ASX 200 fell for the fifth day down around 47 points to 7347 (-0.6%). Losses across the board, with local jobs data showing a slow down perhaps, with the headline steady at 3.9%. Seasonal factors may be the issue. Banks held steady on job numbers. The Big Bank Basket pretty much unchanged. Insurers better on…
US stocks closed in the red as treasury yields rose following stronger-than-expected retail sales data. The S&P 500 and NASDAQ each dropped almost 0.6%, while the Dow Jones closed 94 points lower. Real estate, consumer discretionary, tech, and materials were among the worst-performing sectors. Megacap stocks Alphabet, Amazon, and Nvidia experienced losses exceeding 0.6%, and…
Market is coming to terms with rate reality. Been bearish recently. Uranium. DYL quarterly. Happy to take profits. Speculative buys in DRO and OEC.
Rising interest rates the theme of the week. Maybe the month. A look at some interest rate winners and losers. Thought about buying SNAS. But haven’t. There is nothing precipitous going on yet. The S&P 500 is still within 1% of its high. AUD down on Chinese GDP. Resources with it. Should have bought the USD ETFs for a trade (YANK, USD), but didn’t. Can Big Tech results turn the sector. We’ll find out in the next fortnight.
SUMMARY BHP and iron ore fall on Chinese GDP data. One Stocks in Cash. AGL prints a buy signal but wouldn’t trade until chart improves. Tempted for a trade in CPU but the easy gains have been made. No changes to Ideas Trades. DTL hits a 52-week high, held in the MT Growth Portfolio. One…
Wall Street ended lower overnight after mixed earnings from Morgan Stanley and Goldman Sachs as well as sell-offs in Boeing and Apple weighed on indices. The Dow fell 232 points (-0.62%), trading in the red all day, down 392 points at worst. S&P 500 lost steam, down 0.37%, and the NASDAQ retreated 0.19%. US Treasury…
• Changes to Portfolio. • Starting the Special Situations • What to do with the banks? • What is the Carry Trade • The Experts talk risks this year • Meerkats to the rescue.
TRADING SUMMARY Not adding any Ideas trades while the market has a wobble. Selling MQG and BHP from the One Stock Portfolios. Utilities sector oversold on a daily basis. Indian ETF one of the few indices starting the year strongly. ASX prints a daily sell signal. Not adding any new trades today. WDS is underwhelming…
The markets are not starting the year well – Bond yields are rising, Equities are peaking. We’re taking some profits.
