The chart below shows the very close correlation between the iron ore price and the ASX 200 (ASX: XJO) resources sector. (Charts dated 11th February 2021) When you look at this chart you begin to realise that it really doesn’t matter what the broker analysts say, what the earnings forecasts are, what the return on…
Lynas Corp (ASX: LYC) – It’s one of the top performers in the ALL ORDS over the last six months. An attractive growth trajectory. Henry’s been onto this one for a while. About time we put it through the BHS filter. LYC is the world’s second largest producer of separated Rare Earths, and the only…
The Vaccine/Biden inspired rally and subsequent rotation into ‘value’ stocks struck down by the pandemic has helped the market print its best month since March 1988. It’s left a lot of investors wondering, what the Tech? Energy stocks have been the best performers last month, surging by almost 30% vs the market up 11.2%. The…
Less than four weeks to Christmas. The commentators are already talking about the “Santa Claus Rally” which is when the market seasonally rallies into the New Year. It is a well-accepted market phenomenon, and there is some logic behind it. A lot of financial decisions are made by companies and individuals at the end of…
ASX 200 (ASX: XJO) celebrated a Biden Presidency with the index rising 109 points to 6299 (+1.75%) an eight-month high. Dow futures up 383 helping things along. Some of the big movers from today US Presidential Election There may be some way to go with legal challenges and further accusations of fraud, but as it…
The ASX 200 market has taken direction from the souring virus picture in the northern hemisphere. Attention slipping from vaccine progress and optimism over democratic sweep. Monday saw the ASX 200 give up early gains to close down 11 points to 6156 as the index remained in a pause. Stimulus talks remained in the spotlight…
A massive milestone for market darling Afterpay (ASX: APT) as they break through $100 for the first time, as the ASX 200 starts the week strong. Keep reading to catch up on how the week started. How the week started Monday saw the ASX 200 (ASX: XJO) rally hard up 53 points (+0.85%) after a…
Rare Earths Part 1: Someone is going to pay for this. Cold War 2.0 sees a new front emerge. Donald Trump has shrugged off CV19 in the space of days. Something that will only add to his aura for his supporters but apart from his return to health, and the theatrics surrounding his helicopter landing…
DEMOCRATIC SWEEP A bit ho-hum today but a major market theme is developing. The Blue Wave chatter has morphed into a new phrase in the newswires – “Democratic Sweep”. This is an image from a US article titled “Wall Street prepares for the blue wave Democratic sweep“. The Bull market is getting ready to emerge.…
The ASX 200 (ASX: XJO) bounced hard, up 150 points Monday reversing the damage we saw on Friday afternoon after it was announced Trump would be back at his desk following a brief visit to Walter Reed National Military Medical Centre. Volume was low with many states and China on holiday. Tuesday saw a second…
