Members Podcast Monday
Members Podcast Monday
MARKET AT MIDDAY The ASX 200 drifted down 20 points to 7305 (-0.3%) in a lacklustre start to the week following Wall Street’s Friday sell-off. Early weakness in the healthcare sector, didn't help particularly in Resmed (RMD) -4.3% following recent Q4 results. Technology stocks also getting hit, Block Inc (SQ2) -10.8%, Xero (XRO) -1%. Financials dropping lower after the Reserve Bank of Australia's policy settings…
ASX 200 drifted 16 points lower to 7309 (-0.2%) as iron ore miners and banks wallowed.
ASX 200 drifted 16 points lower to 7309 (-0.2%) as iron ore miners and banks wallowed. WBC and ANZ, the worst performers ahead of CBA numbers Wednesday. The Big Bank Basket down to $176.94 (-0.2%). Insurers slid with QBE off 1.8% and SUN dropping 2.6%. MQG slightly firmer up 0.4% and GQG up 4.5% on…
This week’s main event is the US Inflation rate Thursday and CBA results Wednesday.
These are our Weekly charts covering the Markets and Sectors – they give you a feel for the “Tide” and the undercurrents.
US markets closed out the week in the red. Dow Jones down 150 points while the S&P 500 and the NASDAQ fell 0.53% and 0.36%.
Sold both ETFs this week. Cautious. Nothing in the IDEAS PORTFOLIO or ONE STOCK PORTFOLIOs. Sold the CXL holding down from just over 3%.