The ASX 200 has started the week down 17 points (-0.22%) to 7751 as Tech, Health Care and Banks weighed on the index. WTC sold off all day, down 5.2%. MAQ off 3.5%. PME hammered 5.3%, its worst day since the February results drop. RMD and COH down 1.7% and 2.9%. Banks finished mixed but…
It’s the end of the financial year, and there are just a few tiny messages that would have made the last year fantastically successful, including, of course, “Buy Big Tech”, but also (surprisingly) “Put all your money in the Banks”. On the flip side “Don’t bother with Resources” and “Don’t touch anything to do with…
US equities waned on the last trading day of June as markets digested the latest economic data. The S&P 500 fell 0.41% after touching a fresh intraday record high of 5.5k. The Dow Jones eased 45 points. Dow up 280 points at best. Dow down 227 points at worst. The NASDAQ lost 0.71%, while the…
Wall Street edged higher overnight following a choppy trading session amid mixed economic data ahead of tomorrow's PCE reading. The Dow Jones and S&P 500 ended near flat, both up 0.09%, while the NASDAQ managed to eke out a small gain of 0.30%. Busy night on the economic front – data showed US manufactured goods unexpectedly fell in…
End of Financial Year window-dressing abounds. Low volume in the US – inflation figures tonight. Could be good. Strategists getting negative on the US. Talk of multiple rate rises in Australia. Presidential Debate this morning. Education Corner – Why are we here? – Ithaca explains.
SUMMARY AD8 has two bads days and dips below its short-term uptrend. Close to being stopped out. EOS has another gain. Now up 12.5%. Has been a winner this year so not expecting any tax loss selling. Same goes for TWE and AD8. No change to WDS. Oil up overnight. WDS is down 12% since…
SMALL CAPS PORTFOLIO Doing a bit more tax-loss selling today – It's the last day of the financial year. No doubt they will all bounce Monday but whatever. Let's clean this up. Leave a clean sheet for Henry on his return. Selling A1M – Copper stock. The copper trade is over for now. It may well…
The ASX200 has finished the day and financial year up 8 points (+0.1%) to 7768. Losing a 60-point gain from midday as tax loss selling crept in. US presidential debate not impacting our market. Technology was the best performing sector for the third day in a row. Following a small NASDAQ lead compared to a…
US equities closed broadly higher overnight following a choppy day of trade. The Dow edged up 16 points (near flat). Up 72 points at best. Down 203 points at worst. The S&P 500 rose 0.16% and is on pace to enter the second half of the year with a gain of ~15% YTD. The tech-heavy…
