ASX 200 jumped 128 points (+1.7%) to 7881 as good US CPI and better-than-expected local jobs data created a tsunami of buying in large caps. Big banks closed higher, CBA was up 1.9% to fresh highs, and the Big Bank Basket was up to $211.81 (+2.0%), close to a record high. NAB the standout up…

SUMMARY Tesla and lithium stocks up again overnight. Waiting for a rally in PLS as it nears its stop loss. BPT up 8%. Raising stop loss again to $1.64, although may take profits earlier. JLG recovers from an opening dip to print a bullish candle. No change. ILU and ORI have good sessions yesterday. Both…

Budget has little impact – Mild positive for consumer stocks. Powell sticks to the message – No rate rise. PPI numbers not great – CPI number tonight the next hurdle. Close to buying Growth stocks – but let’s let the CPI number come and go. See you at the ASA on Sunday. Education Corner – The Seven Deadly Sins.

ASX 200 finishes up 27 points to 7754 (+0.4%), basking in a warm post-budget glow. The main driver of the advance was retail stocks and BHP, which was buoyed by talk it may just walk from Anglo discussions. Up 2.2%. Some budget winners in focus today, with some of the critical metal stocks finding some…

Wall Street ended higher overnight, near best levels in another lower volume trading session leading into CPI results tomorrow. Markets shrugged off a mixed reading on producer inflation (PPI), and Powell signalled that interest rates will be higher for longer. Dow +127 points (+0.32%). Up 185 points at best. Down 60 points at worst. S&P…

Wall St closed near unchanged overnight in an uneventful session as traders await CPI data tomorrow night. PPI toniight.The Dow Jones traded in a narrow range, closing down 81 points or 0.21% (+135 at best and closing near the -111 low). The S&P 500 finished flat and the NASDAQ rose 0.29%. Following strong performances in…