Thanks @shovel40, @Fiji1, @Patterns and morning crew.
Half-time wrap:
The share market fell back from near-record levels after profit-taking set in on Wall Street after nine weeks of strong gains.
The ASX 200 reversed 82 points or 1.08%, a day after missing a record close by little more than a point.
Rate-sensitive stocks and miners led a sell-off that lowered ten of eleven sectors. The tech sector dropped 2.7%, REITs 1.5% and materials 1.3%.
The decline came as bond yields rebounded here and in the US. The Australian 10-year government bond yield climbed four basis points to regain 4% for the first time in a week.
The Nasdaq slumped 1.63% overnight to its heaviest loss since October. The broader S&P 500 gave up 0.57%.
Personal trading: Don't think I've ever thrown as many buy orders at the market and emerged with so little to show for it. Only entry was a skinny scalp in FMG for some of the tepid bounce off the lows. In too early, out too early. Beer money.
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- Afternoon trading January 3
Thanks @shovel40, @Fiji1, @Patterns and morning crew. Half-time...
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