Thanks @shovel40, @Fiji1, @Patterns and morning crew. Half-time...

Thanks @shovel40, @Fiji1, @Patterns and morning crew.

Half-time wrap:

Record highs on Wall Street helped the Australian share market rally towards a second day of gains despite weakness in the heavily-weighted resource sectors.

The ASX 200 climbed 49 points or 0.66% to 7470. Consumer, property and bank stocks set the pace. Mining stocks dragged following poorly-received updates from South32, Chalice Mining and Liontown Resources.

The S&P 500 joined the Dow at record levels on Friday as AI mania helped investors look past the possibility that interest rate cuts may not start until much later in the year. The S&P 500 climbed 1.23% to 4839.81, eclipsing the previous high set two years ago.


Side note: If this feels like a challenging market, that's possibly because the XEC (Emerging Companies index = specs) is not following the top end. The XEC is down almost 1.5% today and it's on a five-session losing run and trading back where it was mid-December.


Personal trading: Got something from CRR, LRS and SPN. Also took QPM for any partial recovery.