SUMMARY Wall St sells off lead by the NASDAQ. Has the short-term top hit? Daily sell signals from the REIT, consumer discretionary and financial sectors. MQG in cash and coming off the top. No change to LLC and BOE trades. No change to BHP One Stock Portfolio. Markets appearing unimpressed by the latest round of…
Was that the Big Tech Top? Far too early to say. And Nvidia was up. Our Futures only down 10 – a lack of Tech helps sometimes. Cynicism over China’s “meaningless” 5% GDP target. Concerns for Tesla’s and Apple’s Chinese sales. Lithium smashed again – Albermarle exploits the froth. Goldman predicts 25% fall in lithium from here. Short covering rally won’t last. Bond yields conming down nicely. Powell speaks 2am Thursday morning. Bitcoin tops out for a day. Lots of ex-dividends again.
Wall Street finished in the red, dipping in the final hour of trade following a rally that pushed the S&P 500 to its 15th record of 2024. The Dow traded lower all day, falling 98 points (-0.95%). Down 174 points at worst. The NASDAQ fell 0.41%, and small-caps Russell 2000 slipped 0.10%. The S&P 500…
SUMMARY MQG and BHP fall yesterday. Staying in Cash. BOE bounces after a Friday sell-off. LLC yet to come to life. Real Estate sector hits an all time high as bond yields drop. CBA pushes onwards and upwards. Hits another record high. Gold hits an all time high. ETFs on 52-week highs. SUMMARY MQG and…
Gold and Bitcoin. Lithium smacked as Tesla falls. Happy to have sold half my PMT. Bought in early in DRO. RMD discounting new machine.
Bitcoin – wave at me when you go past in your Lamborghini. Big Tech still running. Lots of signposts this week. Chinese GDP forecast coming. Lots of ex-dividends. A few directors buying bombed out stocks.
ASX fell 12 points at 7724 (-0.2%). Some weakness in a few sectors weighed. Banks eased back with the Big Bank Basket down to $206.08 (-0.8%). CBA leading the loss, off 1.0%. MQG slipped 0.3%, and GQG fell 1.8%, with REITs down a tad. Industrials weaker across the board, looking a little tired after reporting…
US markets closed strongly higher on Friday night after falling bond yields fuelled a renewed tech rally. The NASDAQ outperformed, up 1.14%. The S&P 500 rose 0.8% and the Dow Jones finished up 91 points (0.23%). Both the NASDAQ and S&P 500 hit fresh record highs. US bond yields had a large fall after US…
Gold in focus today. HM1 looking interesting as US activist takes 10%. US Check Ins. Big week for Central Banks. China too. Index changes announced.
