ASX 200 slips from highs to end up 34 points at 7616 (+0.5%). Banks pretty much unchanged with CBA up 0.2% and NAB losing 0.2% on a change of CEO. MQG rallied 0.7% with insurers doing well again, QBE up 1.8% and GQG having a good day up 7.4%.

The Dow Jones Industrial Average dropped 0.7%. Bond yields up on string data. The S&P 500 slipped 0.32%. Nasdaq down 0.2% to end at 15,597.68.

We are selling a couple of things today as the volatility “picks up at the top”.

The ASX 200 closed down 74 points at 7626 (1.0%) as commodity stocks suffered. Most major sectors in the red with big miners and gold miners the worst performers. BHP, FMG and RIO all down around 2.5% as Iron Ore continues its slide. GMG rose 0.7%, rallying from a down open and other REITs dropping as bond yields rise following the US weekend jobs number. Financials saw profit…