Pre-Market Report – Thursday 29 January: US markets flat | Fed keeps rates on hold

US markets were braced all day for some important earnings release after the market. Marcus has the initial reactions in the Market Strategy section. It includes Microsoft, Meta, IBM and Tesla. Otherwise, the S&P500 was essentially flat and the Nasdaq up 0.2%. The VIX and bitcoin stayed steady. It’s a calm market considering the Fed meeting (keeping rates on hold), Trump unleashed aggressive rhetoric against Iran and gold/silver kept mooning. That’s not all. Henry said on his podcast yesterday that he expected uranium to hit US$100 per pound. Even he didn’t expect it do it overnight. Uranium stocks rallied strongly in North America as a result, with gold stocks not far behind. I detected some hesitancy in gold stocks earlier in the week. They’ve shrugged it off now! The lithium sector is taking a breather currently, as are US financial and European shares. None of it looks any more than the usual swings of the markets. That should hold the ASX in good stead for now.  

SPI Futures down 4 points. ASX to open flat. 

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