Author: james Carter
Interest rates to rise in the US, how may it effect you?
The ASX 200 drifted lower with March futures expiring this morning and no sight of buyers in it the market. BHP led the miners lower, closing -59c, whilst WBC led the banks closing -45c.
The Oil price is significantly more stable than the natural gas price with only one major move over the last 20 years and that unsurprisingly was the GFC (chart 1). Hence, one of my concerns about investing in natural gas stocks is instantly removed. However, the three natural gas stocks I covered yesterday are also three of the largest oil stocks in Australia, so that clouds the water slightly, hence, easier to simply evaluate on individual merits. I have focused on three smaller oil stocks for the first time:
The ASX 200 failed to follow strong overnight gains, limping to a small 11 point gain. Had it not been for strength in the banks, with ANZ +17c and CBA +26c, we would likely have closed in negative territory.
Here is our Market Matters video update on Gold as mentioned in yesterday’s Morning Report
The ASX 200 closed 26 points higher today, with banks and resources both providing support. Commonwealth Bank (CBA) posted a +34c gain, National Australia Bank (NAB)+ 34c, BHP Billiton (BHP) +60c & RIO Tinto (RIO) +57c.
Gold is approaching my target of $1,400 US/oz, as conveyed over the past three months.
The ASX 200 followed Friday’s lead from the US, closing -11 points in a very quiet session It is evident that investors are taking a back seat and trading cautiously whilst the situation between Russia and the Ukraine remains unresolved.
The ASX 200 was sold off aggressively today, closing -83 points following overnight leads from both US and Europe on continued concerns surrounding the economic health of China.
I remain bullish equities over the next 1-3yrs, but as I have often said, the chart of the rally will resemble that of a zigzag. The bull market is maturing.
Really bullish, there's more to go in the reflation rally
Please enter your login details
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Enter and confirm your new password
Congratulations your password has been reset
Sorry, but your key is expired.
Sorry, but your key is invalid.
Something go wrong.
Only available to Market Matters members
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Smart Phone App
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
