ASX 200 edges higher, up 13 points to 6857 (+0.2%), breaking a three-day losing streak. Gains in Miners and Resources were offset by losses in the Healthcare and Staples sectors. Iron ore giants did most of the heavy lifting after big falls yesterday. BHP, RIO and FMG all gaining between 0.5%-2.6%, helped by firmer commodity prices. Energy stocks benefited from a rising…

SMALL CAP PORTFOLIO I am on a plane down to Melbourne this morning on a 6.40am flight. Not quite sure what possessed me to book that flight. Think it was cheap! It’s an early start from Sydney’s Northern Beaches. I will be at the Microcap Conference for the next few days and hope to have…

Wall Street ended mixed overnight, following a renewed bout of bond market volatility. The Dow Jones finished down 191 points (-0.58%). Up 108 at best. Down 235 at worst. The S&P 500 fell for a fifth consecutive session, down 0.17%, its longest slide this year and hovering just above the key 4,200 technical support level. The…

DIARY NEXT WEEK The main events coming up are Corporate, not economic. The AGM season in Australia continues along with a few earnings updates. The US Results season continues – Calendar HERE. Next week sees some of the behemoths report: Microsoft, Alphabet, General Electric, Boeing, Apple, Amazon and Meta. Our biggest release will be inflation data on Wednesday morning. Expected numbers are for a drop from 6%…

Away today – no podcast from me. Labor market tight. Bond yields tight. Fed up tight. Middle East tight. Oil price tight. Not a lot going right. Cash is King for another day.

Wall Street’s major indexes finished lower overnight after a choppy trading session as the market digested Powell’s comments, and the US 10Y yield hit 5%. The Dow Jones closed 251 points lower (-0.75%). Up 187 points at best. Down 297 points at worst. The S&P 500 notched its third straight loss, down 0.85%, the NASDAQ…