ASX 200 fell 121 points to 7042 (-1.7%). Another soggy end to the week. ASX 200 down 2.2% for the week.
MARKET AT MIDDAY The ASX experienced a broad sell-off, with the ASX 200 dropping 114 points to 7049…
SUMMARY Nasty day and more in store. Where is that recession? What to do with…
ASX 200 fell 121 points to 7042 (-1.7%). Another soggy end to the week. ASX…
SUMMARY The Sugar hit didn’t last long. The Fed confirms its hawkishness. Taking some profits…
JB Hi-Fi (JBH) was established in 1974 by Mr. John Barbuto (JB), trading from a single store in East Keilor, Victoria. He had one simple philosophy: to deliver a specialist range of Hi-Fi and recorded music at Australia’s lowest prices. It is now a $4.9 billion listed company with $9.2 billion worth of turnover and is one of Australasia’s fastest-growing and largest retailer of home entertainment.
US stocks closed lower overnight as the market digests the latest FOMC meeting minutes, trade barriers from China and oil output cuts from OPEC+.
I am taking some profits today in the IDEAS PORTFOLIO and throwing in the towel on the BHP and MQG one stock portfolios for the moment. The sugar hit from the RBA pause is well and truly over. That didn’t last long. The ASX 200 was up 33 on the day of the pause, dropped 26 yesterday and the futures are down 37 today.
Blood on the streets on ASX 200 today, closingdown 90 points to 7163 (-1.2%), as investors exercised caution after the FOMC meeting minutes.
US stocks closed lower overnight following July 4th Independence Day holiday as the market digests…