Pre-Market Report Tuesday
US markets little changed overnight ahead of FOMC Thursday this week. Dow Jones up 6 points in a narrow day of trade (+0.02%). Up 107 points at best. Down 73 at worst. S&P 500 edged higher, up 0.07% near 4,450, buoyed by energy stocks as oil prices near $95 a barrel. NASDAQ flat, up 0.01%…
Marcus Take Tuesday – Holding and hoping
Not sure why we’re “On Hold” for the Fed, is Powell going to say something unexpected? I doubt it. UAW strike creates an opportunity in BSL. NASDAQ held up so still holding FANG and LNAS in the Ideas Portfolio. Don’t let me stop you taking a profit in resources but I’m still holding. A comment on the China Property stocks – they don’t matter.
End of Day Report Tuesday
ASX 200 traded lower all day, closing down 34 to 7197 (-0.5%). Falling for a second consecutive day – ASX 200 down 49 yesterday. We are losing our gains from last week. The RBA Minutes were a bit of a non-event. No ECB-style declarations about rates having peaked. They remain data-dependent. The job isn't done yet. Gold stocks rallied on the…
End of Day Report Monday
The ASX 200 began the week on a negative note, trading lower all day, down 49 points to 7230 (-0.7%), giving up some of Friday’s gains. SPI Futures were down 41 this morning. ASX Index changes came into effect today. All sectors finished in the red. Tech stocks weighed heaviest on the index tracking the NASDAQ overnight…
Pre-Market Report Monday
SPI Futures down 41 in a Tech led sell-off on Wall St. The Resources held up. We have a busy week of Central Bank Meetings ahead.
Marcus Take – Big week of Central Bank Meetings
ACTION TODAY I am adding AWC to the IDEAS PORTFOLIO on the open. SUMMARY FOMC, Bank of England and Bank of Japan Meetings this week. If rates were coming down, why are bond yields going up? Resources held up OK in the US. Hoping for them to do the same today. Tech sell-off in the…
Marcus Weekend – Atomic Habits and Iron ore
We are 4.62% below the post-pandemic high and up 1.14% from the pre-pandemic high. We've spent three years and seven months going up 1.14%. No wonder the Selfwealth share price is down from 80c to 15c (see below). I see SWF's share price as a barometer of stock market enthusiasm. SWF is a short-term stock…