US equities rose overnight, with all three major indices finishing in the green as markets await the FOMC outcome tomorrow (Hold expected). Dot plots the focus. Dow up 320 points (+0.83%). Up 332 points at best, down 29 points at worst. S&P 500 +0.56% locking in a new record closing high, and the NASDAQ gained…
Record highs in the US as they wait for the Fed tonight. RBA dovish – bond yields and Aussie dollar dip. Nvidia messaging – data centre spend growing at 25% pa. Why Banks are at their highs. Because they are big not great. Some brokers buying Resources after the fall. The Copper and Nickel trade. Where to park cash. Nothing for nothing. The best income idea at the moment.
SUMMARY No change to LLC. TNE hits a 52–week high. Held in the Growth Portfolio. MQG can’t break back through resistance. Staying in cash. BHP and resources have a strong bounce. FMG prints a daily buy signal. Not buying yet. MAQ falls from overbought levels. Uptrend holding for now. OBSERVATIONS No change to LLC. TNE…
Fat and Happy at Easter? Resources taking it in turns.Oil and gas? Central bank week. What will we learn? Young people have sussed it.
ASX 200 limped 7 points lower at 7696 (-0.1%) after a positive start gave way to some apathy ahead of the Fed. Banks were firm with CBA up 0.5% and the Big Bank Basket slightly lower at $204.43 (-0.2%). GQG had a good day up 6.2%, with insurers better in places. REITs mixed, SCG up…
Bank of Japan today will be the big one and Nvidia Keynote speech. Two copper stocks doing well. More to come too, I suspect.
Wall Street closed higher overnight, driven by mega-cap growth stocks, which led a rebound in the Nasdaq after three consecutive days of losses. The Dow Jones advanced 76 points (+0.20%). Up 184 points at best. The S&P 500 rose 0.63%, NASDAQ gained 0.82%, while small caps Russell 2000 underperformed, down 0.72%. Google gained 4.4% on…
Bond yields rise again. Big Tech yet to crack. Big week of Central Bank meetings. RBA and BoJ today. Chinese economic data better than expected. Iron ore up 4%. Macquarie target price on FMG 42% below the current share price. The difference between forecasts and backcasts. The truth about broker research in the resources sector. AI smarter than humans within a year (depending on which human you compare it to). Elon Musk on prescription ketamine – obviously works.
Having technical issues with our technical software (no pun intended there). May update with the usual scans if we can get it up and running this afternoon. LLC continues to do well. Morgan Stanly had a positive update yesterday. BOE back to the price we originally bought it for (annoying). Hunting for new Ideas but more risk…
