Resources to banks switch kicks off.
No hurry to buy gold miners. Quarterlies drop.
ASX200 where to from here?
Tesla promises yet again. Cheap model?
SUMMARY Sold both gold exposures yesterday. NST for a nice 8.6% profit. BGL in contrast…
Focus on Australian CPI at 11:30am. Selling SNAS trade – downtrend loses traction. Good start to Tech results. Tesla up 11.3% after hours (is Tesla a Big Tech?). Meta, Microsoft and Alphabet results to come this week. US PCE Price Index number on Friday the main signpost. Citi says buy the dip. UBS says Big Tech profit growth to collapse. Some Stats on corrections. Education Corner – Ten Investors – which one are you?
ASX 200 fell 1 point to 7683 (-0.01%) after a CPI gut punch stole the…
The CPI number today has come in higher than expected. We’ve closed our SNAS trade – best stand back for the moment and await Us results and the US PCE price index number
ASX 200 has risen 34 points to 7684 (+0.5%) as the market waits for US…
Buying the bounce? Not yet. The US results season and the Inflation numbers this week are going to fill or kill this rally.