Henry’s Take – Stay Long and Sing a Song
Stock updates. Fed tilts a little. No real surprises. Lithium looking better. Uranium too. Copper stocks in focus. Where do the ideas come from?
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Marcus Take Thursday – Fed behaves. Bonds drop. Markets rise.
Its all on this morning. The Fed Meeting didn’t change anything for the worse – dovish, three cuts coming – as desired (see below). US markets have discounted the three, not four cuts message already. Bond yields dropped 1.6bp and 8.1bp (10Y and 2Y). SPI Futures up 47 after a 7 point drop in the ASX 200 yesterday. Dow Jones up 400.
Trading Section
SUMMARY Bond yields down, tech up, gold up, bitcoin up, lithium stocks higher. Risk goes back on. Time for some trades. Adding SQ2 for some tech and bitcoin exposure (they own ~$340m worth). Adding BGL and NST for gold exposure. BGL more risk but more potential. Adding MIN to play the lithium bounce (plus iron…
End of Day Report – Unemployment Rate Better-Than-Expected
The ASX200 has finished the day strongly, up 86 points (1.1%) to 7782. Closing near the high, the 11:30 jobs number caused nothing but a brief dip. Financials performed best with the big four banks jumping higher. CBA up 2%, NAB up 2.6%, WBC up 1.9% and ANZ up 1.1%. This was followed by Real…
Pre-Market Report
US equities rose overnight, with all three major indices finishing in the green as markets await the FOMC outcome tomorrow (Hold expected). Dot plots the focus. Dow up 320 points (+0.83%). Up 332 points at best, down 29 points at worst. S&P 500 +0.56% locking in a new record closing high, and the NASDAQ gained…
Marcus Take
Record highs in the US as they wait for the Fed tonight. RBA dovish – bond yields and Aussie dollar dip. Nvidia messaging – data centre spend growing at 25% pa. Why Banks are at their highs. Because they are big not great. Some brokers buying Resources after the fall. The Copper and Nickel trade. Where to park cash. Nothing for nothing. The best income idea at the moment.
Trading Section
SUMMARY No change to LLC. TNE hits a 52–week high. Held in the Growth Portfolio. MQG can’t break back through resistance. Staying in cash. BHP and resources have a strong bounce. FMG prints a daily buy signal. Not buying yet. MAQ falls from overbought levels. Uptrend holding for now. OBSERVATIONS No change to LLC. TNE…
Henry’s Take – Oil and Gas Catch Up?
Fat and Happy at Easter? Resources taking it in turns.Oil and gas? Central bank week. What will we learn? Young people have sussed it.
End of Day Report
ASX 200 limped 7 points lower at 7696 (-0.1%) after a positive start gave way to some apathy ahead of the Fed. Banks were firm with CBA up 0.5% and the Big Bank Basket slightly lower at $204.43 (-0.2%). GQG had a good day up 6.2%, with insurers better in places. REITs mixed, SCG up…