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Market Index - Friday Evening Wrap

The S&P/ASX 200 closed 84.2 points lower, down 1.08%.

Last week's 65.4 point gain has been more than compensated for by this week's 86.8 decline.
Back to earth came base and precious metals stocks, and more specifically, today, the interest rate sensitives.
Ironically it was significantly better than expected data on the US economy which drove today's losses.
That's not a misprint, as in significantly better than expected.
But, as stupid as it sounds, a bunch of people who are a lot smarter than us, and who have more money than us interpreted this as bad because it might delay their cherished interest rate cuts. By about a whole month...
Anyways, I don't make people buy and sell they way they do so don't shoot the messenger...
Let's dive in!

[URL unfurl="true"]https://www.marketindex.com.au/news/evening-wrap-asx-200-slumps-on-us-rates-tantrum-mixed-bag-for-miners-as[/URL]

<blockquote data-quote="debtfree" data-source="post: 1280408" data-attributes="member: 20158">Market Index - Friday Evening WrapThe S&amp;P/ASX 200 closed 84.2 points lower, down 1.08%.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; Last week&#039;s 65.4 point gain has been more than compensated for by this week&#039;s 86.8 decline.Back to earth came base and precious metals stocks, and more specifically, today, the interest rate sensitives.Ironically it was significantly better than expected data on the US economy which drove today&#039;s losses.That&#039;s not a misprint, as in significantly better than expected.But, as stupid as it sounds, a bunch of people who are a lot smarter than us, and who have more money than us interpreted this as bad because it might delay their cherished interest rate cuts. By about a whole month...Anyways, I don&#039;t make people buy and sell they way they do so don&#039;t shoot the messenger...Let&#039;s dive in![URL unfurl=&quot;true&quot;]https://www.marketindex.com.au/news/evening-wrap-asx-200-slumps-on-us-rates-tantrum-mixed-bag-for-miners-as[/URL]</blockquote>

[QUOTE="debtfree, post: 1280408, member: 20158"] Market Index - Friday Evening Wrap [B]The S&P/ASX 200 closed 84.2 points lower, down 1.08%.[/B] Last week's 65.4 point gain has been more than compensated for by this week's 86.8 decline. Back to earth came base and precious metals stocks, and more specifically, today, the interest rate sensitives. Ironically it was significantly better than expected data on the US economy which drove today's losses. That's not a misprint, as in [I]significantly [/I]better than expected. But, as stupid as it sounds, a bunch of people who are a lot smarter than us, and who have more money than us interpreted this as bad because it might delay their cherished interest rate cuts. By about a whole month... Anyways, I don't make people buy and sell they way they do so don't shoot the messenger... [B]Let's dive in![/B] [URL unfurl="true"]https://www.marketindex.com.au/news/evening-wrap-asx-200-slumps-on-us-rates-tantrum-mixed-bag-for-miners-as[/URL] [/QUOTE]

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