Afternoon trading April 13

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    Thanks @shovel40, @FlashPoint, @Fiji1 and morning crew. (Also @Endless for the laugh.)

    Another strong jobs report pushed the market lower in anticipation of higher rates for longer. The economy created 53,000 jobs last month, yet again defying expectations for a slowdown. Jobless rate was steady at 3.5%.

    The ASX 200 sank 16 points in response as the dollar jumped above 67 US cents. Bond yields also rose. At the halfway mark, the ASX 200 was down 0.21%. Consumer-facing stocks were the biggest drag.

    Not a lot of sizzle at the spec end. OMA opened well, but hasn't gone on with it. Likewise FBM. EG1 and ELE offered something.




    Personal trading: Tracked OMA all morning and kept missing the retraces.

 
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