
3 days ago
Bull run seems intact despite the market drop
The S&P 500 fell for the first time in nine days as investors grab profits ahead of a US central bank meeting. Oil also fell, down 18% in April, to its lowest level since January 2021. But signs point to a continuing upward run in the market. Gold is a bright spot as are companies such as Life360 and Palantir recording amazing gains. Locally, Australian banks may head lower.
Securities mentioned include Life360, ANZ Bank, Bellevue Gold, Baker Hughes, Commonwealth Bank, Chevron, Evolution Mining, Gold Road Resources, VanEck Australian Banks ETF and Newmont Corp.
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