The ASX200 has finished the day up 23 points in a narrow day of trade. Utilities was the best-performing sector thanks to AGL’s big 10% rise. The company reported a quadrupling in first-half earnings and expects full-year revenue to come in at the top end of guidance. Tech also had a strong performance following the NASDAQ higher, WTC and XRO up 3.1% and 1%. Big banks…
ZIP going well,now M&A talk. India is the new China. GQG is my play. Seems the consumer is alive and well. Bullock’s first press conference
US equities rebounded overnight after a previous session's selloff. Despite a subdued start, markets rallied towards the close. The S&P 500 gained 0.2%, with the Dow Jones gaining 141 points. The tech sector lagged, tempering overall gains. NASDAQ eked out a modest 0.07% gain. Meanwhile, US Treasury yields dipped as markets awaited signals regarding potential…
The new RBA rhythm refreshes the parts Philip Lowe didn’t reach. Catch the knife anyone – The Chinese stock market bounced yesterday. Magnificent Seven or Sensational Six – Tesla is down 38% in six months and is 55% below the 2021 high. Lithium stocks came alive overnight. For a night. Resources drift. Iron ore price downgrades. And there it is – a sell signal on the CBA a week ahead of results. Right on schedule. India – it doesn’t matter which ETF you buy.
ASX 200 slips from highs to end up 34 points at 7616 (+0.5%). Banks pretty much unchanged with CBA up 0.2% and NAB losing 0.2% on a change of CEO. MQG rallied 0.7% with insurers doing well again, QBE up 1.8% and GQG having a good day up 7.4%. FUM numbers helped. REITS recovered GMG…
US equities kicked off the week lower as Powell dismissed speculations of imminent rate cuts, and the market digested a mixed array of US earnings reports. The Dow traded lower all day, falling 274 points (-0.71%). Down 434 points at worst. S&P 500 lost 0.32%, and the NASDAQ fell by 0.20%. The US services sector…
SUMMARY Selling FANG to take a profit, chart going parabolic. India ETF NDIA hits a 52-week high. BHP has a nasty fall, FMG sell signals. TLS prints a daily sell signal but not enough reason to sell. WDS performing well, moving averages in steady uptrend. OBSERVATIONS Selling FANG to take a profit, chart going parabolic.…
Powell talks – Market finally listens. US economy going gangbusters. RBA meeting today – No change. ZIP – why I still like it.
Taking some profits today – the market is topping out as the prospect of rate cuts fades.
