The ASX 200 powered back up another 111 points to an all-time high of 7699 (+1.5%) as US tech took off. Green across the screen, banks found buyers again with the Big Bank Basket up to $199.37 (+1.4%). CBA jumped 1.5%, with MQG up 1.7%, but the real stars were the REITs GMG up a…
SUMMARY A host of sell signals after yesterday’s bad day. Reversal expected today. Big tech jumps after hours. No knee-jerk is looking good. WDS set to fall after oil drops on false cease-fire reports. Ready to sell if need be but not today. No changes to One Stock Portfolios. Iron Ore has a third down…
Back on after the traditional dummy spit.
RBA meeting next week and it is a big one.
No Hard or soft landing. A Skim perhaps?
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US markets bounce hard.
SPI up 30.
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Apple and Amazon report.
Kazatomprom cuts production.
The ASX 200 powered back up another 111 points to an all-time high of 7699 (1.5%) as US tech took off.
RBA decision next week
US stocks fell on FOMC monetary policy decision.
The S&P 500 fell 1.61%, the Nasdaq 100 declined 2.23% and the Dow Jones lost 317 points.
We have seen the market lose the 80 points it mysteriously gained yesterday in the last day of trading before the end of the month.
ASX 200 gives back 93 points, back down to 7586 (+1.2%) on US FOMC news and profit-taking after an end-of-month rally sent stocks to all-time highs. Banks that have led the market higher taking a hit, with the Big Bank Basket down to $196.69 (-2.4%). CBA dropped 2.9%, and NAB down 2.2%, the most targeted.…
