Pre-Market Pulse 4th October – DOW turns negative for 2023 as bond yields continue to march higher
The DOW turned negative for the year as data showing surprise strength in the labor market,
October 2023
Closing Bell 3rd October: RBA Holds Steady Markets Navigate Inflation and Interest Rates
The RBA maintains a 4.1% cash rate amidst rising inflation concerns, prompting bond yields to ease and the sharemarket to hover near a six-month low.
Alpha Portfolio Recommendation: Sell- Paladin Energy Ltd (PDN)
General market risk-off, global bond yields have reach new multi-year high causing a sell off in risky assets.
Pre-Market Pulse 3rd October – Rising rate hike expectations cap equities gains
Equites gave back initial gains from the US govt averting a shutdown until Treasury yields were pushed higher by growing expectations for another Federal Reserve interest rate hike