Good Morning Everyone. Well, not so good actually. Unless of course you are sitting in cash. Jobs numbers the focus obviously overnight. See below for the write-up on those. I’m not sure the jobs numbers were ever going to be good. A weak number would have kicked off recession fears, a strong number would have…
THE WEEK THAT WAS Another interesting week of volatility. Finishing in style in the US. Here it was mainly in resources. The themes remain the same. How much will the Fed cut? Is there a recession? Why is the RBA intent on smashing the Australian economy into submission? Why is Jim Chalmers spending so much?…
US equities finished the week on a negative note, weighed down by concerns over a slowing labour market and a tech sell-off. All three major indexes finished lower, with almost all sectors in the S&P 500 finishing in the red. S&P 500 lost 1.73%, falling for a fourth consecutive session and the NASDAQ slid 2.55%…
Wall Street whipsawed in choppy trading ending just off worst levels after a short-lived boost from economic reports ahead of key jobs data due tomorrow. The Dow lost 219 points (-0.54%). Up 110 points at best. Down 456 at worst. The S&P 500 finished 0.30% lower despite a rally in a handful of big tech…
ASX 200 continued to push slightly higher to 8013 up 31 (+0.4%) as once again we saw banks rally to record highs and resources fall to depressing lows. ASX 200 down 1% for the week. NFP to come. CBA hit a record up 1.5%, with the Big Bank Basket up to $246.10 (+1.5%). MQG kicked 2.4% on its…
BBOZ helps. Resources being smashed. The gulf between the ‘Fab Four’ and the ‘Three Amigos’ grows. Ausbiz-The Call On the Couch with Jonathon Higgins
ASX 200 rose 32 points with a late spurt to 7982 (+0.4%). Gains were modest as Michele Bullock poured yet more cold water on any rate cuts this year in a speech. Banks were again the strength. CBA up 1.0%, NAB up 1.5% and the Big Bank Basket up to $242.68 (+1.3%). MQG rallied 1.3%…
US equities closed mixed following a choppy trading session as treasury yields slumped on jobs data and Nivida extended its two-day sell-off to 11%. The Dow edged higher, up 38 points (+0.09%). Up 236 points at best. Down 96 points at worst. S&P 500 and NASDAQ closed lower, down 0.16% and 0.30%, respectively dragged down…
ASX 200 fell 153 points to 7951 (-1.9%) as all sectors suffered after big US and Asian falls. GDP coming in tepid at best did not help sentiment either. Resources were in the seller’s sights with iron ore majors under serious pressure, The Three Amigos showing big losses and FMG falling 8.5% ex dividend too.…
