Wall Street closed mixed overnight with gains in Tech offset by heavy losses in banks. The Dow lost 93 points (-0.23%). Up 87 points at best. Down 412 points at worst. Weighed down by Goldman Sachs -4.39% and JPMorgan -5.19% after tempering its earnings optimism, which overshadowed an announcement by the Fed’s regulatory chief that…

ASX 200 closed down 24 points to 7988 (-0.3%) as banks fell and resources rose. CBA led the falls down 1.9% with the Big Bank Basket down to $242.11 (-1.3%). MQG and other financial suffered a similar fate after falls in the banking sector in the US. REITS were slightly weaker with GMG up 1.1%…

Wall Street kicked off the week higher with all three major indexes gaining over 1%, buoyed by bargain hunting following last week's sharp sell-off. Attention now shifts to this week's CPI data for more clues on the size of the Fed rate cut. The Dow Jones gained 484 points (+1.2%). Up 655 points at best.…

ASX 200 closed up 24 points at 8012 (+0.3%) as some caution crept in ahead of the great debate. Banks continue to push ever higher with CBA hitting all-time highs together with MQG up 1.6% to a record. The Big Bank Basket rose to $246.43 (+0.5%) as UBS suggested banks should continue to do well at the…

ASX 200 rallied back from early losses to close only 25 points down at 7990 (-0.3%). No follow through this morning as resources found some bargain hunters and banks eased only slightly. The Big Bank Basket dropped to $245.27 (-0.5%). Losses across the financials, MQG off 0.6% and insurers falling, QBE down 0.4% and SUN…

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…