The ASX 200 was up 53 points last week (+0.7%) in line with the S&P 500 (+0.57%). This week was all about the Fed Meeting, Apple and Amazon results (amongst many others) and last night’s jobs numbers. We survived them all. SPI Futures up 22 this morning. The Dow Jones was up 450 points, the…
THE WEEK THAT WAS The Force is Strong The Bulls are back. It has been a volatile week coming off the back of ‘Black Friday’ last week. Dominated once again by the Fed sucking the life out of any other conversation. When will they cut rates? Will they cut rates? Last night we got another…
Wall Street ended solidly higher overnight, breaking a two-day losing streak, as the market digested Powell’s more dovish-than-expected interest rate guidance and the latest round of mixed earnings and economic data. The Dow ended near session highs, up 322 points. Up 392 points at best, down 8 points at worst. Tech-heavy NASDAQ outperformed its peers,…
What to do with BLD? Strategy – It’s the earnings stupid! Lunch Ideas. BB1, CYP and IMU 4DS – Ai The Big Data Centre winner?
SUMMARY Risk on sentiment returns, the see-saw market continues. PLS benefitting today. BPT clings on yesterday and up 1.6% today. Oil flat overnight. Talk of OPEC extending production cuts if demand fails to pick up. ILU does well yesterday. No change. Up 2.4% today. Bond yields rise but gold drops. Looking for the next trade…
We survive again. Apple up 6.1% on results. Holding on still. Volatile stuff. Macquarie – Profit down 32%. “Cautious”, “Conservative” – Hmm. Fed’s dovish “No rate rise” news seen as better than “No rate cuts yet”. Jobs numbers tonight. Diary for next week. RBA Tuesday. Education Corner – 10 Farrell Rules. 10 Marcus Rules.
ASX 200 kicks another 42 points higher to 7629 (+0.7%) to finish the week up around 0.7%. Banks were better again post NAB with the Big Bank Basket up to $204.53 (+0.5%). MQG disappointed again. Three in a row, starting to become a habit. Down 2.2%. Insurers mixed, GQG better on div announcement, REITs up…
It’s the Data stupid! No rate change for a while! Sold all the AZS. Uranium on a charge-DYL in focus. BHP plays the long game.
Fed Predictable – Dovish if anything. Still got our finger on the trigger but haven’t pulled it yet. NAB Results look OK – share buyback increased. Dividend flat. US market popped and dropped. Bit weird. Apple tonight, Macquarie tomorrow. RBA Tuesday. What’s next after Big Tech results. Into the void. Education Corner – Corrections are Great! And what to do about them.
