Bulls vs. Bears: Fed Hawks break up stock market party
Fed speakers were especially hawkish this week, triggering a sell-off in equites. While copper saw 2-year highs on a potential structural shortage
April 2024
Pre-Market Pulse 19th April – Hawkish Fed speakers & Netflix add to stock market woes
Equities notched their 5th straight day of losses, the longest losing streak since October, as hawkish Fed speak pushed treasury yields higher
Closing Bell 18th April: ASX Iron Ore Giants Climb as Demand Dynamics Shift
ASX-listed iron ore heavyweights see gains as global demand wavers, influencing a notable uptick in the S&P/ASX 200 amidst evolving economic conditions.
Balanced Portfolio – Physical Silver (ETPMAG) Trim, Take Profit (+23%)
The recent run in Silver and the “store of value” trade is at odds with the interest rate outlook and we will likely see a pullback as geopolitical tensions ease
Pre-Market Pulse 18th April – Equities led lower by Nvidia as “Higher for Longer” sinks in
Equities continued to slide led by an Nvidia-led slide in tech just as fears of higher-for-longer Federal Reserve interest rates persist.
Closing Bell 17th April: ASX edges higher. Gold stocks surge. Droneshield rallies to new highs
ASX edges higher. Gold stocks surge, EVN leads the way. Droneshield rallies to new highs
Pre-Market Pulse 17th April – “Higher for Longer” reaffirmed by Fed Chair Powell
Stocks finished slightly lower in a highly volatile session as Federal Reserve Jerome Powell signaled the need for rates to remain higher for longer following recent inflation data that surprised to the upside.
Closing Bell 16th April: XJO down 2%. Banks and REITs lead the way lower
XJO down 2%. Banks and REITs lead the way lower. US Markets sell off as rate cuts look more unlikely
Balanced Portfolio Risk Reduction: Strategy update
After an unbroken 6 months rally, a number of factors are now compounding to weigh on global equity markets
Alpha Recommendation: Sell Take Profit – Droneshield (DRO)
Our initial buy recommendation was at $0.72. Since then, DRO has experienced a decent upside move, largely due to the escalating situation in the Middle East, which has amplified the need for DroneShield’s offerings. With the share price now touching $0.95, our designated exit point, we have achieved a profit of 31.95%.
Pre-Market Pulse 16th April – Geopolitical tensions and fading rate cut hopes weigh on stocks
Equities heavily sold off, pressured by a spike in Treasury yields as geopolitical tensions and stronger-than-expected retail sales data dented expectations for interest rate cuts and overshadowed strong earnings from banking giant Goldman Sachs.
Alpha Recommendation: Strategy Update – Droneshield (DRO)
Increase Price Target to $1.05 (+45%)