Pre-Market Pulse 5th January – Strong Jobs data contradictory of early rate cut calls
Profit-taking continued for a second day after a strong finish to 2023, where the S&P500 rallied 15% since early November.
Profit-taking continued for a second day after a strong finish to 2023, where the S&P500 rallied 15% since early November.
Metallurgical and thermal coal producer New Hope is positioned well for long-term organic growth with strong relationships with existing international trading partners like Japan and the slow pace of the “green transition”
Profit-taking continued for a second day after a strong finish to 2023, where the S&P500 rallied 15% since early November.
Much like the Christmas and NY hangover most of us are feeling, US Stocks trimmed some fat from the Santa rally
US Stocks fell away from record highs on Friday in the last trading session of 2023 as investors banked their “Christmas rally” profits, particularly in the “magnificent 7”
with the ASX200 underperforming the S&P 500 by the most in 18 months we are recommending a BUY of the leveraged long ASX200 and a short in the S&P500
Stocks snapped a nine-day winning streak with a sharp reversal into the close as investors appeared to take some profit from the recent 7-week “Santa rally”.
A quick 10% rally in just 6 session may see JDO run out of steam around $1
There are no imminent company announcements to trigger a catalyst for a significant jump from here.
We think it is prudent to bank a 10-15% profit on half and either re-enter under 90c or continue running the 10% trailing stop
Despite the geopolitical pressure, the Timor approval and WDS merger talk, STO has struggled to fund a bid. Conversely, the recent coal import numbers from China showed a 35% increase in coal imports
Stocks snapped a nine-day winning streak with a sharp reversal into the close as investors appeared to take some profit from the recent 7-week “Santa rally”.
It’s a good old-fashioned showdown in the lithium sector currently, with mining magnates in one corner and traders in the other
The Dow notched up another record high overnight, however, the small-caps continued to play catch up this month, outpacing the “Magnificent-7” heavy Nasdaq and S&P by double