For those who like detailed charts
Most Australian labour market indicators show that the labour market is still tight, but it’s become less so - particularly for leading jobs indicators like job ads and NAB survey hiring plans.
Which is why the RBA needs to be careful here.
Most Australian labour market indicators show that the labour market is still tight, but it’s become less so - particularly for leading jobs indicators like job ads and NAB survey hiring plans.
Which is why the RBA needs to be careful here.
Health Care (+0.74%) was the best performing sector today, likely in response to gains in its largest constituent, CSL ( $CSL Ltd(CSL.AU$ ) (+0.76%). I’ve featured CSL in my ChartWatch Daily Scans uptrends list several times over the last couple of weeks. I think it looks even more the picture of demand-side control after today’s candle.
3
ATo this measly refund😕
Main drivers: Housing +5.2%, transport +4.9%, energy +6.5%, and alcohol/tobacco +6.7%, and food +3.3%
Housing: Will increasing interest rates drop the price of rents? Unlikely, more likely to drive rent increases through increased owner costs.
Transport: Driven mostly by the costs of fuel, largely uncontrollable. Will increasing rates reduce the rate these costs increase? Unlikely.
Energy: Driven by global markets. Will increasing rates reduce the rate of increase in these costs? Unlikely.
Alcoh...
Housing: Will increasing interest rates drop the price of rents? Unlikely, more likely to drive rent increases through increased owner costs.
Transport: Driven mostly by the costs of fuel, largely uncontrollable. Will increasing rates reduce the rate these costs increase? Unlikely.
Energy: Driven by global markets. Will increasing rates reduce the rate of increase in these costs? Unlikely.
Alcoh...
2
Global passive funds love US and Aussie markets because it's easy to pick a big cap and move the market. $BHP was the play till Iron Ore rolled over and $CBA has taken over in the past week. Market in blue and CBA in red. When the tide leaves, boats go down. It may be nothing! 🤔
$CommBank(CBA.AU$ $BHP Group Ltd(BHP.AU$
$CommBank(CBA.AU$ $BHP Group Ltd(BHP.AU$
$Rio Tinto Ltd(RIO.AU$ $BHP Group Ltd(BHP.AU$ Bhp is actually low key a big uranium producer too. But really these two companies produce multiple crucial materials in the largest quantities required for the world to function and grow. Their diversified portfolios are cyclical, but provide alot of risk mitigation also. For copper specifically you have more options, but I still like both of these alot just for copper.
3.75% PAY RISE
AFTER A 3.5% INFLATION RATE
IT WILL THEN BE A 35 PAYRISE NEXT TIME
ALL TO CHASE INFLATION
ROUND N ROUND WE GO
WHERE IT STOPS
NOBODY KNOWS
ITS JUST PUSHING UP INTEREST RATES AND INFLATION
AFTER A 3.5% INFLATION RATE
IT WILL THEN BE A 35 PAYRISE NEXT TIME
ALL TO CHASE INFLATION
ROUND N ROUND WE GO
WHERE IT STOPS
NOBODY KNOWS
ITS JUST PUSHING UP INTEREST RATES AND INFLATION
3
Artificial intelligence company Appen in ASX why it dropped? Do you think there will be a future for this company? $Appen Ltd(APX.AU$
1
2
Santos ( $Santos Ltd(STO.AU$ ) shares continue to chop around forming a long base…..There is an old saying in technical analysis; ‘the longer the base, the higher the space’, which basically means the move to the upside when the basing formation is completed should be a big one. STO is a BUY from both a fundamental and technical perspective (doesn’t mean it is a guarantee though! hahaha).
