Thanks afternoon crew.
A positive session, but perhaps not as strong as might have been expected off those "bad-news-is-good-news" jobs figures. The pop in the unemployment rate should ensure a rates pause next month. But then again, rising unemployment is not exactly a tailwind for corporate profits so the muted market reaction was probably sensible.
Ultimately, the ASX 200 finished pretty much where it was when the data dropped at 11.30 am. The final tally was a gain of 0.52%.
Tech stocks, resources and banks fared best. Defensives sold off (gold, healthcare, REITs, etc).
US futures were drifting lower/near neutral at the Australian close. S&P 500 futures were down 0.1%.
If you didn't make money today, there's always tomorrow. That's the great thing about this game. There's always tomorrow.
