This weeks members podcast all in one place.
ASX 200 managed to cling to 6900 falling 81 (1.2%) points today. Across the board selling as yields and geo-political events take centre stage. ASX 200 down 2.1% for the week. 10-year yields stable at 4.74% with US rates breaching 5.00% briefly. Banks sold off with CBA down 1.0% and NAB down 1.6%.
ASX fell 2.7% yesterday after holding its AGM, not necessarily on the news alone as the market had a bad day also. Plenty of information conveyed during the meeting with most of it concerning the massive $250 million chess replacement right off.
Away today – no podcast from me. Labor market tight. Bond yields tight. Fed up tight.
Middle East tight.
Oil price tight.
Not a lot going right.
Cash is King for another day.
Lynas (LYC) is down 1.8% today as it releases its Q1 activity report. The highlights include:
Quarterly revenue falling from $143m to $228m and Neodymium (NdPr) production falling from 1864 tonnes to 1526 tonnes.
Wall Street’s major indexes finished lower overnight after a choppy trading session as the market…
SMALL CAP PORTFOLIO Updated LTR at 11.00am – Bgt 1% back at 184c on the…
ASX 200 managed to cling to 6900 falling 81 (-1.2%) points today. Across the board…
Wall Street’s major indexes finished lower overnight after a choppy trading session as the market digested Powell’s comments, and the US 10Y yield approached 5%. The Dow Jones closed 251 points lower (-0.75%). Up 187 points at best. Down 297 points at worst.