Author: james Carter
The ASX 200 ended the day 61 points higher at 5,396 led both by the banking and iron ore sector, with Westpac (WBC) up 1.4% at $33.07 and BHP Billiton (BHP) 1.3% at $32.53.
The Murray enquiry puts the lid on our banks, an opportunity?
The ASX 200 closed 27 points lower at 5335 after falling 65 points intraday, below the 5300 level.
*Our current format has been to cover an international stock on Monday mornings, however so much specific news has occurred in the last 48 hours that I thought I would address it individually this morning.*
The ASX 200 rallied this morning, following PBOC’s interest rate cut last Friday, ending the day 58 points higher at 5362.
The ASX200 continues to be punished as the outlook for China worsens, hammering the Iron Ore, plus we seem to recently have had additional bad news coming from all angles e.g. Woolworths (WOW) and Sonic Healthcare (SHL). Seasonal trends are now turning positive, whether the market listens this year is the big question. Below is a summary of seasonal statistics that would usually point to a strong rally after the recent 245-point ( 4.4%) fall, BUT remember I am targeting a 15% fall from US equities early next year and the ASX200 actually often leads markets.
It was a choppy session today, with the ASX200 ending the day down 12 pointsAT 5304 and down 2.8% for the week.
Three household names are getting dumped, do we buy?
It was a sea of red today in the ASX 200, ending the day down 53 points, or -1% to 5316.
Directors are selling one of our portfolio holdings, my thoughts?
Really bullish, there's more to go in the reflation rally
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