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wrighty64

4,654 Posts.

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27/11/23

13:10

Post #: 71124952
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Originally posted by highlandlad: ↑

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

OT: impressed with @HungHing's self-discipline at the doughnut shop. Might be the first person in history to enter a doughnut shop and not buy anything. That's some kind of Zen doughnut mastery right there. I bow to the Master.

Half-time wrap:

The share market gave up early gains as US equity futures weakened and a recovery in bond yields continued ahead of inflation data this week that could reset interest rate expectations.

The ASX 200 swung from a 14-point opening gain to a mid-session loss of 22 points or 0.31%. The market rolled over as the major miners and most of the banks turned negative.

A rebound in bond yields entered a fourth day. The yield on 10-year Australian government bonds firmed three basis points this morning. Bond yields reflect expectations for official interest rates.

US futures slid in Sunday night trade as US treasury yields rose. S&P 500 futures dropped 0.18%.

Personal trading: Turgid morning. Feels like the US Thanksgiving break has sucked a lot of momentum out of the market. Hopefully just temporary - it's way too soon for the Christmas doldrums. Took AX8 on retrace - has come back a long way in a short time.

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What driving the sudden gold spike as if bonds are rising gold might be set for the sucker punch here.
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