Pre-Market Pulse 23rd January – Big Tech drags market to new record highs ahead of earnings
Equities settled at new record highs overnight, as bullish bets on tech continued ahead of busy week of corporate earnings and key economic data.
Pre-Market Pulse 22nd January – Chipmakers drive market to record highs
Equities posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.
Balanced Portfolio Update: Yancoal (YAL) Quarterly update
Yancoal has delivered their quarterly update overnight. This has seen the price rally to $5.75 (+19%)
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.
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.
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.
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.
Alpha Portfolio Recommendation: BUY Alligator Energy (AGE)
A recent rally in the underlying Uranium price has seen the spot price rally from $80 to a fresh 16-year of $104. The ease in which the spot price has broken through the key $100 mark leads us to believe that Uranium explorers like Alligator (AGE) will start to play catch up with the more mature Uranium miners like PDN and BOE
Pre-Market Pulse 15th January – Red Sea tensions continue to rise with British attacks on Yemen
Equities closed barely changed on Friday, after wavering between modest gains and losses, as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve.
Pre-Market Pulse 12th January – Inflation numbers dampen rate cut calls, Bitcoin ETF launch
Equities as investors digested data showing that U.S. consumer price inflation came in above economists’ expectations in December.
Pre-Market Pulse 11th January – Megacaps rally as market waits on Inflation data
Equities were firm overnight, built on the strength in megacaps, but gains were limited ahead of inflation reports and major bank earnings later in the week.