US stocks rallied overnight, with the S&P 500 reaching a record high close fuelled by gains in Oracle shares and despite a marginally higher-than-expected CPI result. The S&P 500 climbed 1.1%, while the NASDAQ and Dow Jones also posted gains of 1.1% and 0.61%, respectively. Headline inflation rose to 3.2%, exceeding forecasts, the monthly rate…
US Deficit and CPI-No one cares really. They say they do. A Look at QIP and IPH. The Big Bank Basket and franking credits.
The ASX 200 has ended the day up 17 points (0.22%) in mixed trade. US inflation data has filtered through to our market with Consumer Discretionary stocks leading the gains along with Real Estate and Financials. ALL and JBH rose 2.1% and 1.4%. GMG and SCG both finished up 2.5% and 0.9% despite bond yields…
Added GEAR yesterday. Is there a shift in the force? Iron ore fell 7% in Asia. Lithium rises. PLS signs offtake agreement.
Wall Street edged lower overnight as the market awaits CPI and PPI results this week to assess whether recent inflationary pressures were transient or indicative of a broader trend. The Dow finished 47 points higher. Up 72 points at best. Down 229 points at worst. The S&P 500 fell 0.11% and showed signs of overheating…
SUMMARY Multiple big ticket buy and sell signals after yesterday's heavy sell-off. PDN recovered from yesterday's soft open. BOE finished down. Holding for now. LLC holds up relatively well. Shorting ETFs print daily and weekly buy signals. BBUS, SNAS, BBOZ, BEAR. Sell signals from the big banks, WES, GMG, WTC to name a few. MQG…
A lot of Big Cap sell signals after yesterday. Lessons from yesterday’s sell down – Banks are not the Messiah. On Alert. Resources sector breaking down – Selling BHP and RIO in Growth and Income. Too early to bail on Big Tech. Waiting for that “Big down day”. Income Re-vamp – Selling AFG, SHL, CGF and PPT (after it goes ex-dividend tomorrow). CPI Numbers in the US on Wedcnesday the focus. More risk than reward.
Making changes – some dramatic changes to our portfolios today as we run up a bit of cash
ASX 200 limped 8 points higher to 7713. The market is waiting for direction from the US, with banks trying to rebound slightly as the Big Bank Basket flatlined at $207.93 (-0.1%). NAB slipped 0.4%. Other financials slightly better, QBE up 1.3% and SUN up 1.7% as GQG fell again, down 2.3%. REITs mainly higher,…
