Bulls vs. Bears EP41: Tesla earnings save the market from surging bond yields
A wrap of the week in markets from the boys at MPC Markets.
We cover stocks, politics, opportunities on the ASX and geopolitics
October 2024
Closing Bell 25th October: Wisetech rallies, MinRes falls as CEOs are in the headlines
Australian shares rose by midday Friday, driven by a 14% surge in WiseTech following CEO Richard White’s sudden exit. The S&P/ASX 200 gained 0.4% or 35.2 points to 8241.5, bouncing back from Thursday’s 0.1% loss but set for a 0.5% weekly decline. Technology led nine advancing sectors, rising 4%.
Pre-Market Pulse 25th October – Tesla soars most in a decade, saving stocks from 4th down day
Stocks snapped a three-day losing streak overnight, as Tesla soared 22%, racking up its best day in over decade following the electric vehicle maker’s better-than-expected quarterly results.
Closing Bell 24th October: Reece falls after trading update. XJO flat as banks recover
Australian shares edged higher at midday, with the S&P/ASX 200 up 10 points to 8233 after a weak start. A recovery in the banking sector, particularly Commonwealth Bank’s 1.2% rise, offset broader market declines. Technology stocks dropped 2%, following the overnight fall of US mega-caps like Nvidia and Apple.
JTrader: 24th October 2024
In this epic (but long) interview Hugh outlines his thesis on a deflationary collapse. JTrader gives his summary and comes out with an actionable idea
Pre-Market Pulse 24th October – Stocks surrender to rising bond yields, Tesla shines after the bell
Despite Tesla impressing the market after the bell, stocks finally succumbed to rising Treasury yields putting pressure on megacap stocks, as investor confidence waned regarding significant rate cuts from the Federal Reserve.
Closing Bell 23rd October: Mineral Resources Slides Amid Allegations, Drags ASX Lower Despite Gains in Gold Miners
The Australian sharemarket tumbled on Tuesday, with the S&P/ASX 200 Index falling 1.4%, or 226.4 points, to 8228 by midday, following a sell-off across all sectors.
Balanced Portfolio Switch: Consumer Staples
Sell Ampol (ALD) to BUY Woolworths (WOW)
Pre-Market Pulse 23rd October – Gold and Silver scale new heights on BRICS & US Election
Precious metals continued their bull run overnight as stocks ended slightly lower, recovering the bulk of losses as traders weighed rising Treasury yields and mixed slate of quarterly corporate earnings.
Balanced Portfolio Switch: Take Profit NST & Silver to Precious Metals Basket
Take Profit NST & Silver to Precious Metals Basket (ETPMPM)
The recent run in gold and silver prices are currently up the most YTD in decades.
Platinum and Palladium have lagged and should help this ETF higher
Closing Bell 22nd October: ASX Dips as Investors Push RBA Rate Cut Expectations to May 2024
The Australian sharemarket tumbled on Tuesday, with the S&P/ASX 200 Index falling 1.4%, or 226.4 points, to 8228 by midday, following a sell-off across all sectors.
Pre-Market Pulse 22nd October – Higher Treasury Yields cap stock gains, Silver hits 12 year high
Treasury yields climbed overnight, capping gains in equities, as Fed speakers continue to echo the need for more gradual pace of rate cuts while silver surged to 12-year highs as BRICS conference kicks off today