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.
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.
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
The ASX 200 rallied 99 points to 7106 (+1.4%), hitting a two-month high. Up 119 at best. The…
Our market up 40 midday as we wait for the US CPI number tonight which could fill or kill the recent rally