Morning,
Markets are up. Nasdaq record close.
Biggest winner in the budget is Andrew Forrest, biggest losers are the average and poor people because of the new and extra 24billion of spending which will fuel inflation. Labor loves the rich and hates the poor, wake up people, they are Political science masters or aka masters of deceit.
https://www.copyright link/chanticleer/why-andrew-forrest-is-a-big-winner-20240513-p5jdat2 days, $5 billion losses for shorters, and they say meme stock madness is baseless Lol, i'm sure many round here like to see dumb shorters get burned so maybe all not lost, GME up 170% this week and AMD up 180% or thereabouts....AMD even completes a $250 mil stock sale during the meme rally Lol.
https://www.cnbc.com/2024/05/14/amc-raises-250-million-in-stock-sale-during-mondays-meme-rally.htmlPowell says inflation has been higher than thought Lol , not sure if theres a lot of thinking going on though but paper never refuses ink does it.
Lets hope our Treasury staff that have forecast a return to target inflation by year end in Oz get the 'don't come Monday, do not pass GO' treatment when they get proven wrong at Christmas time.
It's hard to fathom that our government actually thinks it can pick winners better than the market, as always it's the tax payers and the consumers that will suffer from these bad decisions and ideologies our government makes and has.
Gold rising, Uranium off a bit, IO down yesterday, Oil off a bit, Copper up, Lithium not doing much.
Biden tariff's solar panels and batteries aswell as EV's.
ASX futures up about half a percent.
Apauling that our Government now sides with Iran, Russia and China and backs terrorists these days, Wong is off her dial, Hamas has always been a terrorist group, always will be, it's leaders are billionaires while palestinian people starve and get used as human shields, i wonder who's pockets our borrowed tax payer money will end up in
.........certainly won't be the Palestinian people thats for sure but Wong would know that.
US inflation read tonight, EU GDP and US retail sales, then theres more data coming thursday night.
