Wall Street closed lower overnight in a choppy trading session, cementing its longest losing streak since January as big tech was sold off (ASML results not helping) despite bond yields easing. The Dow lost 46 points (-0.12%). Up 238 points at best and down 187 points at worst. The S&P 500, NASDAQ, and Russell 2000…
SUMMARY KAR closes just above its stop loss again. Oil down 3% overnight. No change yet to it or BPT. Tech and bitcoin continue to fold. SNAS the beneficiary. SFR has an underwhelming day. Likely to resume its upward trend after copper rises overnight. Bond yields take a breather from their relentless march higher. No…
Sold half of the DRO at 105c The Call yesterday with The Whisperer. Albo putting our money where his mouth is. Resource Investing.
Resources to hold our market up today. Bond yields relax a bit. Banks coming off the top now. Looking at the research on RIO and BOQ. Next RBA move depends on Jobs data today. Education Corner – Some More Stock Market Truths
LIGHT & WONDER (LNW) – At a member request we are looking into Light & Wonder (LNW), an American company based in Las Vegas. LNW is dual listed on the NASDAQ and as of May last year, on the ASX. The company listed here to provide access to long-term Australian institutional investors in what it…
ASX 200 rose 37 points to 7639 (+0.5%) off highs but bounces off 7600. Jobs data fails to stir. Good news for Iron ore miners with BHP production numbers and higher ore prices in Asia saw BHP up 1.5%, RIO up 1.7% and FMG lagging. Base metals finding friends again, MIN up 1.9% and PLS…
SUMMARY Powell – no rate cuts for “as long as needed”. Love it when a plan comes together – recent selling paying off. SNAS trade – hoping we’ve caught the top. Geopolitical risk building. Good for gold and oil. RIO production numbers dip. BHP tomorrow. Education Corner – Why they want you to trade FOREX. MARKET BULLETS…
ASX 200 closes down 7 to 7606 (-0.1%) in an anaemic bounce snuffed out at the close despite better US futures. Nerves surrounding Israel continue. Banks staged a slight recovery as BOQ beat forecasts despite a dividend cut, up 5.2%. The Big Bank Basket rose slightly to $199.04 (+0.2%). MQG slid another 1.0% with insurers…
Wall Street closed mixed overnight in choppy trading as the market weighed the latest round of quarterly reports and Powell's comments which drove bond yields to fresh 2024 highs. The Dow gained 64 points (+0.14%), getting a boost from UnitedHealth’s +5.2% better-than-expected Q1 results. Up 257 points at best, down 21 points at worst. The…
