And we’re off – Today we get out of cash and back into the market
US equities rose sharply higher overnight, a day after the Fed hinted it may be…
SMALL CAP PORTFOLIO 3.10 pm Updates Will add 1% weighting in MP1 at 1007c Also…
ASX 200 closes up 79 points to 6878 (+1.1%). Strength straight out of the blocks…
US equities rose sharply higher overnight, a day after the Fed hinted it may be done with interest rate hikes and a batch of upbeat quarterly earnings updates added to the bullish sentiment. The Dow ended near best levels, up 565 points (1.70%). Dow traded higher all day, with a high of +578 points and a low of +175 points. The S&P 500 posted its fourth consecutive gain and its biggest one-day percentage gain since April, up 1.89%.
The Fed have fired the Starters Gun – We are back in the market after 120 days in cash
ASX 200 closes up 79 points to 6878 (1.1%). Strength straight out of the blocks on US moves to the upside.ASX 200 up 2.2% for the week.
SMALL CAP PORTFOLIO SUMMARY ORG seems to be a halfway lob not a tap in.…
FED MEETING – Rates left unchanged as expected. Unanimous decision. Fed’s pause continues. Two months of pauses suggests they may be done. The meeting was not hawkish which was seen as dovish raising hopes that the Fed may have seen the last rate rise.
TECHNICAL SUMMARY
Daily buy signals after yesterday’s good day in all stocks from low volatility income to high volatility growth.
AKE illustrates how lithium has been fairing of late.