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US markets closed mixed on Friday night after markets digested hot inflation and consumer spending data with company earnings reports. Dow Jones lost 367 points (-1.12%), the S&P lost morning gains to close down 0.48% and the NASDAQ rose 0.38%. The Dow was dragged lower by Chevron (-6.72%), and the NASDAQ mainly lifted due to big jumps in Amazon (+6.8%) and Intel (+9.29%). In Europe, markets also fell. DAX down 0.3%, STOXX 600 down 0.84% and FTSE down 0.9%.

Gina pounces on AZS,
CXL gets its own Heirloom.
Nickel market in a state of flux.
Threats to iron ore producers from green policies.
Usual US Check Ins
IMARC Resource Conference kicks off tomorrow.

A pretty sorry week. Another sorry night. SPI Futures down 67, setting us up for…

Why has CSL fallen?

CSL was the foundation stock for everyone’s portfolio. It didn’t pay much dividend but the constant reliable growth made it popular for retirement funds. It was a bottom left top right stock on the charts, rarely taking a dip. It was a share I always wanted in my folio but always thought it was too expensive. Having waited too long for an opportunity, I finally took the plunge on a slight down day and enjoyed a great run for a few years up to, and including the start of Covid. CSL had gone from 76.7c when it was floated by the Keating government in 1994 to a peak of $336 a shar

Bond yields drop despite the GDP number. Waiting for the PCE Price Index. What will be the signs at the bottom.
A look at the Banks, Resources and Tech Sectors.
FOMC next week. RBA on Cup Day.