Thanks @shovel40, @Fiji1 and morning crew. Reluctantly returned to the old HotCopper this morning because those intrusive auto-play videos were covering too much of the screen. They will be the death of this site if they don't rein them in. Time for a rethink, please.
Half-time wrap:
A risk-off session saw the ASX give back much two days of gains ahead of US inflation data tonight that will likely set the market tone on Wall Street for the near future.
The ASX 200 slid 60 points or 0.84% to 7147 by mid-session. Nine of eleven sectors declined, led by tech, industrials and property stocks. Energy and utilities bucked the downtrend.
This morning's weakness followed tech-led declines on Wall Street, where risk aversion ahead of tonight's CPI data was compounded by a downbeat trading outlook from Oracle. The S&P 500 dropped 0.57%. The Nasdaq shed 1.04%.
A lot hangs on tonight's US consumer price index following a sharp increase in recent weeks on bets that the Federal Reserve will keep rates on hold this month but potentially hike again in November.
Personal trading: Took advantage of this morning's weakness to get set for what I hope will be another partial market recovery this arvo, but it has been one-way traffic in the wrong direction so far, lol. Doesn't imply a lot of optimism about tonight's US CPI. Looking for bounces to continue/start in DXS, ALX, NXL and MGH.
