Closing Bell 18th January: Australian Job Market Falters for December
Australia’s job market takes a hit with a significant loss of 65,116 jobs in December, challenging the economic outlook and influencing ASX trends.
January 2024
Balanced Portfolio Recommendations: Reduce Pilbara Minerals (PLS)
Pilbara is one of our favourites and has been a big winner for us over the last 3 years. Despite this the headwinds have become too great in the medium term with lithium prices falling 78% in the last 12 months.
Balanced & Conservative Portfolio Portfolio Recommendations: Add 2.5% Ebos Group Ltd (EBO) & Add 2.5% Betashare Global Healthcare ETF (DRUG)
Amid economic uncertainties, healthcare remains resilient, benefiting from consistent needs and innovation. This strategic move offers stability and growth potential in a fluctuating market.
Pre-Market Pulse 18th January – Solid retail sales dent rate cut hopes
Equities continued to drop as Treasury yields advanced, squeezing tech after stronger-than-expected economic data muddied investor expectations for a Federal Reserve March rate cut.
US Earning Calendar: 22nd -26th January 2024
Anticipating next week’s US company earnings updates. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
Closing Bell 17th January: ASX Dips Amid Global Rate Cut Speculations Waller’s Speech Impacts Markets
ASX faces midday downturn, tracking global markets after Fed’s Waller cools rate cut hopes. NAB revises RBA stance, while Evolution Mining sees significant fall.
Balanced Portfolio Recommendations: Take Profit Telix Pharma(TLX)
Take Profit Telix Pharma (TLX) in our balanced portfolio, we will take half our allocation for a 15.8% profit as we see the overall market underperforming in the next couple of weeks.
Pre-Market Pulse 17th January – Fed throws cold water on the markets early rate cut call
Equities fell away from recent highs as Fed’s Waller spoke, throwing cold water over the markets lofty rate cut expectations.
Closing Bell 16th January: ASX falls to four week lows. Miners lead losses
XJO drops to four week lows. Miners and Industrials hardest hit. Financials firm
Pre-Market Pulse 16th January – Uranium run continues as US shut for Martin Luther King Day
Equities in the US were closed overnight for Martin Luther King Day. Equity index futures were open, with the DOW -0.06% S&P500 -0.09% and Nasdaq -0.02%
Uranium continued its strong run, settling at another fresh 16 year high of $106lb.
Closing Bell 15th January: XJO flat, Uranium stocks continue strong rally
ASX slightly higher. Uranium stocks continue strong rally. Agriculture stocks rise
Alpha Portfolio Recommendation: Take Profit – Deep Yellow (DYL)
A recent rally in the underlying Uranium price has seen the spot price rally from $80 to a fresh 16-year of $104. We have hit profit target for Deep Yellow and taken a 26% profit on the trade.