Wall Street finished lower overnight amid mixed earnings, robust economic data showing resiliency and falling…
SMALL CAP PORTFOLIO 3.00pm Updates I have added another 1% holding in LTR at 171.5c.…
Wall Street finished lower overnight amid mixed earnings, robust economic data showing resiliency and falling bond yields. The Dow ended near worst levels, down 252 points (-0.76%). Up 69 points at best. Down 292 points at worst. S&P 500 fell 1.18%, edging closer to a correction, with the index now down ~10% from its July peak. The NASDAQ slumped 1.76%.
TECHNICAL SUMMARY
ASX200 and All Ords hit a 52-week low. Next support not until 6440.
Only four daily buy signals and two sell signals in the All Ords.
ASX 200 closed up 15 points at 6827 (0.2%) down only 1% for the week.
ASX 200 closed up 15 points at 6827 (0.2%), down only 1% for the week.…
Lots going on – none of it great. Cash is King. Alphabet bombs on weak cloud result (rest of the result was OK). Big Tech in official correction – NASDAQ down 10% from a recent top. No AI Boom trade this results season then. Bond yields higher again both here and there. CPI number prompts “Two rate rise” talk.
PLS has released September Quarter earnings this morning – Key points from the release are:
Revenue has fallen 42% compared to Q2, coming in at $493m.
144kT of Spodumene Concentrate was produced (down 11% from prior Q).
A similar amount was sold at a realised price of US$2240/T.
ASX 200 fell 42 points to 6812 (-0.6%),2023 closing low despite a small rally into…