SYD

For a while, I was topping up SYD but recently, it had bad news from the government.  The government is not helping with any fund to develop the second airport.  It hasn't been great for SYD shares.   But I continued to buy because it is a very profitable organization with a long monopoly.

However, you wonder how its passenger numbers can keep going up!

Rate rise but Wall Street also up!

The world of logic does not hold sway especially in the short term... but perhaps, the rise had already been factored in by smarter logical people.  And because the rise is not over the top and the benign (or rather 'encouraging') employment and inflation rates were also factored in, Wall Street climbed.

But strangely price of gold also climbed overnight!

Perhaps, I should retire my simple 'logic' strategy as I am behind.

My portfolios had been greatly influenced by two related stocks so I don't think a rise in SPI and price of oil and gold this AM is going to give me any alpha.  Logic is only good for the longer term.