Banter and general comments, page-16415

It could be a lot of things,

Because macro is having another wobble. Aus inflation rates have just come through today at 7.3 so the RBA's pause will likely be finished and they will start hiking again.

Also Alphabet reported earnings in the US after hours and was down something like 5% in the futures after the close. The first of the really big names to have a solid miss. They make up such a large % of the index over there that its enough to get people a little spooked.

And also a lot of people buying the news but the news hasn't come so might be exiting out just in case?

Probably 20 more theories you could throw at it.
Either way for long term holders its just another day.