Kaolin, HPA, Data Centre Cooling and Graphene

Kaolin, HPA, Data Centre Cooling and Graphene

The US markets broke to new highs during the week but understandably, there was a heavy correction on Friday. Correlating these moves with the ASX is not directly helpful as the US markets are being driven by technology e.g. AI and semiconductor chips. Domestically, the thematic of defence related stocks continues to attract attention in a fast emerging sector, but we are more concerned with the resources sector.

Gold has been showing volatility as opposed to a discernible trend. The Iran War continues to add to volatility generally. The Sentiment Oscillator is showing recovery from the earlier lows and is now hanging around the equilibrium. That means the market is neither overbought or oversold. Individual stock selection will depend upon specific merits.

The Federal Budget was delivered but not received well. Some have said that it proves how deceptive the Government has been as the Budget it was laced with broken promises. The Prime Minister is denying that deception by saying that he is being honest with the public. You be the judge. The new term intergenerational equity is being thrown around as if it as a serious issue. Let me think about that a little longer before I tell you what I think about its merits.