Foot off the gas – US markets take a bit of a pause.
The Strategy Portfolio is now up 26% this year compared to the ASX 200 up 1%.
A look at the Marcus Today SMA performance.
CPI Number lights the blue touch paper. Can this rally turn into a trend? No chance of another rate rise according to the bond market. US 2Y Bond yields now down 43bp from the top. US dollar collapses as A$ jumps. Interest rate sensitive sectors have their best day in a year. Financials, Tech, Resources and Lithium all come alive.
The ASX 200 rallied 99 points to 7106 (+1.4%), hitting a two-month high. Up 119 at best. The…
CBA released its Q1 trading update yesterday bringing the bank results season to a close. The market reacted well despite a slight fall in net interest margin. Business banking growth was the most impre
Telstra hosted its investor day yesterday. Not too much to report following their AGM last month. The share price had a (relatively) big fall of 2% as the company reported its fi
SPI Futures up 490 on the back of the lower than expected CPI number.
ASX 200 up 105 points on the back of a good CPI number – REITs, Resources, Tech and Lithium come alive.
That’s better – the market had another good day – we have absolutely nailed the bottom of the market in the Ideas and Strategy Portfolios – you know what they say when you are standing at your desk punching the air in delight…..
US equities rallied overnight after cooler-than-expected inflation results raised bets the Fed’s tightening cycle may…
TECHNICAL SUMMARY
Energy Sector with a daily buy signal after a good day yesterday.
BHP trending slowly higher.
No relief for Nickel, on a 52-week low and overbought.