SUMMARY Some consolidation in FANG expected after Google and Microsoft drop after hours. WDS humming along. Oil up after Aramco limits production. Comms Sector hits a 52-week high. TLS slowly moving higher. Iron Ore falls on more Chinese property concerns. BHP still in downtrend. US finanicals outperform while tech lags. Good for MQG. NWL prints…
ASX regrouped after an early swoon jumping 81 points to 7681 (+1.1%). The CPI number turned things around coming in below forecast and pointing to zero chance now of a rate rise. Rate cuts could be sooner rather than later. Looked like some month end window dressing helping things along too. Banks continue to lead the market…
Added GQG yesterday. Quarterlies drop. Lithium podcast to provoke thoughts. Uranium thoughts. Historic yields v Forecast yields Ask the Analyst Friday at 5.30pm
All time high, now or never. Busy week – Fed, Big Tech Results, US Jobs, Australian inflation. Tech Bets looking good – FANG. Woodside picking up nicely in Ideas Portfolio. REA Group kicking goals. India – a Theme for 2024. GOR – The Perils of Individual stocks.
ASX closed up 22 points to 7600 (+0.3%) after shooting higher in morning trade. It hit near record highs before a sell-off. Banks eased back very slightly, with WBC down 0.5% and Big Bank Basket unchanged at $198.79. Insurers eased back, with QBE down 2.2% and SUN off 2.0%. Other financials eased back too, MQG…
Wall Street kicked off the week with gains in both stocks and bonds, after the Treasury surprised the market by reducing its quarterly borrowing estimate to $760bn, pushing yields lower and lifting tech stocks up. The S&P 500 set another record closing high, topping 4,900, up 0.76%, while the Dow Jones rose 0.59% and the…
SUMMARY All four of the big banks hit 52-week highs. MQG holding a nice uptrend. BHP falls yesterday. Short bounce has stalled. WDS hits a 2-month high on oil’s gain. Chart improving. GOR gets dumped into oversold territory after reporting yesterday. PDN holds up well in yesterday's Uranium sell-off after some broker upgrades. All four of the…
Wall St closed mixed on Friday night in narrow trade. The Dow Jones rose 60 points (0.16%) while the S&P 500 and NASDAQ fell 0.07% and 0.36%, hindered by Intel’s 12% drop. US inflation data came in largely in line with expectations and didn’t shock the market. The PCE price index rose by 0.2% in…
Adding a 3% weighting in GQG – FUM inflows. 9.5% yield. Reporting season preview. US Check-Ins. Ask the Analyst. Walk like an Egyptian.
