THE WEEK THAT WAS Two days back, the market is racing ahead—All-Time highs, banks leading the charge—again. On Friday, I wrote that CTT could be one to watch for a bounce. And so it came to pass—up 13%. I dithered as I have not got my feet under the table yet, but it was clearly…
Wall Street ended the week on a positive note, with gains across all major indices. Fresh economic data reinforced bets that the Fed will cut rates in September, and banks kicked off the start of the US reporting season. The Dow traded higher all session, topping 40,000, narrowly missing a fresh all-time high, up 247…
Good Morning Everyone. The ASX 200 hit a new all-time high on Friday after jumping 140 points in two days. That was driven by a better-than-expected US inflation number which drove the US markets to record highs (again and again) as well as the Australian bank sector, which was up 3.54% last week. A rather…
Back on deck – Thoughts on QAN Lots of cash now. Banks have been the stars. Resources have been woeful,time to buy perhaps?
Wall Street ended mixed overnight. Bets that the Fed will cut rates earlier rose on softer-than-expected inflation data sending bond yields tumbling and driving a rotation out of big tech. The NASDAQ fell 1.95% hit by losses in Nvidia -5.6%, Tesla -8.4% and Apple -2.3%, ending its seven-day streak. S&P 500 eased 0.88%, snapping its…
SUMMARY Solid day in Trading Ideas yesterday. AD8 has a strong bounce as predicted, will see if it can hold onto some of its gains after the NASDAQ falls over. Gold will be all the rage today. Starting to look good as expectations for rate cuts drop bond yields. A revisit of NST and EVN.…
ASX 200 hits record high, up 70 points to 7959 (+0.9%), as banks once again show a clean pair of heels. CBA pushed to a record, up 1.3% and a higher valuation than BHP!. The Big Bank Basket up to $226.11 (+1.4%). MQG remained stagnant, and insurers slipped back as bond yields fell after US…
ASX 200 kicked towards all-time highs, up 73 points to 7890 (+0.9%) as rate cuts seem to be back on the agenda. US CPI tonight and some caution creeping in. As usual, the banks led the charge higher, with CBA hitting a new high, the Big Bank Basket hitting $223.09 (+0.7%). Insurers continue to push higher…
Wall Street finished strongly higher overnight, ending near session highs fuelled by gains in heavyweight tech stocks. The S&P 500 rose for a sixth consecutive session, up 1.02%, topping 5,600 for the first time in history. The NASDAQ advanced for its seventh straight record-high close, up 1.18%. The Dow popped 429 points (1.09%). Up 444…
