Member Info for JohnLewis79

Traders in US stocks expect a 25 bp rate cut in Dec due to fears the labour market could pose a bigger threat than higher inflation to the health of the US economy after dovish comments by NY Fed President John Williams.

Markets in Asia took heart from gains in NY on Friday and hope the Fed will lower rates at its next meeting. Most of the regions stock mrkts are off to a good start to wk 48. This year only the KLCI is down (1•6%) this year.

Markets in Japan are closed for Labour Thanksgiving Day after falling c.1200 points on on Friday. Elsewhere HK is up 470 at mid session but Shanghai trades a few points lower towards the close. Others in Pan Pacifica follow HK's lead with the JSX standing out up over 90. Djakarta is one of the regions better performers ahead 20% this year.

In Sydney the ASX200 closed up 109 at 8525 led by gains in gold miners and techs. The ASX200 is up c.4•5% this year with inflation running at an annual 3•2%. Headlining the news mining giant BHP Group has abandoned plans for a takeover of UK listed Anglo American. Their previous $50bn offer was rejected last year. Among the second liners shares in Monash IVF soared 37% after rejecting an unsolicited 80c per share takeover proposal from a consortium led by Genesis Capital.

Latest :- Vix 23. Brent $62.

Gold $4054. Copper $5•013.

Palm $978. Silver $49•675.

$1•310. €1•137. 10ytb 4•07%

FF +47. DF +86.

Morning all.

Nyse data

Issues 2845

Advances 2237

Declines 548

U/c 60

NH 39

NL 100

T/vol(tn) 1•5

-------------

DJ +493 (46,245)

SP +64 (6603)

NS +185 (24,240)

R2 +43 (1408)

WTI $58

10ytb 4•068%

----------

MSCI(W) +25 (4243)

Gold Bugs +5 (594)

---------------

Close :- Vix 23. Brent $62.

Gold $4064. Copper $4•996.

Palm $972. Silver $49•665.

Yen 157. Yuan 7•11

$1•310. €1•138

FF +45. DF +29.

Morning all.

At this rate yes!!!

Are they playing a Test Match or a 40 over knockabout? Get a grip ffs!

Oh yes, sat in armchair listening to our poor start! Get 3 or more wickets by close we'd be back in it especially if Smith gets himself out. Fingers crossed!

Stock losses were broadly based as 10/11 S&P sectors retreated on the day. The Dow closed down 387 despite Nvidia's strong results and the Nsdq gave up early gains to finish 586 points lower. For the first time in living memory 2 of the S&P500 sectors languish at the bottom of the indexes in terms of sector performance hinting US households are cutting back on spending faster than first thought.

Investors still fret over lofty valuations of Ai companies and their huge spending plans and fear Ai will dampened demand for workers over the long term. For instance Verizon the telecoms giant said its cutting 13,000 jobs in the low-hire, low-fire jobs market.

A mixed jobs report said (119,000) jobs were added though unemployment ticked up to 4•3%. This was a far cry from last September's 240,000 job hirings and could cause the Fed to delay the expected Dec rate cut.

On the Dows big board 8/30 posted gains led by Walmart ($107), Travellers & P&G. Going down Cisco & Boeing. Surprisingly Nividia fell $6 to $180 prompting large scale selling among Asian chip makers. Sector wide losses hit Softbank falling 10% in Tokyo trading, ending a bad day for tech investors as traders banked hard won gains.

Even gold slipped back despite UBS raising their 2026 forecast to $4926 on US Govt debt, geo political tensions and over valued stock worries. Profit taking has taken $40 off the POG this morning.

Nyse data

Issues 2846

Advances 631

Declines 2162

U/c 53

NH 44

NL 160

T/vol(tn) 1•3

------------

DJ -387 (45,752)

SP -103 (6539)

NS -586 (24,054)

R2 -24 (1365)

WTI $59

10ytb 4•092%

----------

MSCI(W) -47 (4217)

Gold Bugs -33 (590)

----------------

Latest :- Vix 26. Brent $63.

Gold $4039. Copper $4•934.

Palm $992. Silver $49•370.

$1•309. €1•134.

FF -90. DF +190.

Morning all.

MSi is sending our MSI-DS Terrahawk-Paladin air defence system as part of a support system to Ukraine in their on'going war against Russian drone attacks. The system is effective against drones which have been pounding cities and is a top priority.

The Terrahawk is a short range deterrent mounted on a portable platform for ease of use and can be remotely operated by a team of two.

No other details were available other than the package is worth c. £100m.

99% of trades this morning at 08:01:35 is unknown. What is going on?

Nvidia reported 3Q earnings that topped Wall Street's expectations and provided stronger than hoped for guidance for Q4. CEO Jason Huang said sales for the current generation GPU called Blackwell are "off the charts." Nvidia expect c.$65bn in sales in the current quarter & $1•43 in eps. Shares gained $15 to close at a new $198 high as investors decided the Ai picture was still intact and talk of 'bubbles' was premature.

