Hey Superheroes, A rally on Wall Street overnight sent Aussie stocks UP, just in time for the weekend. Oh, and multimillionaire property developer Tim Gurner laid off avo-toast eaters this week only to take aim at “arrogant” workers (sigh). Here’s what the rest of the week had in store for us. Apple drops new iPhone […]
Hey Superheroes, The U.S. indexes fell on Wednesday, dragged down by tech heavyweights Apple, Tesla and Nvidia, leaving our local index down 1.8% for the week. Oh, and the Aussie consumer watchdog ASIC is firing on all cylinders this week. It seems to be on a suing roll with Westpac, AustralianSuper and PayPal all caught […]
Happy first day of spring, Superheroes! Mining company execs are this week’s endangered species (more on that further down), and many of you were buying volatility ETFs. What do Superheroes know that we don’t? Let’s get into it. Flight Centre is back to the future with dividends Thought Flight Centre was a dying beast […]
Hey Superheroes, Earnings reports have been rolling into ASX HQ all week. And while many sectors like real estate and mining were a sea of red, there were some green beacons like IPH and Inghams Group. The Aussie dollar hit a 9-month low due to China’s economic woes, while lithium’s downward price trend sparked plenty […]
Hey Superheroes, After some big results from Wall Street giants over the past couple of weeks, it’s now time to put our homegrown counterparts under the spotlight. Murdoch’s News Corp suffered a 75% profit blow (ouch!), while furniture retailer Nick Scali just reported a profit surge of over 26% on the prior year. No couch […]
Good news, Superheroes! The RBA expects Aussie inflation to slow down to 4.1% by the end of the year, despite the ASX flatlining earlier in the week. Amazon, Apple and Airbnb all beat earnings expectations this morning. Oh, and Pilbara made a roaring announcement about an innovative lithium product it’s developing to drive an all-new […]
Hey Superheroes, The ASX closed at a four-week high midway through the week thanks to mining and energy stocks, and Blackstone became the first private equity firm to hit the US$1 trillion mark. Meanwhile, ChatGPT-4 has gone from genius to…huh? Let’s get you your weekly markets fix. Carvana drives itself out of the ditch […]
Hey Superheroes, It’s been a week of historic firsts. On Tuesday, the United States and Iran signed an interim peace agreement, formally ending the three-month conflict. In response: Brent crude dropped below US$95, the IAEA is ready to begin diluting Iran’s enriched uranium stockpile, and the Strait of Hormuz is opening back up. Markets responded […]
Hey Superheroes, Markets flipped fast this week. A last-minute ceasefire between the U.S. and Iran wiped out weeks of tension in a single move. Oil prices plunged. Risk assets rallied. Sentiment turned almost overnight. U.S. crude oil closed down 16.4%, its largest single-day decline since 2020. Back home, the ASX 200 advanced 2.7% on Wednesday […]
Hey Superheroes, U.S. markets bounced back Thursday after two consecutive down sessions, with the Dow Jones Index climbing 0.6% as chip stocks rallied following blockbuster earnings from Taiwan Semiconductor. Bank earnings dominated headlines as Goldman Sachs and Morgan Stanley both beat expectations, though some financials remain under pressure from Trump’s proposed credit card interest rate […]
Hey Superheroes, Despite there being only 4 more trading sessions until Christmas (eek!) there is still plenty going down. We have had cooling inflation and a small tech rebound in the United States, Crude Oil dropping to a four year low despite escalation in the Caribbean and closer to home, both CBA and NAB have […]
Hey Superheroes, The Fed cut interest rates by 25 basis points to 4.00-4.25% this week, marking its first policy shift this year. While the move was widely anticipated, it’s a sign that the world’s most influential central bank sees growing downside risks to economic growth. Wall Street cheered with the Nasdaq and S&P 500 hitting […]