US equities closed higher in the final stretch of August, ending near best level after fresh economic data raised bets that the Fed will cut rates modestly in September. The Dow Jones recorded its second consecutive all-time, rising 228 points (+0.55%). Up 250 points at best. Down 189 points at worst. Equities spiked in the…
Good Morning Everyone. OK night on Wall St. Tech holds. Financials fly. Resources flounder. SPI Futures down 18 despite the Dow Jones up 228 to an all-time high, the NASDAQ up 1.13% and the S&P 500 up 1.01%. NASDAQ chart. ASX 200 chart. As you’ll see below the US PCE Price index numbers overnight came…
THE WEEK THAT WAS Last week I wrote that I thought we would see all-time highs this week. Close, but no cigar. 50 points away. I am not quite getting my timing right. What is interesting is where the ASX 200 closed the month. Unchanged. It has had a 6.3% rally off the low back…
Wall Street closed mixed ahead of end of month, and MSCI rebalancing tomorrow. The Dow notched another record high, rising 244 points (+0.59%). Up 487 points at best. Down 5 points at worst. The S&P 500 ended flat, shedding gains in an afternoon sell-off, and the NASDAQ lost 0.23%, with Nvidia down 6.4% post results,…
Everything I hold gets smashed. US Slowdown? Really, no signs of that! Gold Conference – Stocks to watch A member’s suggestion in the coal sector.
ASX 200 finished the week up 47 points to 8092 (+0.6%). For the month we are unchanged! Coincident? Pushed at close too. Solid gains across the board, banks as usual heading higher, CBA up 0.5% and the Big Bank Basket hitting new records, up to $239.31 (+0.6). Insurers also did well as yields rose. QBE up…
Wall Street ended lower ahead of Nvidia’s quarterly results. The S&P 500 fell 0.60%, and the NASDAQ dropped 1.15%. The Dow ended 159 lower (-0.39%). Up 101 points at best. Down 408 points at worst. Nvidia’s Q2 results were OK, though Q3 forecasts missed expectations stoking concern that its rapid growth is waning. Q2 revenue…
Adding some BBOZ – Market looks a little tired. Gold conference brings out the bulls. If retail is stuffed why are the stocks near highs?
ASX 200 fights back to be down only 26 points to 8048 (-0.3%). Plenty of R&R today. Results and resources. Banks were firm as usual. The playbook remains the same even as CEOs appear in Canberra. CBA up 0.2% and NAB striding ahead with a 0.6% gain. The Big Bank Basket up to $237.86 (+0.4%).…
