SUMMARY 109 stocks overbought (weekly) in the All Ords. Only 23 oversold. No change to…
Added some more ABB. Sold some of the ARU to take a fabulous profit.
The Fed is in No Hurry.
A look at Dr Copper.
High PPI numbers see bond yields higher again. Fed Meeting next week – messaging will be “No rate cuts yet” and “No rush”. RBA Meeting next week – Same same – No rush. Some cracks in Big Tech as Nvidia froth blows off and Adobe down 10% after hours. Five EV stocks down more than 80% in 3 years and one going bankrupt. Did Macquarie call the top on banks? Resources popped for a day but back in downtrend today. Lots of lithium newsflow – good and bad. Mostly bad.
Wall Street ended in the red overnight, weighed down by losses in chipmaker stocks for…
ASX 200 fought back from large losses to close down only 43 points at 7670…
UBS joins Macquarie calling the top on Banks – we sell the CBA in our Growth Portfolio and our ASX 200 ETF exposure in the Strategy Portfolio
The market struggling as banks drop on the back of a Macquarie downgrade