It was certainly nice to go a week without a high profile bank failing. Just the tonic we need.
Cynicism aside, markets continue to look for signals to help gauge where the likely next direction will be. We really shouldn’t worry about that too much, just act when you need to.
Few things first.
The recording of the recent Quality webinar (Quality as in the Rank - we will leave the critique of our performance to you) is available here . Remember in future, when there is a webinar, even if you can’t attend the live event be sure to book you place and that way we will send you a recording that same day.
Now that the market here in Australian has experienced a mild come back surely there is going to be a little value out there. It's time to argue your case in the Village Square. Remember this is available on the principle that sharing is caring and if you feel there is an opportunity staring us in the face - then tell us! Go to this article and enter your stock in the comments section. A new Village Square will open in April. But can we afford to wait that long?
The agenda for today’s report is:
Broader market sentiment
Stocks of Interest
52 week high screen
JUST A REMINDER: I do not use the market charts to make decisions as to when to buy or sell. I will always use a stock’s individual chart to do that. However, I do look at the market charts to get a sense as to how aggressive/cautious I can be when trading/investing individual stocks.
Broader Market Sentiment
Europe
Just a quick word on Europe which has become part of the epicenter of the events of recent times. The relatively quiet week put the focus back on inflation as the UK last Wednesday (Thursday AM our time) said that inflation hit 10.4%, breaking a streak of three recent declines. This outcome meant a further 25 basis point rise to 4.25% by the Bank of England was inevitable. Far from the concerns of the finance sector, in the real world things are hot and regulators desperately need to cool things off.
Concerns over there are not over yet…
