Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew....

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    Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.

    Half-time wrap:
    Australian shares slumped to a three-and-a-half week low as risk aversion gripped global markets as they entered what has historically been their weakest month of the year.
    The ASX 200 sank 105 points or 1.18% towards a fourth-straight loss. The Australian stock benchmark has fallen more than 175 points since the start of the month.
    Gold was once again a bright spot following another record high for the yellow metal as investors bought havens. Standouts here included Bellevue Gold, Regis Resources and Genesis Minerals.
    Rate-sensitive utilities dived almost 2% as the Australian bond market joined a global sell-off. The yield on 10-year Australian government bonds climbed to its highest in seven weeks. (Yields move inversely to price.)
    The market added to its loss after stronger-than-expected economic growth figures dented the argument for a rate cut this month. Annual gross domestic product rose to 1.8% last quarter, versus an expected 1.6%.
    September is the weakest month of the year in both Australia and the US, according to recent records. The ASX 200 has averaged a loss of 1.2% over the last 10 years. The S&P 500 has an average 10-year loss of 2%.
    Overnight, the S&P 500 declined 0.69% as treasury yields rose in response to the threat that Donald Trump may have to rescind the tariffs he has made the centrepiece of his strategy to reduce government debt.

    Personal trading: If you want to know where you shoulda bought this morning, it was half a pip above wherever I placed a buy order. You're welcome. For more hot tips, sign up to my newsletter at: hesanidiotdontlistentohim.com
 
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