ASX 200 fell 65 points to 7972 (+0.8%) off its lows in quiet nervous trade. Dow futures slightly higher on the Trump speech. 90 minutes and talking unity. Red across the screens, banks gave back some recent gains, with the Big Bank Basket down to $226.80 (-0.9%). CBA fell 0.8%, and ANZ under pressure on…

Wall Street ended mixed overnight. The S&P 500 and NASDAQ fell sharply, with tech and chip stocks getting hammered following reports the US was mulling tighter chip curbs on exports to China, triggering the sell-off. S&P 500 -1.39% and NASDAQ -2.77%. Wall Street semiconductor index lost more than $500bn in stock market value, its worst…

SUMMARY The NASDAQ falls over. Clearing out tech sensitive AD8 and the last mining stock we hold SFR. WDS up a touch yesterday. KAR down 1.6% after Morgan Stanley lowers its Crude price forecast. Set to recover today with WTI up 2.7%. Sold CIA yesterday at least. The heavy-weight miners all finished the day in…

ASX 200 slips 21 points to 8037 (-0.3%) after the jobs number put rate rises (yes, rises) back on the table. Relatively calm markets as US futures rose and chip stocks soured again in Asia. Banks eased back, CBA down 0.6% and the Big Bank Basket slipping to $228.89 (-0.4%). Other financials eased QBE down…

ASX 200 cruised to another 59-point gain up around 0.7% as once again, banks and industrials took their cue from US records. Slight sell-off on the close. CBA pushed up another 0.8%, with NAB up 1.0% and the Big Bank Basket hitting new record highs of $229.72 (+0.9%). MQG had a better day with the…

US equities rose overnight supported by stronger-than-expected retail sales data which reinforced the view the Fed is approaching its easing cycle. The Dow Jones hit an all-time closing high for a second consecutive session, rising 743 points (+1.85%) its strongest performance since June 2023. The S&P 500 rose 0.64% to 5,667, its 38th record high…

DRO got interesting really quickly. Is the market getting more random? Small Caps in the US firing. Back on The Call today.