SUMMARY
Alert but not yet alarmed.
Powell turns hawkish.
Bonds fall as US Auction disappoints.
No need to change strategy just yet. A pause to reflect or a peak?
SMALL CAP PORTFOLIO 2.50pm Update NEU continuing to fire. May have missed it slightly in…
ASX 200 finishes the week down 38 points to 6977 (-0.6%). Quiet trade ahead of…
Wall Street finished in negative territory overnight, snapping an eight-day winning streak after Treasury yields…
Wall Street finished in negative territory overnight, snapping an eight-day winning streak after Treasury yields jumped. The Dow finished down 220 near worst levels (-0.65%).
TECHNICAL SUMMARY
NASDAQ hovering at the top of its medium-term downtrend.
WDS oversold on a daily basis after oil’s sell-off.
Nickel hits at 52-week low.
The S&P 500 rose for an eighth consecutive day extending its longest win streak in two years.
Up 0.1% to finish at 4,382.78. The Nasdaq Composite up 0.08% to end at 13,650.41. The Dow lost 40.33 points.
US equities were little changed overnight as markets weighed the latest corporate results and digested…