Wall Street ended in the red overnight, weighed down by losses in chipmaker stocks for a second consecutive day. The S&P 500 dropped 0.27%, NASDAQ fell 0.30%, the Dow Jones lost 138 points (-0.35%), breaking its three-day winning streak, and the Russell 2000 underperformed compared to the broader market. February saw a higher-than-anticipated rise in…
ASX 200 fought back from large losses to close down only 43 points at 7670 (-0.6%). ASX 200 off 2.2% for the week. Weakness across the board from the outset, but bargain hunting took over in the afternoon. Banks found some buyers as the day wore on. CBA down 0.6% and WBC down 1.1%, with…
ASX 200 slipped 16 points to 7714 (-0.2%) as banks came under pressure finally. The index bounced off the 7705, around the level of the sell-off on Monday. Banks saw big sellers as Macquarie downgraded, WBC down 3.8%, CBA off 1.1%, and ANZ falling 3.8%. The Big Bank Basket down to $204.87 (-2.1%). MQG also…
Overnight, the S&P 500 and NASDAQ edged lower, driven by profit-taking in chipmaker stocks. The Dow inched up 38 points (+0.10%), while the S&P 500 dipped 0.2%, and the NASDAQ fell 0.5%. PHLX Semiconductor eased 2.5% following recent strong gains, up 16.61% YTD. Treasury markets stabilised after a robust auction of 30Y bonds, contrasting with…
LTR funding package. Would you be happy short PLS? Barry Believes. A look at MQG from The Call yesterday. Is WOW a once-in-a-decade opportunity?
SUMMARY LLC kicking goals. Up 6.6%. Exiting BOE with a loss. Too volatile and the spot price has taken a dive. S&P 500 ETF IHVV hits a 52-week high. Held in the Strategy Portfolio and up 24.7% vs IVV’s 20.6%. No change to MQG, bond yields rising. Things still looking toppy. BHP hits a 52-week…
Bond yields going up again. Interest rate sensitive sectors at risk. Big week of Central Bank action coming up – FOMC, RBA, BoE, BoJ. Big Tech momentum fading. Selling BOE in the Ideas Portfolio (Uranium too volatile). Iron ore down again. We have no BHP, RIO or FMG. 17% cash in both the Income and Growth Portfolios. Strategy Portfolio still fully invested. Waiting for that “One Bad Day”. No sign of it.
SUMMARY There are Income Stocks – and there are stocks with high yields. Why brokers are always wrong about the CBA. Why brokers say STRONG BUY. CPI behaves – climbing the Wall of No Worries. Growth and Income Portfolios are now in 17-18% cash. Selling PPT today (it's now gone ex-dividend). Lots of Central Bank…
SUMMARY BOE recovers from another soft open to finish in the green. BHP chart getting worse by the day. Close to oversold. MQG hovering near highs. Not buying. Japan and India ETFs print weekly sell signals. SUN hits a 52-week high. WDS hits a 52-week low despite the oil price fairly steady. OBSERVATIONS BOE recovers…
