Hey Superheroes, What a rollercoaster of a week it’s been! Despite strong earnings on Wall Street, global markets have continued to be in the red. The Nasdaq is now in correction territory while the S&P 500 is on the verge of it. A market is in correction when it’s at least 10% off its peak. […]
Hey Superheroes, Global markets have been keeping us on our toes haven’t they? Starting this week off in the green, investors later turned pessimistic as geopolitical tensions continued and U.S. 10-year bond yields reached a 15-year high. Rising bond yields generally signal that investors believe there are more rate hikes to come. Either way, this […]
Hey Superheroes, The week began with markets finally seeing green, but sentiment soured towards the weekend as U.S. inflation remained a touch too high. Well – it’s either that or because it’s Friday the 13th today. 👻 Aside from the U.S. quarterly earnings season kicking off, here are this week’s top stories. Atlassian acquires Loom […]
Hey Superheroes, Happy October! Can you believe that we’re in the last quarter of 2023? The month began with both the ASX 200 and AUD/USD exchange rate hitting an 11-month low. But it looks like our Superheroes are standing their ground (or soaring through the skies 🦸). There’s been some heavy buying activity for VAS […]
Hey Superheroes, Following last week’s sea of red, global markets continued their downward trend before finally offering some slight reprieve late this week. We’ve noticed increased buying activity from our Superheroes amidst the recent volatility. 👀 Here’s some of this week’s hot topics. Amazon just got sued for being too powerful Or rather, being […]
Hey Superheroes, What a heavy week it’s been! Global markets experienced a broad sell-off with both the ASX 200 and S&P 500 currently at 10-week lows. Qantas’s ex-CEO Alan Joyce is not having the best time either. Almost half of his $21.4 million final pay packet is at risk of being revoked thanks to all […]
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, We’re cruising through the August full-year reporting season—just over halftime already. So far, retailers’ profits have taken a hit (except for Wesfarmers’), and China’s economic concerns are having a ripple effect. Thankfully, some fire results from Nvidia in the U.S. gave our sharemarket a serious mid-week pep talk. Nvidia’s hot chips crush expectations […]
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 […]