US stocks rebounded on Thursday, with the S&P 500 rising 1.25%, NASDAQ gaining 1.30%, and the Dow advanced 370 points to 38,520. Concurrently, US Treasury yields dropped to their lowest levels in 2024 due to concerns about the regional banking sector and higher-than-expected jobless claims. The 10Y yield fell 5.9bps at 3.871%, 2Y yield fell…
SUMMARY A host of sell signals after yesterday’s bad day. Reversal expected today. Big tech jumps after hours. No knee-jerk is looking good. WDS set to fall after oil drops on false cease-fire reports. Ready to sell if need be but not today. No changes to One Stock Portfolios. Iron Ore has a third down…
Back on after the traditional dummy spit. RBA meeting next week and it is a big one. No Hard or soft landing. A Skim perhaps?
US equities fell sharply on the final day of trade in January following the Fed's decision to maintain interest rates, dispelling any hope for a rate cut in March. All three major indexes came under pressure from mega-cap tech stocks, exacerbated by disappointing results from Alphabet (-7.4%). The S&P 500 recorded its biggest loss since…
SUMMARY ASX200 breaks resistance and hits all time high. Sell signals on NASDAQ and S&P500 ETFs. Short term stuff. We will hold on to our FANG bet. Oil falls as Manufacturing activity contracts in China. Not selling WDS. MQG sees a bullish 2.5% rally from intra-day lows. No change. BHP share price consolidating. Not buying.…
Added MAD yesterday. Traditional post-FOMC Wall Street dummy spit? Lithium downgrades continue. Are we there yet? No. Where to for the ASX200? Trim the banks?
ASX 200 gives back 93 points, back down to 7586 (+1.2%) on US FOMC news and profit-taking after an end-of-month rally sent stocks to all-time highs. Banks that have led the market higher taking a hit, with the Big Bank Basket down to $196.69 (-2.4%). CBA dropped 2.9%, and NAB down 2.2%, the most targeted.…
US equities finished mixed overnight. The NASDAQ fell 0.76% ahead of Microsoft and Google's quarterly results after the closing bell. The S&P 500 closed nearly unchanged, down 0.06%, near the previous day's all-time closing high, while the Dow finished near session highs, up 134 points (+0.35%). US 10Y Treasury yields remained near two-week lows as…
Sold MP1 Lithium revival perhaps? Is the ASX due to pullback? What has a pink SUP got to do with inflation? Fund manager’s biggest mistakes.
