Henry’s Take – Being Data Dependent has its Downside
Added some small exposure yesterday in GEAR. The Inconvenient Truth. Powell speaks. Are higher rates actually stimulating the US economy? Podcast with Hedge fund manager.
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Trading Section
SUMMARY Reviewing the damage from yesterday. Nothing serious except for KAR and BGL. SNAS and SFR shine. KAR caught up in the selloff, closing right on its stop loss and support. Monitoring today and will take action if it opens lower. Gold flat overnight. BGL close to stop loss but hasn’t hit it yet. NST…
Pre-Market Report – Retail Sales Hotter-Than-Expected
Wall Street kicked off the week sharply lower, ending near worst levels as tech stocks dragged and bond yields jumped after hot retail sales and rising geopolitical tensions between Iran and Israel. The Dow fell 248 points (-0.65%). Up 404 points at best and down 325 points at worst. S&P 500 erased earlier gains and…
Henry’s Take – All Going to Plan – Risks Building
Markets moving as forecast. Fat and Happy then …… A look at gold miners. PRU? Fed speakers to the max this week. Kite Flying?
Trading Section
SUMMARY SNAS set to go in the green. Will raise its stop loss after the close (as it hits a new recent high). BPT slowly heading higher. Increasing stop loss slightly. Oil down overnight. KAR behaving better. NST opened lower but buyers came in to mitigate the damage. Same can’t be said for BGL. SFR…
Marcus Take
SUMMARY Markets down for a second day instead of bouncing as usual. Getting a bit ominous but not enough to scare us out of Strategy holdings yet. Bond yields up again, strong retail sales reinforce the “no rate cuts this year narrative”. Geopolitical tensions are short term but not helping. Well positioned for a small…
End of Day Report – Ocean of Red
ASX 200 falls hard by 140 points to 7613 (-1.8%) on Middle East tensions, US sell-off and Chinese data. Banks got sliced and diced, with CBA down 2.1% and the Big Bank Basket down to $199.47 (2.1%). MQG off 1.2%, and Insurers falling despite yields rising. REITs came under renewed pressure, with GMG down 2.0%…
Henry’s Take
Risks mounting? Fat and Happy at Easter theory playing out. Big week in commodities. Usual US Check-Ins. DTO – Good result this morning up 11% Not long until Perth Members Meet.
Pre-Market Report
US markets ended lower on Friday night after US bank results underwhelmed and geopolitical tensions in the Middle East rose. The Dow Jones dropped 476 points (-1.24%), the S&P 500 lost 1.46%, and the NASDAQ slipped 1.62%. Banks earnings season kicked off, JPMorgan fell 6.14%, Wells Fargo edged lower 0.39% after posting profits fell 7%…