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Timothy Moore

Yesterday

“To me, the biggest takeaway this week is that the S&P 500 continues to drift higher, as the ‘most-hated V-shaped rally’ continues to strengthen,” Fundstrat Global’s head of equity strategy Tom Lee said.

S&P 500 posts fifth straight record closing high

US equities continue a relentless grind higher with some broadening out from tech, although the magnificent seven continue to tighten their overall grip.

This Month

Shares were modestly lower in Friday trading in New York.

S&P 500, Nasdaq rallies run out of steam

US shares ended the final trading session of the week in New York little changed. More than 1400 companies including Tesla will report results next week.

Have markets raced too high too fast? Not according to Goldman Sachs’ David Kostin.

Earnings, not valuations, are key hurdle for US equities: Goldman

Corporate America’s June quarter reporting season begins in earnest this week and Goldman Sachs’ strategists says results are key to US equities.

Mark Newton, head of technical strategy at Fundstrat Global, said: “It’s right to trust this US equity rally until evidence of Nvidia peaking occurs, given its weight within the benchmark indices, and that still appears premature”.

S&P 500 snaps record-breaking rally paced by megacap techs

The final trading day of the week showed some exhaustion on Wall Street after Trump made clear he’s determined to move forward with higher tariffs for all.

The sharemarket is set to open higher.

ASX flat; rare earths miners soar

Shares seesaw; Johns Lyng rockets 22pc on $1b takeover; Morgans Financial upgrades CSL to “buy”; Soul Patts taps Vik Bansal. Follow live.

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The sharemarket is set to open higher.

ASX rises; property stocks, miners rebound

Shares rally; Trump announces copper tariff to commence August 1; Telix falls back; Platinum rockets 15pc. Follow live.

The local currency rallied after the RBA unexpectedly held its key rate steady on Tuesday.

ASX falls; copper stocks sink; Telix fires

Shares drop; Orica taps Vik Bansal; Lifestyle Communities plunges; RBNZ hold rates; Bega shuts down loss-making peanut processor. Follow live.

The RBA meets on Tuesday.

ASX flat after RBA’s shock rate hold; CBA snaps losing streak

Shares seesaw; RBA board votes 6-3 to hold rates; $A and bond yields spike. Follow live.

Trump this week warned that he’s ready to impose tariffs ranging from 10 per cent to 70 per cent.

US stock futures fall as tariff decision day approaches

The S&P 500 is poised to slide 0.6 per cent to start next week, snapping a run of record closing highs, ahead of Donald Trump’s self-imposed July 9 deadline.

The sharemarket is set to open higher.

ASX closes above 8600 for first time; CBA extends sell-off

Shares gain; Silk Logistics rockets; ARB shares jump after Citi upgrades to ‘buy’; Santos signs LNG contract with QatarEnergy. Follow live.

Local shares are poised to open lower.

ASX finishes flat as BHP rally offsets CBA hit

Shares seesaw; GemLife rises on debut; Japanese giants buy into Gold Hydrogen; Domino’s billionaire chairman to hold investor call. Follow live.

Australian shares are set to open higher.

ASX resets record high as miners, property rally

Shares gained; lower than expected retail growth ‘locks in’ July rate cut; Qantas falls; Domino’s plunges; Pexa CFO steps down. Follow live.

Australian shares are set to open modestly lower.

ASX dips; HMC dives 17pc, SGH drops after Boral boss steps down

Shares close lower; Insignia Financial jumps; DroneShield extends rally; Gamuda inks renewables deal with Tassie landowners. Follow live.

June

The S&P 500 is on track to close at a record high.

S&P 500 closes at record high after $15 trillion rally

The benchmark US Index finished a volatile session at a record closing high as investors looked past the US president renewing his trade war with Canada.

The sharemarket is set to open higher.

ASX wipes gains as CBA retreats; miners rally

Shares swing lower; two key execs exit Grok Ventures; Unibail to delist from ASX; IGO shakes up board; Breville climbs on rating upgrade. Follow live.

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Universal Store co-founder found dead at Brisbane house party

A teenage boy has been charged with murder after a 58-year-old was allegedly stabbed to death; Anthony Albanese says defence spending has been “lifted”. How the day unfolded.

Australian shares are set to open lower on Thursday.

ASX dips; lithium stocks rally as Vanguard buys PLS stake

Shares slide; Xero drops; energy regulator in rare U-turn over APA’s Basslink power cable; Cue Clothing CEO joins Myer. Follow live.

Supreme Leader Ayatollah Ali Khamenei.

Supreme leader’s silence unnerves his backers in Iran

Ayatollah Ali Khamenei has not been seen publicly or heard from in nearly a week; Donald Trump signals US may ease Iran oil sanctions. How the day unfolded.

Trump faces a NATO alliance further shaped to his liking

The US president will meet with NATO members rattled by his comments casting doubt on the US commitment to its mutual defence guarantees. How the day unfolded.

The sharemarket is set to open higher.

ASX rallies as CBA cracks record; Greatland Gold jumps on debut

The sharemarket rose 1pc on ceasefire hopes; Woodside falls with plunge in oil; Collins Foods soars; Rio Tinto and Hancock invest $2.4b in iron ore mine. Follow live.

Original URL: https://www.afr.com/by/timothy-moore-h0iscf