4
1
Nine Entertainment ( $Nine Entertainment Co. Holdings Ltd(NEC.AU$ ) shares which are down 50% since 2022 might look cheap on paper but I think it’s a value trap. Covid woke millions of Aussies up to the propaganda that these news companies push and so are switching off in droves…..Remember when NEC got their useful idiots to push the experimental vaccines for the government and big pharma? You’d be hard pressed to find a more unethical company on the ASX than this one. Maintain AVOID
3
![[empty]](https://static.moomoo.com/node_futunn_nnq/assets/images/folder.5c37692712.png)
![[error]](https://static.moomoo.com/node_futunn_nnq/assets/images/no-network.991ae8055c.png)
![[loading]](data:image/svg+xml;base64,PHN2ZyB3aWR0aD0iMjYiIGhlaWdodD0iMjYiIHZpZXdCb3g9IjAgMCAyNiAyNiIgZmlsbD0ibm9uZSIgeG1sbnM9Imh0dHA6Ly93d3cudzMub3JnLzIwMDAvc3ZnIj4KPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik0xMi45OTk5IDAuMzI1NDM5QzYuMDQxMTEgMC4zMjU0MzkgMC4zOTk5MDIgNS45NjY2NSAwLjM5OTkwMiAxMi45MjU0QzAuMzk5OTAyIDE5Ljg4NDIgNi4wNDExMSAyNS41MjU0IDEyLjk5OTkgMjUuNTI1NFYyMi43MjU0QzcuNTg3NTEgMjIuNzI1NCAzLjE5OTkgMTguMzM3OCAzLjE5OTkgMTIuOTI1NEMzLjE5OTkgNy41MTMwNSA3LjU4NzUxIDMuMTI1NDQgMTIuOTk5OSAzLjEyNTQ0VjAuMzI1NDM5WiIgZmlsbD0idXJsKCNwYWludDBfbGluZWFyXzIyMDBfNDg2NikiLz4KPHBhdGggZmlsbC1ydWxlPSJldmVub2RkIiBjbGlwLXJ1bGU9ImV2ZW5vZGQiIGQ9Ik0xMyAyNS41MjU0QzE5Ljk1ODggMjUuNTI1NCAyNS42IDE5Ljg4NDIgMjUuNiAxMi45MjU0QzI1LjYgNS45NjY2NSAxOS45NTg4IDAuMzI1NDQgMTMgMC4zMjU0MzlWMy4xMjU0NEMxOC40MTI0IDMuMTI1NDQgMjIuOCA3LjUxMzA1IDIyLjggMTIuOTI1NEMyMi44IDE4LjMzNzggMTguNDEyNCAyMi43MjU0IDEzIDIyLjcyNTRWMjUuNTI1NFoiIGZpbGw9InVybCgjcGFpbnQxX2xpbmVhcl8yMjAwXzQ4NjYpIi8+CjxjaXJjbGUgY3g9IjEzLjAwMDEiIGN5PSIyNC4xMjUzIiByPSIxLjQiIGZpbGw9InVybCgjcGFpbnQyX2xpbmVhcl8yMjAwXzQ4NjYpIi8+CjxkZWZzPgo8bGluZWFyR3JhZGllbnQgaWQ9InBhaW50MF9saW5lYXJfMjIwMF80ODY2IiB4MT0iNy4zOTk5IiB5MT0iMjUuNTI1NCIgeDI9IjcuMzk5OSIgeTI9IjIuNDI1NDQiIGdyYWRpZW50VW5pdHM9InVzZXJTcGFjZU9uVXNlIj4KPHN0b3Agc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwIi8+CjxzdG9wIG9mZnNldD0iMSIgc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwLjUiLz4KPC9saW5lYXJHcmFkaWVudD4KPGxpbmVhckdyYWRpZW50IGlkPSJwYWludDFfbGluZWFyXzIyMDBfNDg2NiIgeDE9IjIwIiB5MT0iMjUuNTI1NCIgeDI9IjIwIiB5Mj0iMi40MjU0NCIgZ3JhZGllbnRVbml0cz0idXNlclNwYWNlT25Vc2UiPgo8c3RvcCBzdG9wLWNvbG9yPSIjN0E3QTdBIi8+CjxzdG9wIG9mZnNldD0iMSIgc3RvcC1jb2xvcj0iIzdBN0E3QSIgc3RvcC1vcGFjaXR5PSIwLjUiLz4KPC9saW5lYXJHcmFkaWVudD4KPGxpbmVhckdyYWRpZW50IGlkPSJwYWludDJfbGluZWFyXzIyMDBfNDg2NiIgeDE9IjEzLjAwMDEiIHkxPSIyNC4xMjUzIiB4Mj0iMTQuNDAwMSIgeTI9IjI0LjEyNTMiIGdyYWRpZW50VW5pdHM9InVzZXJTcGFjZU9uVXNlIj4KPHN0b3Agc3RvcC1jb2xvcj0iIzdBN0E3QSIvPgo8c3RvcCBvZmZzZXQ9IjEiIHN0b3AtY29sb3I9IiM3QTdBN0EiIHN0b3Atb3BhY2l0eT0iMCIvPgo8L2xpbmVhckdyYWRpZW50Pgo8L2RlZnM+Cjwvc3ZnPgo=)