• The ASX fell and gathered itself post the RBA announcement with the index closing down 30 points at 7248 (0.4%). Seems the RBA is not for turning and that helped sentiment. Losses across the board but manageable. Banks weakened with the exception of CBA which rose 0.3% after its Buy back result last week. 
• The Big Bank Basket steady at $169.92. MFG slipped hard down 3.7% with PNI following suit down 3.3%. Miners were mixed, golds firmed, GOR up 7.2%, SBM up 5.2% and SLR up 5.7%. Iron ore miners drifted lower, BHP down 1.1%, FMG off 1.3%. Industrials eased on places, healthcare down, CSL off 0.2% and RMD falling another 2.9%. 
• Energy was a bright spot, WPL up 4.0% and STO up 2.5% but KAR rose 3.1% and BPT up 0.7%. Travel stocks were mixed FLT up 2.0% and WEB off 0.6% with QAN down 1.2%. 
• In the tech space, profit taking was the order of the day, APT fell 5.0% to its lowest level since Square deal announced, 2021 gains in the sector are now gone. APX hit a three-year low down 5% and the All-Tech Index was down 2.6%. In corporate news, QAN is on the verge of a huge fleet renewal order. RBA keeps rates unchanged, and timetable remains the same. 10-year yields rise to 1.51%.

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