Author: james Carter
Has BHP’s mooted $20 billion asset spin-off changed my negative view?
The ASX 200 was unable to match gains posted by US markets overnight, closing up only +6 points in a choppy trading session.
The S&P 500 made fresh all-time highs in the US overnight and both the Dow and German Dax look set to follow in its footsteps tonight. Unfortunately, the ASX200 remains 21% adrift of its 2007 highs. The NASDAQ continues to unfold exactly as we predicted. Potentially , the press coverage may start to create the “Fear of Missing Out” scenario that pushes markets too high, too fast and sets them up perfectly for a +10% correction in May / June.Please see the Market Matters video update on the NASDAQ and ASX200.
The ASX 200 showed strength early, as anticipated given offshore leads, however, choppy and aggressive trading throughout the session saw the market close just above the 5400 level.
The large Food Retailing stocks have underperformed recently, an opportunity looming?
End-of-quarter selling pressure eased by positive signals out of China
This morning, the papers are discussing Telstra’s role in the NBN as they are shaping up to play a major role in the construction of the national broadband network (NBN Co.). My question is whether Telstra / Telco’s are a place to invest some funds away from banks as interest rates start to rise. I have generally been very disappointed with Telstra as a company (perhaps they have put me on hold too often!), as their share price remains below 2005 highs and over 40% below 1999 levels. However, the share price has had a stellar run since 2010 almost doubling and paying great dividends but so it should with its monopoly in areas, plus excellent market take up of mobile phones, internet etc.
The ASX 200 was surprisingly strong today, closing 39 points higher as the month and quarter end led to a complete lack of selling.
The gold price has fallen over $US100/oz from the highs of this month and is now only $US100/oz from the lows since 2008.
The ASX 200 was solid today, closing up 16 points after trading -22 points lower intraday.
Really bullish, there's more to go in the reflation rally
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