DIARY NEXT WEEK The US reporting season enters its final week with McDonald's, Uber, Airbnb, Pfizer,…
A pretty sorry week. Another sorry night. SPI Futures down 67, setting us up for…
SMALL CAP PORTFOLIO 3.00pm Updates I have added another 1% holding in LTR at 171.5c.…
TECHNICAL SUMMARY
ASX200 and All Ords hit a 52-week low. Next support not until 6440.
Only four daily buy signals and two sell signals in the All Ords.
ASX 200 closed up 15 points at 6827 (0.2%), down only 1% for the week.…
Why has CSL fallen?
CSL was the foundation stock for everyone’s portfolio. It didn’t pay much dividend but the constant reliable growth made it popular for retirement funds. It was a bottom left top right stock on the charts, rarely taking a dip. It was a share I always wanted in my folio but always thought it was too expensive. Having waited too long for an opportunity, I finally took the plunge on a slight down day and enjoyed a great run for a few years up to, and including the start of Covid. CSL had gone from 76.7c when it was floated by the Keating government in 1994 to a peak of $336 a shar
Bond yields drop despite the GDP number. Waiting for the PCE Price Index. What will be the signs at the bottom.
A look at the Banks, Resources and Tech Sectors.
FOMC next week. RBA on Cup Day.
Wall Street finished lower overnight amid mixed earnings, robust economic data showing resiliency and falling…
US equities closed sharply lower overnight, weighed down by the latest batch of corporate earnings. The Dow Jones finished near worst levels, down 105 points (-0.32%). Dow up 127 points at best. Down 152 points at worst.
Heading back up to Sydney after the two-day Microcap conference. Probably the best question of the two days was Dean Fergie from Cyan Investment was, ‘why are you listed?’ With a market cap of some of these companies around $5m, it does beg that question. The fees and compliance costs involved ($250K pa?) would be a massive percentage of the business revenue. So good on you Dean for asking the question. Of course. ma