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End of Day Podcast

ASX 200 slips from highs to end up 34 points at 7616 (+0.5%). Banks pretty much unchanged with CBA up 0.2% and NAB losing 0.2% on a change of CEO. MQG rallied 0.7% with insurers doing well again, QBE up 1.8% and GQG having a good day up 7.4%.

Marcus Take Wednesday – Some life in Lithium today, and China.

The new RBA rhythm refreshes the parts Philip Lowe didn’t reach. Catch the knife anyone – The Chinese stock market bounced yesterday. Magnificent Seven or Sensational Six – Tesla is down 38% in six months and is 55% below the 2021 high. Lithium stocks came alive overnight. For a night. Resources drift. Iron ore price downgrades.
And there it is – a sell signal on the CBA a week ahead of results. Right on schedule. India – it doesn’t matter which ETF you buy.

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