The latest market news, commentary and strategy by Adrian Rowney
![](https://smartcapitalists.org/wp-content/uploads/2024/05/The-Good-Morning-Report-–-3rd-May.png)
5 Things that Grabbed my Attention
1. APPLE announced an eye popping $110bn share buyback sending the stock up 7% in after hours trade….Market doesn’t care that overall sales fell 4% and iPhone sales dropped 10%.
2. NAB is still predicting the RBA is going to deliver a stack of rate cuts with the first starting in November. They target rates will fall from 4.35% to 3.1% during 2025.…Careful out there – it is very likely to be a trap.
3. The Bank of Japan intervened on the YEN again….ZeroHedge is reporting they have spent US$55bn in the past few days propping it up.
4. If Woolies (WOW) was gouging us they would have reported a bumper quarter, however WOW shares fell 4.1% on the rising costs leading to shrinking margins. (To anyone paying attention – the politicians have been exposed as liars yet again).
You must be logged in to view this content.
The post The Good Morning Report – 3rd May appeared first on SuperEquity.