ASX 200 wilted after a great start to close up only 18 points at 8210, unable to hold on to earlier big gains. Triple witching and index rebalancing in US tonight. Banks remained solid with the Big Bank Basket at $249.63 (+0.5%). MQG slid from record highs, and SUN eased 1.3%. REIT's mixed, GMG down…
Resources looking for a reason.
Copper is back. Quietly this time.
The bank rally. Is that over?
EVN has appeal.
Why bother with the ASX?
Wall Street rallied overnight on optimism that the Fed will be able to pull off a soft landing for the economy just a day after the Fed cut rates by 50bps. The S&P 500 rose 1.70% to 5,714, marking its 39th record high this year and bringing this year's rally to ~+20%. The Dow Jones…
US Hits Records
SPI up 31 – Resources in Focus
Wall Street ended mostly lower in a choppy post-FOMC trading. A brief rally saw stocks rise to all-time highs before the Fed signalled it was not in a rush to ease policy after cutting rates by 50bps. A full analysis of the FOMC decision can be found HERE. The S&P 500 finished 0.29% lower, wiping…
SUMMARY
Fed cuts! Yeah, whatever!
China remains a issue.
Livewire Live throws up some ideas.
SPR still looks interesting.
OPT going well.
Ausbiz The Call.
ASX 200 closed up 50 points to a new record high of 8192 (+0.6%) on SPI expiry day. Some wobbles post job numbers were quashed by buyers stepping back in for banks and now resources too. The Big Bank Basket hit fresh highs of $248.39 (+0.5%). CBA up 0.5% and ANZ playing some catch-up, rising…
Fed Cits 50 bps.
US markets slip lower.
SPI down 39
Unemployment in focus.
