Morning Notes

11/01/2019 - Argonaut Morning Note

Key News Overnight: 

The US stock rally continues; the Dow and S&P 500 were both up a further 0.5% overnight after a seesaw session;

The Fed maintaining its softer stance with regard to rate hikes no doubt helped offset angst over the government shutdown; However, retailers in the US had a bad night on weak numbers, with Macy’s dropping 18% after giving lower guidance;

Oil stabilised after its recent run, and gold dropped slightly to US$1,286/oz

 

Recent Research:

GRB, AMN, DCN, ATU, Energy, OEL, Cyclical Industrials, ANG, ASL, DCG, GNG, PEA, SXE, SRG, SWK, VMX

 

 

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Argonaut Morning Note