stabilised. More Chinese stimulus announced. Modest losses in the big four with CBA down 0.4% and WBC off 0.7% with the Big Bank Basket at $235.04 (-0.3%). MQG ran 1.8% higher to a new record, Insurers better too, QBE…
Pre-Market Report – Visa Faces Accusations of Debit Card Swipe Monopoly by US Regulators
S&P 500 rose 0.25%, closing the session with its 41st record close for the year. The Dow too notched a record close, up 84 points (+0.20%). Up 156 points at best. Down 68 points at worst. NASDAQ advanced 0.56%, while mega-cap tech stocks were mixed. Nvidia jumped 4.0%, while Microsoft and Meta eased 1.0% and…
Henry’s Take
Added RED yesterday. Cry Havoc and Let Slip? Pan fires the bazooka. Resources looking for a reason to rally. Plenty of shorts!
End of Day Report – Australia’s Inflation Rate Reaches Three-Year Low
ASX 200 drifted 16 points lower to 8126 (-0.2%) as the ‘Great Rotation’ continued with banks weaker and resources pulling away. BHP up 3.8% with RIO up 3.8% and MIN rising 5.4%. Base metals also in demand, S32 up 3.0% and LYC up 4.3% with lithium stocks slightly higher. Gold miners are also in demand…