(Personal half-time report for @RockstarJones:
In a first for the market, every single stock went up this morning. Investors celebrated as anyone holding any stock at all became an instant millionaire. Queues formed outside management doors all over the country as laughing Australians handed in their notice and told their boss to shove it. Lamborghini salesrooms reported record sales. The sound of champagne corks popping was heard all over the nation. Everyone was given jetpacks. Everything was awesome.)
We wish. Unfortunately:
Half-time wrap:
The Australian share market slid towards its sixth loss in seven sessions after US President Donald Trump said tariffs on trading partners Mexico and Canada would proceed next week, sending most US stocks lower.
The ASX 200 dropped 72 points or 0.87% by mid-session.
Tech and consumer stocks led a broad retreat. Bank and mining stocks also fell. Defensive sectors provided a haven. Positive trading updates lifted Helia, Zip Co and Nine Entertainment.
Wall Street's main stock benchmarks finished at or near session lows overnight as Trump's tariff remarks did little to dispel market jitters following weak economic signals last week. The S&P 500 faded to a loss of 0.5% after an opening bounce quickly fizzled out.
Personal trading: Haven't had a losing day for a few weeks, but this is shaping up ugly. Took JLG for a quick bounce trade, got momentarily distracted, missed the profit opp and ended up taking a solid loss. Was also over-optimistic about CLA and took too soon. Small win in TEA, but not nearly enough to make up for the others.
