Waiting for the Bottom – might be a while
ASX 200 fell 8 points today to 7030 (0.1%) as a late rally saved the day after early losses. The market managed a rally post the monthly CPI number coming in as forecast at 5.2% and kicked in the matchout.
Wall Street finished higher overnight despite rising bond yields. The Dow Jones finished near best…
SUMMARY Government bodies expressing Chinese economic concerns – bit odd. Iron ore tops out – Wouldn’t…
A lot of oversold stocks – a Buy signal on Telstra – sell signals on US markets
The ASX 200 closed down 38 points to 7038 (-0.5%), snapping a two-day advance as US futures…
SPI Futures down 7 as the Dow rises 43. Concerns about China are eerily spreading and iron ore is going down.
Getting hard to make money as the market trends lower for longer in the face of bond yields doing the opposite. ASX 200 down 28 at Midday. Resources, Tech and REITs on the nose as bond yields rise.
Market closes down 38. Can’t win a trick.