Indices: Australian ASX 200
The ASX200 fell -0.4% yesterday as the RBA hiked rates slightly more than expected to 0.35% but interestingly we saw the value stocks dip slightly while tech in particular enjoyed a strong session. However, interest rates have been destined to go higher for months and while yesterday’s move was more aggressive than most economists anticipated it was always a matter of when…
The ASX200 kicked off the infamous May on the back foot slipping -1.2%, overall not a bad performance considering the S&P500 fell over -3.6% on Friday night taking it down over -9% for April, we closed the month basically unchanged. All 11 market sectors declined yesterday and I feel like a broken record stating that the weakness was again focused in the IT Sector as it plunged another 4%, all 14 stocks fell as earnings / valuation…
