SPI Futures down 46. A much higher jobs number than expected didn’t seem to disturb the US equity market last night (Big Tech immune?), but bond yields popped along with the US dollar (+0.81%), which killed commodity prices, metals, gold, and the resources sector. Our market is closed on Monday. Otherwise, it was a great week…
THE WEEK THAT WAS It's always interesting. There's always something going on. This week, we saw the ASX 200 push higher, led by the market's growth engine, the banks. It is crazy, really, when you think of it: The banks are rallying to all-time highs as growth stocks. Strange days. In an economy that is…
Wall Street finished in the red overnight in choppy trading, following stronger-than-expected jobs data that prompted concerns that the Fed would wait longer to cut rates. The Dow lost 87 points (-0.22%). Up 219 points at best. Down 134 points at worst. S&P 500 off 0.11%, and NASDAQ retreated 0.23% with all megacaps but Apple…
US equities and bonds took a breather overnight ahead of key non-farm payrolls data tomorrow. The S&P 500 and NASDAQ were little changed, edging lower by 0.02% and 0.09% retreating from yesterday's record highs. Both touched fresh intraday highs before tech stocks slipped, weighing on the indices. The Dow Jones eked out a small gain, up…
SUMMARY Falling bond yields fuel fresh momentum into GMG. Hit a record high yesterday. KGN opens higher yesterday before closing on a long-term support level. TNE hits a record high. Up 13% in 2.5 weeks since adding it back to Growth Portfolio. No relief for SPK yet. Hovering slightly above the recent four-year lows. MEZ closes…
SPI Futures up 18 – Low volume last night. Jobs tonight – predictions of a weak number. Canada Cuts, the ECB cuts – Will Australia cut? No. The Wall of Money – a 3-5 year bull market. ASX closed Monday.
Added two lithium plays yesterday Does it matter if central banks don’t cut? Who sets your mortgage rate anyway? GQG knocks the lights on FUM
ASX 200 pushed 38 points higher to 7860 (+0.5%) for a third day of gains. Up 2.1% this week. Today resources took up the running, the Three Amigos of Iron ore kicked higher, BHP up 1.1%, and FMG rallying 1.3%. Gold miners were also in demand on bullion highs, NEM up 2.9% and EVN up…
