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.
ASX 200 pulled back from intra-day highs to close up 61 points at 6900 (0.9%).…
Fed Meeting lights up interest rate hopes and the market
ASX 200 up 83 points in response to the Fed Meeting. Will it hold and build, or flop and drop. Stay tuned.
Endeavour Group (EDV) released its first Q trading update on Monday followed by the AGM yesterday. The key take-away was an overall Sales growth number of 2.1%, below consensus of 3.1% and a fairly positive short-medium term outlook.
Futures up again – Better but far from convincing. Yet. Fed tonight – might confirm rates are high enough – that’s the hope.
Thematic Pivot – Inflation beaten in Europe, next stop recession and rate cuts. WeWork – A Rant. Last Month – The scores on the doors. September and October live up to their reputation. Another down month to go. Coming up – US Jobs Number, the US Treasury decision, and the RBA.