The ASX200 has finished the day and financial year up 8 points (+0.1%) to 7768. Losing a 60-point gain from midday as tax loss selling crept in. US presidential debate not impacting our market. Technology was the best performing sector for the third day in a row. Following a small NASDAQ lead compared to a…
End of Financial Year window-dressing abounds. Low volume in the US – inflation figures tonight. Could be good. Strategists getting negative on the US. Talk of multiple rate rises in Australia. Presidential Debate this morning. Education Corner – Why are we here? – Ithaca explains.
Wall Street edged higher overnight following a choppy trading session amid mixed economic data ahead of tomorrow's PCE reading. The Dow Jones and S&P 500 ended near flat, both up 0.09%, while the NASDAQ managed to eke out a small gain of 0.30%. Busy night on the economic front – data showed US manufactured goods unexpectedly fell in…
SMALL CAPS PORTFOLIO Doing a bit more tax-loss selling today – It's the last day of the financial year. No doubt they will all bounce Monday but whatever. Let's clean this up. Leave a clean sheet for Henry on his return. Selling A1M – Copper stock. The copper trade is over for now. It may well…
SUMMARY AD8 has two bads days and dips below its short-term uptrend. Close to being stopped out. EOS has another gain. Now up 12.5%. Has been a winner this year so not expecting any tax loss selling. Same goes for TWE and AD8. No change to WDS. Oil up overnight. WDS is down 12% since…
The ASX 200 has finished the day down 23 points (-0.3%) to 7760, staging an impressive 106-point turnaround. The recent CPI induced spike in bond yields triggered an excuse for a morning sell-off. Tech was the best performing sector, supported by a solid lead from the NASDAQ. WTC rallied 4.1% from a morning low (94.41)…
After opening down 127 we have bounced 50 points – REITs and Banks down as the CPI number pops bond yields
