ASX 200 has risen 34 points to 7684 (+0.5%) as the market waits for US earnings. Banks leading the charge higher with the Big Bank Basket up to $202.84 (+1.3%). CBA up 1.5%, WBC up 0.9% and MQG gaining 1.2% with insurers slightly higher. REITs better with GMG up 0.8%, SCG up 1.9%. Healthcare better…
US indices closed mixed on Friday night. Geopolitical tensions deescalated and AMEX rose 6.2% on results driving the Dow Jones up 211 points (0.56%). On the negative side, the NASDAQ fell 2.05% in its worst session since January. Dragging the S&P 500 0.88% lower as big tech was aggressively sold off. NVIDIA down 10%, Netflix…
Big week in Tech Land. Tesla in focus. AirTrunk?Catalyst for MQG? Usual Monday US Check Ins. Get me a lawyer! Is time stamping the answer?
SUMMARY SNAS keeps rising. Gains subdued by an unexpected bounce in the ASX. No reason to change NST or BGL. BGL taking some hits. KAR tapered off on Friday afternoon, down again today and glad we got out. BPT down a touch. No change to SFR or One Stock Portfolios (happy to be in cash there).
ASX 200 rallies 82 points to close at 7649 (1.1%) a long way from the high of the day at 7679. Euphoria gave way to some pre-tech result nerves.Late 20 points charge helped though. No news over the weekend on Israel or Iran helped early sentiment with broad-based gains across the board. Iron ore stocks…
When our market closed yesterday, the Israeli strike on Isfahan had the market fearing a three-sided War in the Middle East (Israel, Iran, Syria) that would drag in the US. The Dow Futures were down 440. Geopolitical risk has taken a step back this morning. Iran claims the Israeli attack on Isfahan was conducted by…
THE WEEK THAT WAS Well, that was brutal! It could have been worse, but still down 2.8% for the week. As Edwin Starr sang, ‘War, what is it good for? Absolutely nothing. Say it again.’ The market was already skittish enough as Fed head after Fed head rammed the message home. I don’t need to…
Wall Street closed mostly lower overnight, ending near worst levels after economic data and hawkish Fed speak reinforced speculation that rates will remain higher for longer. The Dow edged up 22 points (+0.06%). Up 330 points at best, down 72 points at worst. The S&P 500 and the NASDAQ booked their fifth straight session of…
