Market Calendar 27th May – 31st May 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
May 2024
Pre-Market Pulse 27th May – Nvidia carries the weight of the market on it shoulders
Stocks push higher on Friday as the Nasdaq rallied to a record close, ending the week with a win as a Nvidia-led surge fueled bullish bets on stocks offsetting jitters about higher longer interest rates ahead of the long holiday weekend.
Closing Bell 24th May: Westfarmers lead the slide in Consumer Discretionary
A Wall Street sell-off impacted Australian capital markets on Friday, leading to a decline in shares across technology, retail, and banking sectors due to rising bond yields and reduced rate cut expectations.
Balanced Portfolio Recommendation: Lithium Reduction
the combination of oversupply, moderated demand growth, geopolitical instability, and environmental challenges has contributed to the downward trend in lithium stocks.
Bulls vs. Bears: Bond Bears Battle NVIDIA Bulls
In a week where rising bond yields de-railed the equities rally, Nvidia did its best to single handedly hold up the market.
Consequences of the Spiraling US Debt
The spiralling US debt, currently sitting at $34T and rising at least $1T every 100 days… and there will be consequences
Pre-Market Pulse 24th May – Bond yields drag stocks lower despite Nvidia’s AI optimism
Stocks slipped from record highs as rising Treasury yields on signs of sticky inflation dented rate-cut hopes offsetting an Nvidia-led charge higher in tech stocks.
Closing Bell 23rd May: ASX Pares Losses; Metals Rout Hits Miners, Xero Rallies
Australian shares trimmed earlier losses, trading around 0.4% lower as trading entered its final hours. This follows Wall Street’s decline after the latest US Federal Reserve policy meeting minutes indicated concern about slow inflation progress.
Balanced Portfolio Recommendation: Switch 2% Elders (ELD) to Nufarm (NUF)
We recommend reallocating 2% of our portfolio from Elders (ELD) to Nufarm (GNC). This decision is based on the realization of a 9.2% profit in Elders and the assessment that Nufarm is currently undervalued, as supported by its recent earnings report and market conditions.
Pre-Market Pulse 23rd May – Fed minutes show concerns on Inflation, Nvidia beats
Stocks closed lower Wednesday, a day after notching a record high as investors digested the minutes from the Federal Reserve May meeting showing concerns about progress on inflation.
Closing Bell 22nd May: AP Eagers falls due to lower consumer demand. Markets wait for Nvidia earnings overnight
AP Eagers falls due to lower consumer demand. Webjet rallies on demerger talks. Markets wait for Nvidia earnings overnight
Pre-Market Pulse 22nd May – Market treads water ahead of Nvidia results
Stocks eked out a small gain as the S&P 500 and Nasdaq closed at record highs Tuesday as the intraday dip in tech was bought ahead of eagerly awaited earnings from AI-darling Nvidia due Wednesday.