SMALL CAP PORTFOLIO 3.10 pm Updates Will add 1% weighting in MP1 at 1007c Also…
ASX 200 closes up 79 points to 6878 (+1.1%). Strength straight out of the blocks…
Wall Street finished higher overnight, ending near best levels as markets reacted to the Fed’s interest rate decision and Powell’s remarks about keeping rates steady.
SMALL CAP PORTFOLIO SUMMARY ORG seems to be a halfway lob not a tap in.…
FED MEETING – Rates left unchanged as expected. Unanimous decision. Fed’s pause continues. Two months of pauses suggests they may be done. The meeting was not hawkish which was seen as dovish raising hopes that the Fed may have seen the last rate rise.
TECHNICAL SUMMARY
Daily buy signals after yesterday’s good day in all stocks from low volatility income to high volatility growth.
AKE illustrates how lithium has been fairing of late.
ASX 200 pulled back from intra-day highs to close up 61 points at 6900 (0.9%).…
TECHNICAL SUMMARY
Plenty of daily buy signals after one good day yesterday. ASX200, Dow Jones and S&P500.
RMD with a weekly buy signal. Smooths out the daily volatility.
Information technology oversold on a daily basis.
Futures up again – Better but far from convincing. Yet. Fed tonight – might confirm rates are high enough – that’s the hope.
Thematic Pivot – Inflation beaten in Europe, next stop recession and rate cuts. WeWork – A Rant. Last Month – The scores on the doors. September and October live up to their reputation. Another down month to go. Coming up – US Jobs Number, the US Treasury decision, and the RBA.
US equities closed out October on a positive note, with all major indices finishing in…