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ASX 200 Movers today from Market Matters
ASX 200
- Thread starter finicky
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Movers today from Market Matters:
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The weeks winners and losers via Market Matters
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thanks for the reminder ... i was going to suss out SMR before i got side-tracked
cheers
cheers
Dona Ferentes
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what do these have in common?
NXT, MP1, GMG, NXL, HMC, DGT
NXT, MP1, GMG, NXL, HMC, DGT
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Dogs of the day?
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Are they all data centre or A.I related?
Dona Ferentes
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Large caps decliners:
Mid cap decliners:
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Excerpt of Greg Canavan's view on overnight and today's rout in tech stocks. Via fat tail investment avisory:
"Do you remember what it was like in 2007?
Global property markets were finally showing signs of stress after surging for years.
In April 2007, New Century Financial Corporation, which was the largest U.S. subprime lender at the time, filed for bankruptcy.
Yet the market barely noticed. In fact, the S&P500 increased 9% from the date of bankruptcy to a mid-July high.
Then, more financial failures occurred. Bear Stearns liquidated two of its hedge funds that had significant exposure to subprime mortgages.
This got the market’s attention. It fell nearly 10% over the next month.
But the bullish sentiment was hard to shake. The market believed the housing market issues ‘were contained’. No one wanted the bull market to be over. From August to October, the S&P500 jumped over 11%...to a new all-time high.
If you relied solely on the market to inform your opinion, you would have believed the global housing bubble wasn’t a problem.
But it was. It was a very big one.
That was THE high for the market. What followed was one of the worst bear markets in a generation.
In last week’s update, I mentioned that major market tops are a process. They take time to form.
I think that is what is happening here…
Over the long weekend, you might have heard of a Chinese start-up called DeepSeek, an AI assistant to rival ChatGPT, built at a fraction of the cost.
The news sent shockwaves through the tech sector. AI darling Nvidia fell 17% overnight. The NASDAQ fell 3.2%.
No one knows whether DeepSeek is the real deal. But when valuations are at extremes, it doesn’t take much for investors and speculators to hit the sell button.
Here’s how I see it:
This is a Bear Stearns moment for the Great Tech/AI earnings bubble.
Not when Bear Stearns went bust in March 2008, but rather when it liquidated its hedge funds filled with subprime mortgages in July 2007.
It was an early warning sign. The news caused a mini panic. But the market believed the Fed would come to the rescue. And so the bull market returned and prices went to new highs.
Belief in Silicon Valley is strong. Trump and the Tech Bros are in power. DeepSeek is but a mere flesh wound in the race for US-centric AI dominance." ... continues
"Do you remember what it was like in 2007?
Global property markets were finally showing signs of stress after surging for years.
In April 2007, New Century Financial Corporation, which was the largest U.S. subprime lender at the time, filed for bankruptcy.
Yet the market barely noticed. In fact, the S&P500 increased 9% from the date of bankruptcy to a mid-July high.
Then, more financial failures occurred. Bear Stearns liquidated two of its hedge funds that had significant exposure to subprime mortgages.
This got the market’s attention. It fell nearly 10% over the next month.
But the bullish sentiment was hard to shake. The market believed the housing market issues ‘were contained’. No one wanted the bull market to be over. From August to October, the S&P500 jumped over 11%...to a new all-time high.
If you relied solely on the market to inform your opinion, you would have believed the global housing bubble wasn’t a problem.
But it was. It was a very big one.
That was THE high for the market. What followed was one of the worst bear markets in a generation.
In last week’s update, I mentioned that major market tops are a process. They take time to form.
I think that is what is happening here…
Over the long weekend, you might have heard of a Chinese start-up called DeepSeek, an AI assistant to rival ChatGPT, built at a fraction of the cost.
The news sent shockwaves through the tech sector. AI darling Nvidia fell 17% overnight. The NASDAQ fell 3.2%.
No one knows whether DeepSeek is the real deal. But when valuations are at extremes, it doesn’t take much for investors and speculators to hit the sell button.
Here’s how I see it:
This is a Bear Stearns moment for the Great Tech/AI earnings bubble.
Not when Bear Stearns went bust in March 2008, but rather when it liquidated its hedge funds filled with subprime mortgages in July 2007.
It was an early warning sign. The news caused a mini panic. But the market believed the Fed would come to the rescue. And so the bull market returned and prices went to new highs.
Belief in Silicon Valley is strong. Trump and the Tech Bros are in power. DeepSeek is but a mere flesh wound in the race for US-centric AI dominance." ... continues
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hmmm ! that must put SMR very close to where i seriously need to consider a target price
in the large caps i noticed the power/utility providers ( both are on my AVOID list ) got battered , arguably excessively
cheers ( and thanks )
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.... yes... BUT how many hedge funds have high leverage on their tech darlings
maybe there is a GameStop moment ( in reverse ) in progress currently
wild-card will be a possible margin call of US portfolios
i have trivial exposure to US stocks via two small LIC holdings BUT if the contagion hits Asia ( TSMC and Samsung for two examples )
THEN i have a flesh wound just how big i don't know .. yet
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maybe even a top-up opportunity ( or three )
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Top gainers and fallers Tuesday
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Winners and Losers today via Market Matters:
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ASX 200 movers today
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Not much to interest in the XJO movers list today
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So all good, thus bad dream is forgotten
. Until.. tomorrow?
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Blimey! I see BHP RIO FMG LTR PLS and even NEM in the GREEN
Crikey! Am I going Colour Blind?
These are not small yachts
They are the Best in Breed Heavyweights and probably out weigh all the rest of your so called ASX200 put together !
I guess it all depends on what you want to see?
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