Business

After a strong rebound from the March lows the local index is slowly giving back some ground. The longer-term chart of the All Ordinaries index shows periods of big increases and the current slow and steady move up. At different times in the past the local index has outperformed the US markets, usually in periods of high commodity demand. The US tech index the Nasdaq generally moves up at a faster pace than the local index. Sometimes the faster the climb the faster the fall. The price of gold along with most commodities has both up and down cycles. A […]

The local market was up strongly from the low these past couple of weeks and could be due a breather. The last four days have been hovering around the 9000 level with projected higher inflation and still no concrete Iranian war solution weighing on investor minds. The SPY S@P 500 ETF has had a ten per cent hiccup and recovery with the big up trend still intact. Corporate insider buying of US technology stocks is very high and may have given investors more confidence to buy. Internet source. The so called magnificent seven US stocks ETF MAGS is up strongly […]