ASX 200 falls another 57 points to 6842 (0.8%) as resources weighed on sentiment. The big iron ore miners under pressure, BHP off 2.4% with RIO falling 2.4% and FMG off 2.7%. Lithium stocks well and truly on the nose with PLS sinking another 7.3% as AKE fell 3.0% and MIN down 5.2%. Gold stocks eased too as bullion came off the bo
SMALL CAP PORTFOLIO Last update 10.30am SUMMARY Plenty of cash and no rush as 6900…
This weeks members podcast all in one place.
Not the best week – introducing the Investor Colours. What colour are you?
DIARY NEXT WEEK The main events coming up are Corporate, not economic. The AGM season in Australia continues…
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.
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%.
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.
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.