US holds up going into the Thanksgiving holiday.
Michele Bullock treading her own path on inflation (Hawkish).
Great Nvidia results are OK. Lucky they weren’t just OK.
Novo Nordisk makes other high PE stocks look stupid.
The ASX has closed down 44 points (-0.6%) to 7029. A solid night in the US not enough to outweigh selling pressure caused by a Hawkish Michele Bullock and falls in the oil price.
Quiet day – Market down 5 in a narrow session – Bullock speaks tonight
London Mining Conference – Big Themes – Small Companies – Potential
Wall Street finished down on Tuesday after minutes from the latest Fed meeting showed officials agreed to take a cautious approach moving forward. The Dow fell 63 points (-0.18%), trading lowe
S&P 500 went into overbought territory yesterday on a daily basis.
Consumer staples continues to slide. At a 52-week low.
Uranium ETF’s holding at overbought levels. The commodity price breached US$80/pound.
SPI Futures down 6. Nvidia fails to set the market alight. Predictable. FOMC Minutes. Predictable. Holiday coming up – getting quiet. Making money in currencies is possible. The Global Nuclear Renaissance and the uranium conundrum. No need to sell anything yet.
The ASX 200 flat, up one point to 7079, trading in a narrow range, struggling for any direction. Tech stocks are falling in lockstep with the NASDAQ overnight. SQ2 down 1.5% and XRO off 0.7%. All-Tech index down 0.7%. Iron ore miners doing
ASX 200 slid 5 points to 7073 (-0.1%), in a quiet directionless day of trade. SPI Futures this morning were -6. Sectors finished mixed. Interest rate-sensitive sectors took cues from Wall Street overnight
The US market takes a breather ahead of the Thanksgiving holiday – SPI Futures down 6