Pre-Market Pulse 5th July – US closed for 4th July Holiday, Key jobs data in focus
In short, nothing happened overnight. Equity futures were mixed with the DOW +0.7%, S&P500 -0.09% and the Nasdaq -0.21%
Pre-Market Pulse 4th July – Another day, another record close despite economy weakening
Equities notched another record close overnight, in a holiday-shortened session as a slew of weaker economic data boosted hopes for sooner rate cuts, a day ahead of the 4th of July holiday.
Pre-Market Pulse 3rd July – S&P500 hits record as Powell says there is progress on inflation
The S&P500 hit a record high overnight, underpinned by a surge in Tesla and optimism over rate cuts after Federal Reserve Chair Jerome Powell cheered recent progress on inflation.
Pre-Market Pulse 2nd July – Tech buoys equities as investors wait on Powell and Payrolls
Stocks edged higher overnight, buoyed by tech as stocks kicked off the second half of the year on the front foot ahead of Powell speaking in Europe and crucial monthly jobs report due later this week.
Balanced Portfolio Recommendation: Switch 5% Yield play BHYB to FMG
By switching 5% of our BHYB holdings into FMG, we aim to capitalize on the potential price recovery and yield advantage offered by FMG. This move is expected to enhance our portfolio’s overall yield while leveraging FMG’s strong fundamentals and growth prospects.
Balanced Portfolio Recommendation: Lithium Strategy update – Switch Arcadium to Liontown
After our timely trim less than a month ago, Lithium stocks have fallen heavily due to EOFY Tax loss selling.
Our relative value model now suggests that Liontown presents more long term value
Balanced Portfolio Recommendation: Add 3.75% – Global X Physical Silver (ETPMAG)
ETPMAG is backed by physical silver. Each physical bar is segregated, individually identified and allocated.
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
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
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.
Market Calendar 27th May – 31st May 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Balanced Portfolio Recommendation: Lithium Reduction
the combination of oversupply, moderated demand growth, geopolitical instability, and environmental challenges has contributed to the downward trend in lithium stocks.