The rest of the market was dull by comparison coming off big falls on Tuesday and had closed before Nvidia reported. The Dow had a very volatile session which saw the Dow range from a 45,906 low to a 46,300 high. Gainers and losers were evenly split. Heading the up board Nvidia, S. Williams & Cisco. Going down Walt Disney, Boeing & Salesforce.

On UK mrkts the ftse 100 failed to hit the magic 10,000 number but analysts are confident the 100 will pass 10,000 by years end. The ftse launched Jan 3 1984 at 1000 points.

News from 'Trumpland' the President urged Treasury Secretary Bessent to 'work on' Powell to lower rates or else "im gonna fire his ass." Pointing at Bessent "your job is on the line, get it done." He said Commerce Sec was up for dumping Powell and reckoned he would say "get him the he'll out."

Nyse data

Issues 2840

Advances 1055

Declines 1711

U/c 74

NH 33

NL 141

T/vol(tn) 1•1

------------

DJ +47 (46,139)

SP +25 (6642)

NS +137 (24,641)

R2 -2 (1389)

WTI $60

10ytb 4•144%

----------

MSCI(W) +6 (4264)

Gold Bugs +8 (623)

---------------

Latest :- Vix 24. Brent $64.

Gold $4070. Copper $5•034.

Palm $1007. Silver $50•950.

$1•306. €1•134.

FF +60. DF +286.

Morning all.

23/38 early trades this morning were cat 0 unknown trades. If it's unknown why bother to report them?

Excellent set of nos in an unloved sector. Jet2 continues to outperform despite prices increasing on a daily basis for UK consumers. Are we becoming recession proof?

It's been a bad day for most stocks the 100 fell 123 to just above the days low and the Dow was on course for a 500 points tanking. Some say it's a healthy correction for the market that has got ahead of itself on the back of Ai 'over exuberance'. Notably on the UK ftse 250 Ocado slumped 22% to 170 after US grocery client Kroger shut down 3 warehouses relying on their technology. Ocado is jointly owned 50:50 with M&S.

In the US Nvidia fell to $180 on profit taking and worries their 3Q nos won't come up to scratch when they report tomorrow. The shares have had a stellar year becoming the most valuable global company valued at c. $4•483tn and continue to be a private investors favourite 'go-to' stock. This month the stock is off nearly 9%. Other chipmakers Intel, Micron & Quaalcom also fell back in sympathy.

While Nvidia slips Amazon ($222) undertook its first bond sale in 3 years and Home Depot fell $22 to $338 saying they made less profit during the summer and cut its full year earnings outlook. Economic uncertainty and a cooling hosing mrkt are not helping large retailers who rely on discretionary spend to keep the tills ticking over. In the sector Target, Walmart, Lowe's and Gap are also set to report Q results this week.

Looming over mtkts is the release of the delayed US employment data which could delay any rate cut, for if a strong jobs report on Thursday would likely stay the Feds hand on rate cuts, any weak figures would raise worries about the economy. Damned if you do.......

On the big board stocks rallied in the afternoon as bottom fishers piled back into oversold stocks pulling the Dow off a double bottom low of 45,914. Heading the recovery Merck, Travellers and GS led the Dows 14 risers while Nvidia, Amazon, Msoft & IBM propped up the fallers. At the close the Dow resumed its spiral off nearly 500. Dow futures call the mrkt down another 60 at open today making it among the worst major performers this year with Sydney, KL & London's Aim market.

Nyse data.

Issues 2835

Advances 1464

Declines 1267

U/c 104

NH 38

NL 170

T/vol(tn) 1•2

-------------

DJ -498 (46,092)

SP -55 (6617)

NS -297 (24,503)

R2 -1 (1391)

WTI $61

10ytb 4•120%

----------

MSCI(W) -48 (4258)

Gold Bugs +7 (615)

---------------

Latest :- Vix 25. Brent $65.

Gold $4094. Copper $4•974.

Palm $1003. Silver $50•930.

$1•314. €1•134.

FF +11. DF -18.

Morning all.

Wall St moved lower over the course of the day falling to their lowest level in a month and trading below their 50DMA. Stocks climbed off day's low (46,430) going into the close. On the big board only 3 stocks posted gains led by J&J, Amgen & Walmart. Amex $341 fell $15 to lead the losers followed by IBM & Salesforce. Results this week from Walmart, Home Depot and Target will end this quarters reporting season. Investors alsowait for the latest Sept jobs report due for release on Thursday.

Nvidia's 3Q nos are eagerly awaited, due out after the bell on Wed where analysts project revs of $55bn and eps of $1•23. Shares fell $5 to $185 ahead of the nos. The stock is up 35% this year. Nvidia's growth rate is considered a key indicator of the global demand for Ai. Investors were given a fright late on when it emerged that tech billionaire Peter Thiel's hedge fund had off loaded its entire Nvidia holding valued at $100bn.

Among the days main movers Alphabet rose $6 to $283 after Berkshire Hathaway revealed a $4•3bn stake while also reducing its holding in Apple to 238m shares in Q3. BH has been a steady seller of Apple having dumped 75% of its 900m holding. Fears of a tech 'bubble' forming has prompted nervousness in the sector.

