Australian Shares

Asian share markets have rebounded into the final session of the trading week with mostly positive sessions across the region as traders seemingly giving up trying to decipher where the battle lines are being drawn in the ongoing trade wars started by Orangus Maximus in the Oval Office.

The Market Ear technicals still say buy!

Wall Street tumbled further overnight as the Fat Fuhrer again showed his exemplary trade making deals with a blustery response to the EU counter tariff schemes, all the while insulting the Irish PM to his face and giving short sellers a great opportunity to dump tech stocks.

Asian share markets are somewhat mixed yet again traders try to decipher where the battle lines are being drawn in the ongoing trade wars started by the increasingly isolated USA.

The Market Ear gives us smashed stocks.

Asian share markets are somewhat mixed again as Diaper Don swings away again with tariff threats and retreats as this engineered recession and market correction gathers pace, this time hitting Australia with steel and aluminium tariffs – for no reason whatsoever.

The Market is giving us every reason to buy.

Wall Street continues to feel the heat coming out of the “Art of the Deal” from the White House as the trade spat with Canada continued overnight pulling European stocks down and keeping other risk assets at high volatility levels not seen for over a year.

The Market Ear on the roaring bear.

It’s risk off across stock markets as Trump goes all Lord Farquaad aka Paul Keating admitting a US recession is all but coming due to his tariffs taunts with Wall Street falling more than 2% across the board with the NASDAQ falling 4% in one session!

Goldman is unusually bearish.

Friday night saw the release of the latest US unemployment aka non-farm payroll figures and while they underperformed they came in as expected, giving a relief valve to Wall Street which managed a meagre rally to end the trading week still at a new low.

The Market Ear on the dead cat.

Oversold. Definitely. The Market Ear. Huge SPX is trading below range lows as of writing. Note we are below the 200 day moving average (SPX continuous futures), and the 50 day is about to cross the 100 day (inverse cross compared to December 2023).

Wall Street crumbled again overnight as the realisation has set in that the Don in the Oval Office is hell bent on upending the global trade order, as Canada hit back with their own tariffs.

Asian share markets are reeling again as King Trump goes full swagger with his tariff threats, shooting the US consumer in both feet with confirmed tariffs on Canada, Mexico and China.

Gerard Minack stating the obvious with his usual savoir-faire.

Wall Street crumbled overnight as the realisation has set in that the Don in the Oval Office is hell bent on creating a recession in the US with the slew of tariffs that are now going to go ahead against almost every single major trading partner.

Asian share markets are seeing generally positive results across the board but have been overshadowed by the spike in cryptocurrencies on the latest Trump spewing of verbal diarrhea that continues to evaporate confidence in the USD.

A very busy end of month session on Friday night saw a drop in US consumer spending but Wall Street played the short covering game while Chinese volatility spiked earlier in the session, causing European shares to make no advances.

Asian share markets are slumping across the board as confidence evaporates from risk markets due to continued selloffs on Wall Street as bond markets rally in fear of US recessions and the new global trade war.

The latest US initial jobless claims number spiked overnight and combined with more senseless tariff threats from Trump including doubling down on China saw volatility hit Wall Street hard as all the post election gains were wiped out, taking European stocks lower as well.

The Market Ear with more.

Asian share markets are doing slightly better on the back of somewhat mixed sessions on Wall Street and in Europe overnight, absorbing the post close NVIDIA earnings and the new tariff announcements on Europe by the Orange Mussolini.