Members Podcast – Friday 7 February

• ASX down 10 points on the open.
• Another quiet night. Market taking a cautious ‘wait and see’ approach to the tariff narrative.
• No change to Strategy.
• Dow Jones down 126 points. S&P 500 up 0.36%. Nasdaq up 0.51% in a late rally.
• Amazon results fresh of the press. Quarterly numbers meet expectations. Guidance misses. Stock down 3.5% after-hours.
• Bessent meets with Powell. He (i.e. Trump) wants bond yields lower (they didn’t move much overnight).
• US jobs numbers still to come tonight.
• Adding BSL to the Top Ideas Table. Potential tariff beneficiary.
• A busy week on the ASX coming up.
• Punching the air with NCK. Up 13% on results today.
• Iron ore stocks stirring. Need a catalyst to break their sideways trend.
• GMG and NXT bouncing. They're still buys.

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