Henry’s Take – NextDC (NXT) and the Ai Boom
Macquarie Conference program announced. ECB says it is not dependent on Fed, so why wait! Stock of the Day – NXT with its Rights issue.
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Marcus Take Friday – The Marcus Today Stock Market Dictionary – the truth about Broker Speak.
Low volume overnight – PPI numbers relax inflation fears. Big Tech won’t lie down – solid rebound. FANG up 2%. Strategy Portfolio has no reason to sell anything else yet. Results season starts tonight in the US – usually a positive. BUY HOLD SELL – Whitehaven Coal (WHC). Education Corner – The Marcus Today Stock Market Dictionary – Truth & Lies.
End of Day Report
ASX 200 falls 26 points to 7788 (-0.3%). For the week, the index is up a mere 15 points. Quiet day, banks eased back slightly as yields push to 4.28%. The Big Bank Basket down to $205.36 (-0.4%). Insurers better, and GQG doing better up 0.4%. MQG slipped 0.1%. REITs under pressure, GMG down 0.1%…
Trading Section
Oliver away today. Portfolios and Technical Signals below. So you know – this section is where the Ideas Portfolio and the One Stock Portfolios will be every day. Just a bit late today! SNAS obviously not playing out. If the NASDAQ was going to tip over then that CPI number was the excuse. It's still…
Pre-Market Report
Wall Street closed sharply lower after hotter-than-expected inflation sent stocks and bonds sliding signalling the Fed will be in no rush to cut rates this year. The Dow traded lower all session before finishing down 422 points (-1.09%). S&P 500 off 0.95%, NASDAQ down 0.84%, and small caps Russell 2000 underperformed, losing 2.52%. Treasury yields…
Henry’s Take – Has Goldilocks Left with Elvis?
Lithium finding friends. Commodity stocks still in demand. WIRE going well. Has Goldilocks left the building? Thoughts on watching Peter Deng (Open Ai) present.
Marcus Take Thursday – Another excuse to sell, but will they?
SUMMARY Hot CPI Number is another excuse to sell – but will anyone? No "Big Bad Day" – US market damage contained – so no change to Strategy yet. Big pop in bond yields – a whole rate rise in a night. Interest rate-sensitive sectors top out (Housing, REITs, Banks, Small Caps). Might get those…
Trading Section
SUMMARY Wall St drops. Inflation slightly higher. Bond yields up. Gold to come under pressure. SNAS ready to come alive. Glad to be in cash for FMG and MQG One Stock Portfolios today. BPT off to a negative start. Setting a stop loss at $1.52. Oil up overnight will help it and KAR. SFR gives…
End of Day Report
ASX 200 closed down 35 points to 7814 (-0.4%), giving up yesterday’s gains but rallying from the open low after US CPI data came in hotter than expected. Pushing back rate cut expectations. Rate-sensitive sectors came under significant selling pressure, with the big banks getting clobbered. The big four all ending in the red, ANZ the biggest laggard, down 1.4%, while…