ASX 200 pushes 18 points higher to 6995 (+0.3%). A tale of two cities with banks and industrials doing well and resources falling by the wayside. No sooner had a couple of brokers raised their forecast for iron ore than the miners staggered and slumped. Iron ore price easing and Chinese data not helping from…
U.S stocks closed near flat, Dow up 35 points to 34096 (0.1%) in narrow trade. Up 106 points at best and down 72 points at worst. S&P 500 up 0.18% and NASDAQ up 0.24%. Markets were tentative after pos
SMALL CAP PORTFOLIO SUMMARY HM1- Conference coming soon. Uranium gets whacked. Two for the watch list. IVZ disappoints, let's hope its short term. Results in a few days. No changes to portfolio. Plenty of cash. Happy to pick off opportunities. UPDATES HM1 – NTA yesterday – A significant discount.Next Sohns Conference is Friday 17th November…
STRATEGY SUMMARY No change to strategy. A pause that refreshes? Hopefully. The Banking Machine shows its strength. Adding a couple REIT’s to the Income Portfolio.
The ASX 200 is down 30 points to 6968 (0.15%), following US cautious trade ahead of this afternoon’s RBA decision. Four major sectors are in the green and seven in the red. Healthcare is the best performer with CSL up 0.8%, COH up 1.5% but RMD taking a breather down 0.4%. Financials the worst with…
The RBA has raised the official cash rate target by 25bps to a 12-year high of 4.35%. Highlights of the meeting include:
ASX 200 fell 20 points to 6977 (0.3%) after the RBA raised rates by 25bps. Slight rally after the RBA decision and Melbourne Cup. Banks were soft, WBC down 2.7%
US markets had a good night on Friday after Jobs Data showed signs of slowing growth and a slight increase in unemployment. This bolstered hopes that the Fed is done raising rates. The 10Y bond yield dropped 9bps to 4.57% and the 2Y 15bps to 4.84%. The Dow Jones traded higher all day, finishing up…
SMALL CAP PORTFOLIO 2.45pm Updates WBT having an incredibly volatile day. High of 445c and a low of 375c. First revenue isn’t much but it is something. Hopefully, 100k is not it for now. Perhaps that is why the market sold off. Uranium stocks having a big sell off. Not sure why except they have…
