And so it continues – SPI Futures down 24, Wall St off 400 – the higher for longer message is taking a while to sink in.

Waiting for the Bottom – might be a while

ASX 200 fell 8 points today to 7030 (0.1%) as a late rally saved the day after early losses. The market managed a rally post the monthly CPI number coming in as forecast at 5.2% and kicked in the matchout.

Market closes down 38. Can’t win a trick.

SPI Futures down 7 as the Dow rises 43. Concerns about China are eerily spreading and iron ore is going down.

Getting hard to make money as the market trends lower for longer in the face of bond yields doing the opposite. ASX 200 down 28 at Midday. Resources, Tech and REITs on the nose as bond yields rise.

SPI Futures down 18. Lets see if Friday’s Australian bounce follows through today or whether it was a one day wonder. My guess is that it was a one day wonder.

The buying in our market on Friday hasn’t followed through today. Sell signals on the US markets. We are in cash in all our active portfolios.

ASX up 8 points having been down 46 – another session of constant buying from the lows. Iron ore a weak spot.