Closing Bell 14th June: Tabcorp gains on regulation changes as ASX drifts lower
Tabcorp gains on regulation changes as ASX drifts lower.
Bulls vs. Bears: AI stocks surge while the rest burn
The AI Mega Caps surge, while the rest of the world burns. Equities were dragged record highs by 2 stocks this week, masking the underlying weakness in the rest of the market and the effect of a more hawkish than expected Fed meeting.
Alpha Recommendation: Buy Boss Energy (BOE)
Boss has reached oversold levels from a technical standpoint with our indicators turning positive.
Add to this the announcement of first production at Alta Mesa in Texas
Pre-Market Pulse 14th June – Tech rally continues to hide broader market weakness
US stocks clinched another record close, as surge in Broadcom lifted chip stocks and bets on rate cuts this year were boosted by further signs of slowing inflation despite the broader market falling 1% and Europe falling 2%
Pre-Market Pulse 13th June – AI stocks keep climbing despite hawkish Fed
The seemingly endless AI rally continued overnight despite the Fed being more hawkish than expected, whittling down the possibility of rates cuts to just one cut this year, and less in 2025 as the central bank remains cautious on inflation.
Pre-Market Pulse 12th June – Apple rallies as Wall St starts giving out “Participation Awards”
In the Wall St equivalent to a participation award, S&P 500 and Nasdaq climbed to a record close for the second-straight day, on a surge in Apple to all-time highs, on AI…. 18 months late and not even their own product
Pre-Market Pulse 11th June – Equities grind higher into Fed Meeting
The S&P 500 and Nasdaq reached new record highs, driven by a strong performance in the technology sector ahead of the Federal Reserve’s interest rate decision and upcoming inflation data.
Bulls vs. Bears: Europe and Canada break the seal on rate cuts
Europe and Canada Central Banks decided to roll the dice with pre-emptive rate cuts, despite inflation being well beyond the target range, while cracks started to show in the US labour market this week
Pre-Market Pulse 7th June – ECB joins Canada in pre-emptive rate cut
Equities took a breather after notching a record high a day earlier, as investors weighed up the ECB’s rate cut and further signs of cooling in the labor market, just a day ahead of the crucial monthly U.S. jobs report.
Balanced Portfolio Recommendation: ADD 3% Audinate (AD8)
Audinate Group Ltd (AD8) was founded with a vision to pioneering the future of AV. Audinate’s award winning Dante audio over IP networking solution is a market leader and used extensively in the professional live sound, commercial installation, broadcast, public address, and recording industries
Pre-Market Pulse 6th June – Investors rejoice as Canada cuts rates and labour market worsens
A Bank of Canada rate cut and signs of further cooling in the labor market fueled investors “one-eyed” optimism, lifting hopes that the Federal Reserve will cut interest rates later this year
Understanding Stagflation: A Tricky Economic Problem
Stagflation is a tough economic situation where the economy slows down, many people lose their jobs, and prices keep rising all at once.