Henry’s Take – Star Struck in Melbourne
ASA Conference – Star Struck and Ai Active v Passive Investing from Staude Capital. Ask the Analyst Friday at 5.30pm. The Great Resource Boom.
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Trading Section
SUMMARY NASDAQ and bitcoin rise overnight. Good for LNAS and SQ2. Commodities fly yesterday. Uranium, gold and copper the biggest winners. Oil a touch down overnight. BPT was initially left behind its peers yesterday before managing a late rally. ORI rises on its exposure to the mining sector. JLG and ILU miss out, both giving…
Marcus Take
At the ASA today – presenting at 2:15pm – A “Fireside chat” with Henry. Strategists getting bullish. A bit more on the anatomy of the ASX 200. Great Expectations – All eyes on Nvidia, RBA Minutes today. Fed Minutes Thursday morning. Education Corner – The Marcus Today Axioms.
End of Day Report
The ASX 200 has finished the day down 12 points (-0.15%) to 7852. Holding onto most of yesterday’s gains and still within 1% of the all time high. Tech performed best following the NASDAQ higher. WTC (+0.7%) and TNE on results (+4.6%) leading the sector. Industrials were next as BXB, CPU, SVW all gained around…
Henry’s Take
Resource Boom. Yes it’s real. Crunch week for BHP Silver in focus. US Check Ins Who is the CEO of TLS?
Pre-market Report
US markets closed slightly higher on Friday night, save for the NASDAQ down a small 0.07%. The Dow Jones rose 134 points or 0.34%, closing above 40,000 points for the first time ever. The S&P 500 gained 0.12%. Bond yields ticked higher The US 10Y +4.7bp and the 2Y +3.4bp after Fed official Bowman said…
Trading Section
SUMMARY Oil rises on Friday night, BPT set to continue its good run. No change to LNAS or SQ2. Good chance the NASDAQ will lack direction until NVIDIA results. No change to JLG, ILU or ORI. -1.9%, +2.9%, +1.4% for the week respectively. PLS seeing buyers return. Up 2.2% on Friday, down -1% for the…
END Of DAY Report
The ASX 200 has finished the day up 50 points to 7864, regaining most of what was lost on Friday. Energy overtook Materials as the best performing sector following news of the Iranian president's fatal helicopter crash. Brent has spiked to $84.40 and is now up 4% since its low last Wednesday. WDS and STO…
Marcus Weekend
There's not much to report overnight. Not much coming up next week. Nvidia results are about as exciting as it gets (next Thursday). A good week last week. Record highs in the US. We are fully invested in our Strategy and Income Portfolios and are trying not to catch the top getting re-invested in the…