Investors enthusiasm to “buy the dip” faded within one session as equites turned lower mid-session in the US on a slump in Super Micro Computer pressured chips stocks, weighing on the broader market.
Balanced Portfolio – SELL 5% Resmed (RMD) Take +10% profit
We recommended buying ResMed Inc. (RMD) due to its potential for strong performance in the upcoming earnings season on the 29th of July
Global equites stabilized overnight as dip buyers piled into beaten down tech stocks following a rout a day earlier, though gains were limited amid lingers concerns about an economic slowdown.
In one of the scariest sessions I’ve seen since the GFC, global equities imploded overnight, led by a 13.5% fall in Japan’s Nikkei, the largest fall since the Black Monday crash back in 1987
A minor equities panic has started to spread across global markets in the last few sessions as investors grow increasingly concerned that the US economy will go into recession.
To reassure you, the MPC Markets Balanced Portfolio is defensively positioned and while we are still not immune to the broader market weakness, we have been wary a move like this could happen
Investors abandoned growth stocks as a much weaker-than-expected jobs report triggered fears the US economy could be heading for recession and sparked a sharp jump in volatility.
Weaker economic data rattled investors overnight as jobless claims rose and US manufacturing data notched its 16th straight contraction, the longest streak in a quarter of a century
Anticipating next week’s company earnings and economic figures.
Stay informed on the latest financial updates and trends with MPC Markets
Stocks notched one of their biggest gains since February overnight, as the Federal Reserve kept rates unchanged, though signaled that it that potential cut in September was on the table.
Stocks headed lower led by tech amid cautious trading as the Fed kicked off its two-day meeting and investors awaited further earnings from big tech.
What’s Affecting Markets Today Fortescue sinks on $1.9B Block Trade JPMorgan sought buyers for $1.9 billion of discounted Fortescue stock
Equities closed slightly higher as investors kept their powder dry ahead of tech earnings and the Federal Reserve meeting due this week
