Podcast Archive

The ASX 200 rose 73 points to 7370 (1.0%) with a sigh of Evergrande relief as the sun came up after all. 

• Banks were dominant despite a rise of around 14% in iron ore. The Big Bank Basket rose to $180.32 with MQG up 2.6% and even MFG up 2.0%. Top bank CEOs were in Canberra talking about the problems with rampant house prices.  
• Industrials firmed with NWS leading the way after a buy-back was announced, the stock rose 8.4%, TLS also doing well up 0.8% and SEK 2.1% to the good. TCL returned from its mammoth near $3bn raising and barely budged. 
• Tech stocks fared well after APT rose 4.2% on Square’s move, Z1P continued the run from its Indian adventure announcement yesterday, up 4.9%. CPU also stirring up 3.7% and the All-Tech Index showing a solid 2.9% gain. 
• In miners, things were slightly muted given the commodity price rises. Uranium stocks slipped, Iron ore stocks improved modestly with FMG up 1.0% and RIO better by 0.6% with MGX up another 2.1%. BHP though failed to launch closing down 0.7%. Action in base metals were dominated by the news from SFR that they had agreed to acquire a Spanish project, Minas de Aguas Teñidas S.A, for a company making or shaking, number of US$1.85bn. Oil and gas firmed with STO up 2.9% and WPL up 1.7%. 
• Travel stocks firmed, after the speech from Dan Tehan yesterday, promising international travel by Xmas. WEB up 5.6% FLT up 5.2% and QAN took off 4.6%. In economic news, we had household wealth numbers and all eyes were on Hong Kong as Evergrande rallied 18% as liquidity issues sorted perhaps. At least for now.

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 Everybody watching the Evergrande price this morning. Up 30% at one point. The iron ore price bounces 14% prompting suggestions we have seen the bottom. Metal prices up. Travel stocks coming alive again as the Foreign Minister says our international borders will open by Christmas. I've included a couple of ideas for the brave trader today. And much more including a roundup of what the Fed said. 

Catch up with all the overnight action in stocks,commodities and the issues that will drive our market today.

• ASX expected to open slightly higher SPI up1 4 after a strong session in US.
• Iron ore rallies 14%. Base metals stronger overnight.
• FOMC talks taper but not yet. Dot plots rise.
• Evergrande crunch day but could be a non-issue.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today

The ASX200 shrugged off early losses to close up 23 points at 7297 (0.3%) after some encouraging news on Evergrande debt emerged and the PBoC injected more liquidity into the system. The market did drift off this afternoon into the close. FOMC beckons tonight.
Resources led the way higher with iron ore stocks rebounding from oversold positions. BHP up 2.4% and FMG up 4.2%. Base metal miners also getting in on the act with OZL up 3.0% and IGO rising 1.4%.
Gold miners also finding some support on rising bullion prices, DEG up 4.1%, NCM up 0.6% and EVN better by 1.6%. Oil stocks gained STO up 1.9% and WPL rising 2.4%. Banks were sloppy together with insurers although MQG made gains of around 0.4%. The Big Bank Basket fell to $178.55.
Industrials was mixed to slightly better with REA continuing to see gains and GMG basking in logistic glory up 1.4%. Healthcare also rose with CSL up 0.7% and FPH ahead by 1.0%. Tech stocks were mixed.
Little on the corporate front today, WBC abandoned its plans to sell PNG to KSL, AXE sealed another patent in the US moving up by 4.5% and GMD did the deal of the day up 147.0% after a new strategic funding package from Raleigh Finlayson, the former MD of SAR and NST.

European markets opening slightly firmer.


Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

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Evergrande says it will pay its debts (some of them), China injects more liquidity, and the market bounces. Is that it? Will there be after-shocks? Which stocks do I buy? Plus today we have some buy signals in some beaten up stocks which might interest traders. We also explain what the dot plot is. It will be updated at the FOMC meeting tonight.

Catch up with all the overnight action in stocks,commodities and the issues that will drive our market today.

• ASX expected to open slightly lower. SPI down 14 after a mixed session in US.
• Rally ran out of steam ahead of FOMC meeting and Evergrande deadline.
• Chinese markets back on line today. 
• Draftkings bids for Entain. 
• Commodities ease. Gold rallies.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

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For the first time in months the market has found an excuse for a sell-off. Evergrande is the problem but it's the uncertainty that is the killer. No-one knows who is exposed and where the tentacles of contagion will reach. Or whether the Chinese will save the situation tomorrow. With US markets trading at the highest PE since the tech boom, it doesn't take much to puncture the bubble. Today's podcast explains Evergrande and gives you a clear strategy on what to do next. Also look out for the ON THE DESK PODCAST today. 

Catch up with all the overnight action in stocks,commodities and the issues that will drive our market today.

• ASX 200 set for another tough opening with SPI down 98.
• Commodities fall again. Iron ore down to US$94. 
• RBA Minutes today.
• All eyes on Asia and the Evergrande crisis.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

The boys are back on the desk after a brief hiatus. This week they dissect where the market might be heading next and some potential "pivot point" events on the horizon. Plus,  what's next for oil and iron ore, and an update on the One Stock Per Sector Portfolios.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.