MARKET WRAP The ASX 200 finished the day up 63 points to 7489 (+0.8%) in another strong across the board rally. RBA minutes helped, BoJ staying pat helped, and takeovers helped. Solid gains across the board. The Banks continue to march higher, CBA up 0.6% and WBC up 0.8%. The Big Bank Basket up to $189.23 (+0.5%). MQG…
The Dow Jones closed up 57 points (0.15%) on Friday night in mixed trade as it rose 2.9% for the week. Markets took a breather after a week of dovish pivots and bond yield drops saw multiple record highs. The S&P 500 closed flat, NASDAQ up 0.35% and the Russell 2000 -0.77%. The US 2Y…
SUMMARY Sold some WBT on Friday. Why do you ask two dogs? DYL gets licence. Another MT Award nomination. Ask the Analyst links.
ASX 200 lost 16 points to 7426 (0.2%) in lacklustre trade dominated by M&A activity in LNK, ABC and PSQ. Rallied off early lows. Monday M&A day ahead of Xmas break. Banks drifted lower with the Big Bank Basket unchanged at $188.20. Insurers suffered as yields fell again, QBE down 0.6% and SUN off 1.8%. Fund managers lower with REITs under pressure, GMG up 0.1% and VCX down 2.4%. Industrials w
THE WEEK THAT WAS Big week. Big pivot. Big time. Marcus returns next week. We have the hots for what’s in the box with the dots. It is fair to say this week will be seen as a watershed. The end of the higher rate cycle. Not only in the US but, I suspect, here…
94 stocks in the All Ords currently overbought on a daily basis. No daily sell signals. The market is oversold but bullish. Financial Sector overbought on a daily basis. JHX hits a fresh 52-week high. KAR prints a daily buy signal.
The Santa Clause rally is truly in after yesterday’s big gains. No changes to Portfolios. MQG One Stock Portfolio up 14% vs ASX200 up 4%. Timing the market is paying off. Europe and the UK not following the Fed. A look at what performed best yesterday.
ASX 200 finished up 65 points at 7443 (+0.9%) in another strong day but well off highs as some profit-taking crept in. ASX 200 up 3.5% for the week. Big caps in focus. The iron ore miners shooting the lights out, BHP close to all-time highs up 2.4%, RIO up 2.2% and FMG giving Twiggy…
Wall Street closed modestly higher overnight, extending weekly gains in the final hour of trade. The Dow added 158 points (+0.43%) to hit an all-time high. Up 197 points at best. Down 39 points at worst. S&P 500 and NASDAQ are both up over 3% for the week so far, advancing 0.26% and 0.19%, while…
