ASX 200 rises another 38 points to 7515 (+0.5%) as banks and iron ore miners lead the market higher. The Big Bank Basket continued higher, $197.85 (+0.75%). MQG doing well on the market rally, up 1.6%. Insurers firm as QBE rises 0.6% and IAG up 1.5%. REITS steady, not going too far. Industrials firm, staples…
The S&P 500 marked a record-high close for the second consecutive session overnight, driven by tech stock gains. The index rose 0.22% to 4,850.54 points, while the NASDAQ rose 0.32%, and the Dow gained 138 points (0.36%) closing above 38,000 for the first time ever. Small-cap stocks rebounded, with the Russell 2000 up 2.01%. Treasury…
ZIP delivers with more to come. LTR – Where to now? Portfolio Changes – Chopping TLG. Takedown Tuesday – WES in focus. More than Bunnings?
SUMMARY MQG underperformed the market yesterday, hitting support before settling lower. BHP prints a buy signal as expected, also underperformed the market yesterday. Not getting back in yet. NASDAQ hits a 52-week high, overbought on both a daily and weekly basis. Uranium loses momentum. Financial sector hits a 52-week high along with the CBA and…
Wall St holds its gains but we did our dash yesterday. Resources dragging their heels whilst Banks hit highs. Politics beginning to swamp the headlines. US Results season to fill or kill the Big Tech rally. US Inflation number this week.
US markets closed strongly higher over the weekend, driven by big tech and AI optimism. The Dow Jones gained 395 (1.1%) points, the S&P 500 1.2% and the NASDAQ 1.7%. Nvidia and AMD were the best performers, up 4.2% and 7.1% after info tech company Super Micro Computer made a $800m upgrade to its earnings…
ZIP provides update – Positive. Nickel – Another one bites the dust. Competition in deposit accounts. US Check In Ask the Analyst 2nd February.
The ASX 200 has started the week strongly, up 55 points to 7477 (0.8%) on the US market rally and tech enthusiasm. Banks leading the charge with CBA up 1.3% and NAB up 1.1% with the Big Bank Basket up 1.3%. REITs too in demand as yields fall, AU10Y down 5bp. GMG leading with a 1.3% gain. Industrials…
Predictions. Predictions are everywhere. It’s that time of year. Weather predictions, political predictions and of course financial predictions. Foreseeing the future has been an obsession for the human race for centuries. At one time you might have been burned at the stake if you got it right. Now you just lose your reputation when you…
