Wall Street finished sharply higher overnight, ending near best levels on optimism about the upcoming…
A good start with the market up 74 but now drifting as the US Futures wither during the day.
TECHNICAL SUMMARY Not too much to go on today. Some quality stocks oversold and showing…
ASX 200 slipped from strong early gains to close up 29 points at 7056 (+0.4%) as geopolitical events hang and RBA minutes show RBA thought about a rate rise. Plenty of green on screen today with the Big Banks doing well, CBA up 0.5% and the Big Basket Basket up to $177.81 (+0.7%).
SMALL CAP PORTFOLIO SUMMARY Added a small positon in GMD yesterday. The MGFO punt pays…
MARCUS STRATEGY Struggled with this section today – there are mixed messages on the macro…
ASX 200 slipped from strong early gains to close up 29 points at 7056 (+0.4%)…
S&P 500, Nasdaq fall with data, geopolitics offsets strong results.
Treasuries, gold prices rise, stocks fall on Mideast fears.
US yields slide on worries Israeli raids inside Gaza could escalate.
European shares fall on global risk-off mood but log weekly gains.
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ASX 200 lost 25 points to 7027 (0.4%) as caution prevailed. It is a big week ahead with results, AGMs and economic data. Many players happy to hug the sidelines. Banks eased back with the Big Bank Basket down to $176.66 (0.5%). WBC the worst of the bunch down 0.8%. MQG off 1.4% with insurers mixed and fund managers easing. MFG fell 4.1% after moves in MGF to change its structure next year.