The ASX200 started June on the back foot, slipping 0.2%. Overall, this was not a bad performance, considering that further geopolitical uncertainty rattled global markets after a few quiet weeks; the S&P 500 futures were down ~0.5% during our trading session.
Yet again, the “sell in May & go away” catchphrase played out as the myth that the statistics foretold. Although the stellar 3.8% gain was the second-best of the last decade. The most critical point when it comes to considering the seasonality of the ASX200 is to “Keep it Simple, Stupid” (KISS) with our favourite three factors looking forward towards Christmas.
The ASX 200 closed marginally higher on Thursday, and as we enter the last trading day of May, the index is up +3.5% with only the utilities sector dragging the chain. Although it's been a stellar month, yesterday's performance was a touch disappointing considering the global tailwinds.
The ASX 200 failed to build on a strong session on Wall Street, finishing down 0.1% on Wednesday, with weakness in the banks more than offsetting broader buying, as over 55% of the main board closed higher.
The ASX200 advanced +0.6%, closing at a three-month high, on Tuesday. The index was trading lower into lunchtime before the S&P 500 futures got the proverbial “bit between its teeth,” pushing higher after Japan indicated it’s considering a reduction in bond issuance.
The ASX200 ended flat in a surprisingly quiet session on Monday, considering the market uncertainty around tariffs towards the EU and Apple, plus the recent volatility with the longer-dated bonds.
From the US to Japan, long-term borrowing costs for the world’s biggest economies are surging as investors question governments' ability to cover massive budget deficits.
The ASX 200 retreated on Thursday following a bond-induced weak session on Wall Street; the Dow ultimately closed down over 800 points. However, while the local bond market remains buoyant, following the dovish RBA commentary earlier in the week, with three cuts expected before Christmas, it wasn’t enough to support a market with over 60% of the main board closing lower.
The ASX 200 extended May's advance to +3.2%, taking the index within striking distance of its February all-time high. However, although the market finished up 0.5%, gains were far from broad-based, with over 45% of the ASX200 closing lower.
The ASX200 advanced +0.6% on Tuesday following the 0.25% rate cut by the RBA and a far more dovish outlook from Michele Bullock. Bond yields plunged on commentary about inflation, now within the RBA target band both in terms of the headline rate and the trimmed mean, with RBA forecasts expecting it to stay that way.
Yet again, the “sell in May & go away” catchphrase played out as the myth that the statistics foretold. Although the stellar 3.8% gain was the second-best of the last decade. The most critical point when it comes to considering the seasonality of the ASX200 is to “Keep it Simple, Stupid” (KISS) with our favourite three factors looking forward towards Christmas.
The ASX 200 closed marginally higher on Thursday, and as we enter the last trading day of May, the index is up +3.5% with only the utilities sector dragging the chain. Although it's been a stellar month, yesterday's performance was a touch disappointing considering the global tailwinds.
The ASX 200 failed to build on a strong session on Wall Street, finishing down 0.1% on Wednesday, with weakness in the banks more than offsetting broader buying, as over 55% of the main board closed higher.
The ASX200 advanced +0.6%, closing at a three-month high, on Tuesday. The index was trading lower into lunchtime before the S&P 500 futures got the proverbial “bit between its teeth,” pushing higher after Japan indicated it’s considering a reduction in bond issuance.
The ASX200 ended flat in a surprisingly quiet session on Monday, considering the market uncertainty around tariffs towards the EU and Apple, plus the recent volatility with the longer-dated bonds.
From the US to Japan, long-term borrowing costs for the world’s biggest economies are surging as investors question governments' ability to cover massive budget deficits.
The ASX 200 retreated on Thursday following a bond-induced weak session on Wall Street; the Dow ultimately closed down over 800 points. However, while the local bond market remains buoyant, following the dovish RBA commentary earlier in the week, with three cuts expected before Christmas, it wasn’t enough to support a market with over 60% of the main board closing lower.
The ASX 200 extended May's advance to +3.2%, taking the index within striking distance of its February all-time high. However, although the market finished up 0.5%, gains were far from broad-based, with over 45% of the ASX200 closing lower.
The ASX200 advanced +0.6% on Tuesday following the 0.25% rate cut by the RBA and a far more dovish outlook from Michele Bullock. Bond yields plunged on commentary about inflation, now within the RBA target band both in terms of the headline rate and the trimmed mean, with RBA forecasts expecting it to stay that way.
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