Afternoon trading May 3

  1. 14,554 Posts.
    lightbulb Created with Sketch. 6

    Thanks @shovel40, @Fiji1 and morning crew.

    Another ugly session drives the ASX 200 down 1.06% to its weakest level since late March. Energy and banks led the way south, continuing overnight themes from the US (oil down hard, US regional banks belted).

    The near-term outlook appears gloomy as the market revises its interest rate expectations in the wake of yesterday's surprise hike, the Fed likely hikes again tonight and as an all-too-familiar game of debt ceiling chicken plays out in Washington.



    Personal trading: In and out of LVT three times for two gains, one brokerage. Also in and out of PIM for brokerage. OML was a bad miss - easy trade there for the quick.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.