Powell doesn’t disturb – Cracks appearing in Big Tech – BHP and RIO ex-dividend – thinking about an FMG One Stock Portfolio instead of BHP.
Was that the Big Tech Top? Far too early to say. And Nvidia was up. Our Futures only down 10 – a lack of Tech helps sometimes. Cynicism over China’s “meaningless” 5% GDP target. Concerns for Tesla’s and Apple’s Chinese sales. Lithium smashed again – Albermarle exploits the froth. Goldman predicts 25% fall in lithium from here. Short covering rally won’t last. Bond yields conming down nicely. Powell speaks 2am Thursday morning. Bitcoin tops out for a day. Lots of ex-dividends again.
ASX 200 flips to close at 7734 up 9 (+0.1%), turning positive as GDP number…
Following a member request and it printing a daily buy signal on Monday we are…
The Nasdaq Composite pulled back by 1.65%. Apple slips.
Dow lost 1.04%, to 38,585.19.
The S&P 500 dipped 1.02%.
ASX SPI down 10
The NASDAQ dropped 1.65% overnight. Lithium stocks cratered again. Bitcoin even peaked. We have gone “Risk Off” for a day.
ASX 200 closes up 9 at 7734 (0.1%), turning positive as GDP number disappoints and hopes for a rate cut brought forward.
Banks in favour.
US equities fell sharply overnight, pressured by a fall in megacap growth companies like Apple…