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Stocks await the vote

David Llewellyn-Smith
Monday 28 October 2024
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The Market Ear with the latest equity internals.

Do we see a magnificent ATH?

MAG 7 index broke well above the short term range yesterday fuelled by the Tesla squeeze. We are not far from ATHs, and the crowd isn’t long enough of Mag stuff these days…

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.