Between the Bells

The Aussie market is eyeing a gain of 0.3% if you go by the futures - likely to extend its rally from Wednesday and Thursday – which will form a nice uptrend for the ASX200.    What to watch today: Economic recovery stocks – expected to gain momentum as GP clinics offering COVID-19 vaccines will double to 3,000 by this week with 4,000 clinics offering the vaccine by the end of April.  Economic new...

We saw US equities rise on Wednesday, closing out the best month since November, as investors rotated back into tech while weighed down on Biden’s big infrastructure spending plan. Over the sea, European markets closed lower as Deliveroo tumbled on its debut, falling as much as 30% and euro zone inflation jumped to 1.3% in March from 0.9% in February. What to watch today: The Aussie market looks s...

The Aussie market is set to open higher, around 0.8%, which defies the losses that were seen over on Wall Street.  Major tech shares were in the red after the 10-year Treasury yield reached its highest level since January 2020. Both Apple and Microsoft led the losses. They both fell about 1%.  What to watch today: Building permits for February are out today at 11:30am.   The Oil price dipped 1.6%...

The Aussie market is eyeing a lift of 0.7% if you go by the futures. But the market will be mulling over travel and tourism stocks as Brisbane bunkers into a three day snap lockdown.   What to watch today: Profit reshuffles ahead of the quarter ending tomorrow – expect profit taking in stocks that have had a good rally like banks, travel and tourism stocks. While tech stocks could rally as fund ma...

US stocks ended higher on Friday, with the benchmark index the S&P500 rising 1.7% to a record high, while Nasdaq ended up 1.2% as investors continue to chase stocks benefiting from the economy reopening. BHP and Rio Tinto listed in the US, both rose 3.9%, after the oil price rebounded, while the copper price jumped over 2%  back to it’s 10 year high neighbourhood, supported by better than expe...

The market put on its best weekly gain in five weeks as 300,000 Aussies got the jab and restrictions are set to ease in NSW and Victoria. Investors continue to reshuffle their portfolios, buying into economic growth stocks, whilst moving out of Tech. In this week’s wrap, Jessica covers:  (0:29) Healthcare beating the market: CSL rises 6% (1:10) Why economic growth sectors are thriving as pandemic...

Bank stocks like JPMorgan Chase rose 1%, following an announcement by the Fed that big banks will be able to resume normal dividend payouts and share buy backs from 30 June. Citi, Wells Fargo and Goldman Sachs followed JPMorgan Chase’s rise.    Economic News: Weekly unemployment claims fell to their lowest level in a year; jobless claims fell to 684,000 last week - far lower than forecast.  Econom...

The Aussie share market is likely to follow Wall Street lower – the futures are down 0.2%.  As expected - portfolio adjustments continued to weigh on the US market; as investors ramp the switch away from 2020’s darling tech stocks, to stocks benefiting from life going back to the new normal.    What to watch today: Stocks that should see a lot of love today. That is, oil and iron ore stocks.  Gold...

Given the pullback overseas, the Aussie market is likely to see a pull back, but the futures are suggesting a flat open at this stage.    What to watch today:   Airlines, travel and tourism stocks are expected to retreat from their buoyed levels. But keep in mind, Australia is in a different situation to overseas. Plus our government is offering half price airlines to some Aussie regions. This sup...

Overnight US tech stocks marched forward with the Nasdaq gaining 1.2% while the broader S&P500 followed up 0.7%. Meanwhile, the benchmark 10-year bond yield fell back to 1.695%. Banks continued to fall off their recent highs, after the Fed decided banks should be holding more capital now.   What to watch today: Today is the one year anniversary of the COVID-19 bottom. Since then the market has...

The Aussie market is expected to have a soggy start the week, with the futures down 0.2%.    In the US, Tech stocks came back in favour while blue chip stocks were sold down. Investors took profits from banks following the US Central Bank deciding not to extend a leverage ratio for banks.    What to watch today   A quiet week economically: manufacturing data and services sector data out for March...

 More positive economic recovery news hit the headlines this week, as 90,000 Australians gained jobs, and interest rates were pledged to keep at their record low. But, with China moving towards a greener future, positive news wasn't flowing to the mining sector... In this week’s wrap, Jessica covers: (0:10) The economic pickup: employment back at pre-COVID levels (1:10) The Mining sector pull...

US Economic recovery stocks fell off their all-time high podium overnight as Bond yields spiked again. The US 10 year bond hit a yield of 1.7%, while the 30-year bond rate topped 2.5%. Bonds now offer a better yield than the average US Tech stocks, which pay an average 1.5% yield.     This is why we’ve seen the rotation out of US an Aussie tech stocks, and into companies with stronger balance shee...

