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Marcus Take Friday – Lots of Central Bank Action coming up – Market teetering

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.

Marcus Take Thursday – Bond yields going up again

Bond yields going up again. Interest rate sensitive sectors at risk. Big week of Central Bank action coming up – FOMC, RBA, BoE, BoJ. Big Tech momentum fading.
Selling BOE in the Ideas Portfolio (Uranium too volatile). Iron ore down again. We have no BHP, RIO or FMG. 17% cash in both the Income and Growth Portfolios.
Strategy Portfolio still fully invested. Waiting for that “One Bad Day”. No sign of it.

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