ASX 200 fell another 53 points to 6890 (0.8%), an 11-month low with banks and industrials in the firing line today. The Big Bank Basket dropped to $172.06 (-1.6%), with CBA down 1.6% and MQG falling 2.1%. Insurers are once again under pressure despite rising bond yields, usually good for the sector. QBE down 1.0%,…
ASX 200 fell another 53 points to 6890 (0.8%), an 11-month low with banks and industrials in the firing line today. The Big Bank Basket dropped to $172.06 (-1.6%), with CBA down 1.6% and MQG falling 2.1%.
US markets ended mixed on the first trading day of Q4, following Friday’s mixed weekly performance and worst monthly performance of the year. The Dow Jones fell 74 points (-0.22%). Up 4 points at best and down 288 at worst. There was a big divergence in performance between Big Tech and the rest of the…
Dow declined 74.15 points, or 0.22%, to 33,433.35. The S&P 500 inched higher by 0.01% to close at 4,288.39. The Nasdaq Composite added 0.67% to close at 13,307.77 and notch its fourth consecutive positive day.
The yield on the 10-year Treasury topped 4.7% at its session high, marking its highest level since October 2007.
Technology, communications services and consumer discretionary were the only positive sectors in the broad market index.
SMALL CAP PORTFOLIO 2.45pm Updates RBA leaves rates unchanged and the statement reads like the previous copy and paste job. No real change from Michele. The central bank keeps its options open and data-dependent again. Sold out the 1% in LRS at 29c that I added to the portfolio at 23.5c a few days ago.…
SUMMARY The Trend is not our Friend. Cash still King. Government shutdown relief short-lived as bond yields rise…again. Resources getting worse. Just standing back, waiting. Aluminium bounces. Could be a trade in S32 or AWC but am lacking conviction. US Results season coming. Goldman optimistic on Tech. The oil trade – done? ResMed pop and…
The market down over 100 points as the Resources sector folds up, the Gold price falls, the Lithium stocks crater and the A$ drops 1% as the RBA beckons.
ASX 200 fell another 90 points to 6943 (1.3%) after weak leads from overseas and bond yields pushing higher. RBA leaves cash rates unchanged in Bullock’s first meeting. Low volume and only tentative signs of some bargain hunting appeared. Resources once again the problem as iron ore fell in Singapore. BHP down 1.2%, and FMG…
ASX 200 fell another 90 points to 6943 (1.3%) after weak leads from overseas and bond yields pushing higher. RBA leaves cash rates unchanged in Bullock’s first meeting.
The Dow Jones Industrial Average retreated on Friday as investors followed the latest news about a potential government shutdown and ended what has been a tough month for stocks. The Dow lost 158.84 points, or 0.47% to finish at 33,507.50, led down by Travelers Companies.