The world breathed a huge sigh of relief overnight as the US Fed announced it won’t be hiking interest rates until at least 2023. So there was a flood of confidence and investors returned to economic comeback kids. What to watch today:   The market is expected to trade 0.2% lower today - ahead of release of employment data.  Unemployment data is out at 11:30am. The rate is tipped to have dropped t...

US stocks treaded water overnight, with trading cautious ahead of the US Central bank’s decision on interest rates. Although US rates are expected to remain on hold at 0.25%, the world is awaiting to see what the Fed will say about inflationary concerns, which have been pushing up safe haven bonds, to a year high.    What to watch today Yesterday the local share market gained 0.8%, with most secto...

The futures are hinting that the Aussie market will rise 0.4% at the open. All eyes will be on travel and tourism stocks, with bookings on rise ahead of Easter, while also being supported by the governments incentive. What to watch today   Expect some caution as AstraZeneca’s vaccine was paused for use in France, Germany, Ireland and the Netherlands over blood clot concerns. This is important to w...

The futures are suggesting a flat start to the week – as Australian bond yields rose back to two-year highs again. So this week, we’ll likely see companies with higher debt like tech stocks sold down, and investors continuing to back banks, and airlines.    What to watch today: RBA Governor’s speech  New home sales data out at 11:30am. That will keep building companies on the pulse – like CSR (ASX...

With business confidence at an 11-year high and consumer confidence tailing on a similar trajectory, it's safe to say the economic recovery is in full swing. However, with technical bearish signals now rearing their head, could it be short lived?     In this week’s wrap, Jessica covers: (0:21) Consumer confidence just shy of its 10-year peak (1:00) Tech stocks taking a hit: Zip (ASX:Z1P) down...

The futures are suggesting the market will end the week on a positive note, up 0.5%, with the AUD continuing to rise against the greenback. US stocks climbed to record highs on Thursday as the comeback in tech shares resumed, while the signing of the $1.9 billion-dollar COVID-19 stimulus deal gave sentiment a further boost.  In other news, Johnson & Johnson’s one dose COVID-19 vaccine has been...

The futures are suggesting the market will open 0.5% higher – with the focus on travel stocks and banks.  What to watch today: Travel and tourism stocks will be in focus as the Federal Government will pay half price airfares for 800,000 Aussie visiting 13 regional areas from April 1 to July 31.  Keep an eye on travel stocks in bullish short breakouts like Webjet (ASX:WEB), Flight Centre (ASX:FLT),...

The broad market is expected to rise 0.4% with tech stocks in focus.  This comes as the tables were turned last night – with investors smashing the ‘risk-on’ switch. This saw the Nasdaq lift 3.6%, its best gain in 4-months, while the broader S&P500 rose 1.4%  What to watch today:   Yesterday, we saw the markets shorter-term 15-day average fall under the 30-day average. This is a bearish signal...

The Aussie share market is expected to lift 0.7% if the futures are correct with the focus to be on commodity and cyclicals stocks.   What to watch today:  DDH1 (ASX:DDH) is expected to float on the ASX today at 1pm, the second biggest IPO this year. Lithium major and UBS buy, Galaxy Resources (ASX:GXY) are set to bounce after releasing its Preliminary Economic Assessment for its Quebec project in...

The Aussie share market is likely to lift 1.6% or 107 points, after US stocks sharply rebounded at the weekend. Keep in mind volume could be a bit lighter today as Victoria celebrates a public holiday.  What to watch today   Oil and industrial stocks will likely charge following sentiment on Wall Street. Keep an eye on Oil Search (ASX:OSH) & Santos (ASX:STO).  Expect locally listed BHP (ASX:BH...

The Aussie share market lifted 1.3% (Mon-Thu) breaking its two-week losing streak. With a record trade surplus announced, and unparalleled economic growth... it seems the economic pandemonium created by the pandemic is history. However, with prices and interest rates now rising, where do you invest now?    In this week’s wrap, Jessica covers: (0:30) Financials outperforming, up 5% with Commonwealt...

The broad Aussie market is expected to retreat 0.3% or 17 points  –after gaining 1.3% this week.     What to watch today:  Keep an eye on BHP (ASX:BHP) and Rio Tinto (ASX:RIP) – both stocks are in short term breakouts and growing their earnings, which is supported by the commodity rally.  The Iron ore price rose 0.5% overnight to US$175, hot on the heels of a 10-year high, and it’s likely to move...