MARKET WRAP ASX 200 romped ahead by 117 points to 7178 (+1.7%). All is forgiven after the losses of yesterday, even lithium staged a significant comeback. This despite falls in international lithium stocks. AKE up 3.0%, PLS up 5.6% with some large blocks traded, MIN rose 4.2% with iron ore miners not even stirred by…
Wall Street ends lower overnight as markets turn cautious ahead of employment data this week that could alter expectations the Fed will cut rates early next year. The Dow fell 41 points (-0.11%). Down 216 points at worst. S&P 500 and NASDAQ fell 0.54% and 0.84%, respectively, with mega-cap tech stocks Microsoft, Google, Meta and…
Dow Jones, S&P 500 finished last week at 52-week highs. Oil stocks oversold. Waiting for the bottom. COH oversold on a daily basis.
Gold hits all-time high backs off. Looking at adding DYL. Lithium sell-off continues but not enough towel-throwing yet. Two contrarian picks for 2024.
SPI Futures down 38 – Not quite the “One Bad Day” that would trigger profit taking
ASX 200 fell 63 points to close at 7062 (-0.9%) on weaker international leads and falling commodity prices. RBA left rates unchanged, but limited ASX reaction. Resources hit hard with iron ore miners under pressure, BHP down 1.3% and FMG off 0.9%, Lithium stocks remain seriously depressed with IGO falling 6.7%, PLS down 8.5% and…
US markets closed higher on Saturday morning after Fed Chair Powell made comments that reinforce the ‘rates have peaked’ narrative. Dow closed up 295 points (+0.82%), rising thro
State of ORG Day December is a good month for markets… Gold in focus. Uranium too Things I do not understand US Check Ins
ASX 200 rose 52 points to 7125 (0.7%) in a very solid day, although off highs. Gains in most sectors with the Banks up again CBA up 0.9% and NAB up 0.8% with the Big Bank Basket at $179.61 (0.7%). MQG rose 0.7% with other financials doing well, ASX up 0.6% and SUN up 0.4% on ACCC hopes. QBE dropped -3.2% with other insurers easing ba
