Rout slows, Bond yields top out, mild equity rally not convincing yet. Mixed late US results – Alphabet down 6.5%. Microsoft up 4.4%. Slim chances of another irrationally exuberant rally in AI. Australian CPI numbers at 11:30am will feed into the RBA meeting on November 7.
Michele Bullock speech – “Will not hesitate to raise rates”. Busy Corporate Diary. Risk-on sectors waking up. Some broker upgrades in lithium.
Banks drift into results. The Five Zones – which one are you in.
S32 hits a 52-week low after releasing results on Monday. Real-Estate sector hits a 52-week low. Staples continue to drop with Coles on a 52-week low. Uranium and Gold ETF’s with sell signals.
ASX 200 closed flat, down 3 points to 6854, losing early morning gains following hotter-than-expected inflation…
Alumina (AWC) released Q3 earnings last week, had a few broker upgrades and has hit an 11-Yr low. Results highlights include:
Higher aluminium production compared to previous Q.
Lower costs in the Q primarily from cheaper Caustic Soda (used to purify Bauxite).
From up 40 the market has dropped to be down 20 after the higher than expected CPI release today
A volatile day as we lose a 40 point gain after a higher than expected CPI number
What Colour of Investor are you – we are thinking of colour coding our content so you know which bits are relevant to you.
Our market up 13 after the 57 point fall yesterday – energy and resources holding things up. Banks in the Doldrums ahead of results.
SMALL CAP PORTFOLIO I am on a plane down to Melbourne this morning on a…