ASX 200 dropped 96 points to 6982 (1.4%) as a broad sell-off hit the market as bond yields and Middle East conflict weighed on risk-takers. Big Banks down in the dumps, with CBA off 1.6% and the Big Bank Basket falling to $175.68 (-1.4%).
All three major indexes in the US closed sharply lower overnight, near worst levels, as…
SMALL CAP PORTFOLIO 2.30pm Update – News in The Australian suggests that Brookfield is working…
ACTION TODAY – Selling AKE and MIN in the Ideas Portfolio. Risk off again today. Market plagued by higher for longer again. Bond yields up again on strong data.
Middle East tension not helping sentiment. Oil price up. Gold up.
Morgan Stanley belted on results (-6.8%).
Good Netflix results (+12%). Tesla margin pressures.
Nvidia down 8% in two days.
Lithium stocks hammered overnight on BoA lithium price downgrade.
TECHNICAL SUMMARY Finally buy signals on CSL and RMD from oversold levels. Healthcare sector has…
ASX 200 dropped 96 points to 6982 (1.4%) as a broad sell-off hit the market…
A quick update from Northern Star – NST is up 3.5% today after posting well received Q3 activities report this morning. We hold in the Idea’s portfolio and is performing well (the gold price rose overnight again on more Middle East conflict concerns).
Wall Street’s major indexes finished mixed overnight, losing earlier gains to end near flatline amid rising bond yields and renewed fears of higher for longer after higher-than-expected retail sales data. The Dow closed marginally in the green, up 13 points (+0.04%), up 163 points at best and down 130 points at worst. The S&P 500 ended slightly lower, down 0.01%, while the NASDAQ lost 0.25%, weighed down by heavy losses in chip companies after President Biden said it planned to halt shipments of advanced AI chips to China, Nvidia down 4.7%.
Our market losing ground slowly today as bond yields spike – Seeing PermaBears out and about highlighting the US debt and deficit
ASX 200 rose 22 points to 7078 (0.3%) rallying into the close in cautious trade again. Middle East’s tragic events have been weighing on sentiment as gold and oil move higher in Asia. Banks were becalmed with NAB the best of the bunch up 0.6% with the Big Bank Basket up to $178.24( +0.24%). Insurers pushed higher again a