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and kept ya powder dry !! :) good stuff Laddy ...one of my older...

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TesterWA

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61

09/08/24

13:05

Post #: 75141557
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Originally posted by highlandlad: ↑

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

The share market rose for the third time in four sessions after a contraction in claims for US unemployment benefits soothed recession worries Stateside.

A "risk-on" session saw the ASX 200 surge 111 points or 1.45% by mid-session. Tech companies, small caps and spec stocks shone during a rally that lifted all sectors.

The Small Ords put on 1.94%. The Emerging Companies index gained 2%, a sign of improved risk appetite as buyers bet the worst of the latest market turmoil is behind.

The S&P 500 popped 2.3% overnight to its biggest gain since November 2022 after the week's only significant economic release - claims for jobless benefits - came in weaker than expected. The decline in claims helped calm concerns that joblessness will rise faster than the Federal Reserve can lower interest rates.

Personal trading: So I sold everything a day too soon. Never a great feeling, but a regular part of risk management during times of market turmoil. Turned into a low-return week for me - each step forward largely cancelled by a step back in something else. Oh well - we go again next week.

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and kept ya powder dry !! good stuff Laddy ...one of my older brothers used to breed and race greyhounds back in the day and one of his dog's was called Ashton Lad
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