DJ -557 (46,590)

SP -62 (6672)

NS -208 (24,806)

R2 -31 (1392)

WTI $59

10ytb 4•118%

----------

MSCI(W) -38 (4305)

Gold Bugs -7 (608)

---------------

Latest :- Vix 22. Brent $64.

Gold $4009. Copper $4•952.

Palm $991. Silver $49•435.

$1•316. €1•135

FF -115. DF -227.

Morning all.

Has MSi found a buyer for the Petrol stations etc which might explain the share rise this morning?

A mixed open to wk 47 in Asia prompted by falls on US mrkts on Friday once again surfaced over lofty valuations of equities. Hopes for another 25bp rate cut have slumped to 46% from 67% a week ago.

In Sydney the ASX200 is currently down 25 after sharp falls on Friday. Major miners have taken the mrkt lower while Oils & golds are better. Of note among second liners shares of Iperionix tumbled 12% amid short selling after a damming report by Spruce Point Management challenged the companies valuation and TPG Telecom shares are suspended as its in the middle of a major capital liquidity reset. The ASX200 rallied from a 8589 low to close up 2 at 8636 and 6% ahead this year.

Over in Tokyo the 225 is off 110 extending losses in the previous session led by autos & exporters. The benchmark Nikkei ended the am session down 365. Mrkt heavyweight Softbank is up 4% & Fast Retailing surges 5% but Honda & Toyota are down c.3%. Banks are mixed though Mitsui Financial advances 4% and major exporters are drifting lower with 4% declines seen in Panasonic & Sony. In economic news Japan's GDP contracted O•4% in 3Q'25. At the close the 225 ended down 74 at 50,303 but 26% up ytd.

Elsewhere across Pan Pacifica no discernable trend was noted though mrkts in HK & Shanghai yet to close continue down following big falls on Friday.

Latest :- Vix 20. Brent $64.

Gold $4059. Copper $5•025.

Palm $949. Silver 50•430.

$1•314. €1•133. 10ytb 4•14%

FF -8. DF +21.

Morning all.

MSi shares ended the week with a solid gain of 105p continuing the rise of the last few months. On the 1st October the shares traded at 1320p and I certainly didn't expect to see 1640 by now.

The curve ball thrown by the company to expect lower nos and delayed results unnerved some holders despite the RNS saying "considerable growth in recent years".

But here we are up 80% ytd with several investors looking at 2000 by year end. Given our limited financial exposure (Aim, low coverage & no investment bank to boost demand) it's been a very good few years and one of my better stock pics (for a change).

Wk 46

-----

Sp 1640

1/25 910

H 1650

L 770

----------

100 +19%

250 +6%

All +17%

Aim +4%

---

Vix +14%

Gold +55%

Oil -14%

Palm -14%

----

DJ +11%

SP +14%

NS +19%

R2 +1%

--

TK +26%

HK +32%

SH +19%

SK +67%

TX +19%

AS +9%

------

Wall St ended the week on the back foot though over the week the Dow put on 52 (500 added 51) as investors looked ahead to Nvidia's Q results after the bell on Wed. To date the stock is up c.38% and was the first co to surpass a $5tn value last month. The company valued at $4•630tn carries an 8% weighting on the S&P500 and 10% on the Nsdq 100.

Other stocks in the news inc Walmart which fell to $99 on news CEO McMillon is stepping down from the world's largest retailer to be replaced by John Furner. Cidara Therapeutics shares doubled in value to $217 on news Merck was buying the company in a $9•2bn deal and Warner Bros Discovery ($23) rose 4% as it amended CEO Zaslav's employment agreement in a strategic review of the business as Paramount and Netflix are rumoured to be preparing bids.

Heading lower UH off 3% & Visa down 2% both on the big board top 30 stocks where 11/30 posted gains led by Nvidia, Msoft & Salesforce. Going down UH off $11 to $322 propped up the losers. Seven of the 11 S&P sectors declined as concerns about the labour mrkts health and inflation weighed on sentiment and news from the White House that some financial data has been permanently lost due to the Govt lock down unnerved participants. Vols on US exchanges were slightly below the usual 20•1bn daily average.

Nyse data

Issues 2843

Advances 1198

Declines 1555

U/c 90

NH 43

NL 122

T/vol(tn) 1•1

-------------

DJ -309 (47,147)

SP -3 (6734)

NS +15 (25,008)

R2 -2 (1424)

WTI $60

10ytb 4•147%

----------

MSCI(W) -14 (4344)

Gold Bugs -5 (615)

---------------

Close :- Vix 20. Brent $64.

Gold $4081. Copper $5•050.

Palm $952. Silver $50•400.

Yen 155. Yuan 7•09.

$1•317. €1•133.

FF -2. DF +25.

Morning all.

Agreed Pharmhall the stock hit 1700 earlier! Might get clarification before the close?

No smoke without fire? I'm usually a pessimist when it comes to sp rises that happen more or less out of the blue. This time it feels different. Hope my wishful thinking is confirmed though doubt the company will add to the RNS of a few days ago.

Good rise this morning on slightly better volumes continuing the rises of the last few weeks. Must herald improving nos at the H/Y given the statement the Co needs more time to prepare results given the significant growth in recent years.