Wall St closed higher on Friday night as markets digested positive big tech earnings and employment numbers. The Dow Jones rose 135 points (0.35%) and the S&P 500 up 1.1%. Bond yields saw large gains after January nonfarm payrolls in the US surpassed expectations, posting a headline gain of 353k jobs, well above the anticipated…
Buy any dip All-time highs Meta goes Mega RBA meeting next week Uranium in focus.
The ASX 200 powered back up another 111 points to an all-time high of 7699 (+1.5%) as US tech took off. Green across the screen, banks found buyers again with the Big Bank Basket up to $199.37 (+1.4%). CBA jumped 1.5%, with MQG up 1.7%, but the real stars were the REITs GMG up a…
Never a Dull Moment There are always decisions to be made. Never a dull moment looking after our superfunds. We’ve enjoyed a great run for the last few months and are sitting on some very nice profits. The question now is “how long will the good run last”, and what to do about it? Last…
US stocks rebounded on Thursday, with the S&P 500 rising 1.25%, NASDAQ gaining 1.30%, and the Dow advanced 370 points to 38,520. Concurrently, US Treasury yields dropped to their lowest levels in 2024 due to concerns about the regional banking sector and higher-than-expected jobless claims. The 10Y yield fell 5.9bps at 3.871%, 2Y yield fell…
SUMMARY A host of sell signals after yesterday’s bad day. Reversal expected today. Big tech jumps after hours. No knee-jerk is looking good. WDS set to fall after oil drops on false cease-fire reports. Ready to sell if need be but not today. No changes to One Stock Portfolios. Iron Ore has a third down…
Back on after the traditional dummy spit. RBA meeting next week and it is a big one. No Hard or soft landing. A Skim perhaps?
US equities fell sharply on the final day of trade in January following the Fed's decision to maintain interest rates, dispelling any hope for a rate cut in March. All three major indexes came under pressure from mega-cap tech stocks, exacerbated by disappointing results from Alphabet (-7.4%). The S&P 500 recorded its biggest loss since…
SUMMARY ASX200 breaks resistance and hits all time high. Sell signals on NASDAQ and S&P500 ETFs. Short term stuff. We will hold on to our FANG bet. Oil falls as Manufacturing activity contracts in China. Not selling WDS. MQG sees a bullish 2.5% rally from intra-day lows. No change. BHP share price consolidating. Not buying.…
