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After a risk-defying four-day winning streak, the threat of a turbulent weekend scared investors into taking some cash off the table. Paladin saw the biggest loss, closing down more than 15%, as a fire at a Ukraine nuclear facility dampened appetite for uranium. The tech sector was heavy, closing down well over 1%. Commodity futures were upbeat for iron ore, nickel and coal, but this didn't translate to local equities. In contrast, defensive portfolios fled to gold - with the usual suspects Silver Lake, Perseus and Gold Road filling up the top five. US non-farm payrolls are out tonight and headline risk remains high over Mardi Gras weekend, the ASX/S&P200 closed down 40 points or 0.57%.
Our top three VODs:
It's a bear market: sell US equities
Conway's Fri-yay buy, hold, sell
Three Friday buys
Hosted on Acast. See acast.com/privacy for more information.
After a risk-defying four-day winning streak, the threat of a turbulent weekend scared investors into taking some cash off the table. Paladin saw the biggest loss, closing down more than 15%, as a fire at a Ukraine nuclear facility dampened appetite for uranium. The tech sector was heavy, closing down well over 1%. Commodity futures were upbeat for iron ore, nickel and coal, but this didn't translate to local equities. In contrast, defensive portfolios fled to gold - with the usual suspects Silver Lake, Perseus and Gold Road filling up the top five. US non-farm payrolls are out tonight and headline risk remains high over Mardi Gras weekend, the ASX/S&P200 closed down 40 points or 0.57%.
Our top three VODs:
It's a bear market: sell US equities
Conway's Fri-yay buy, hold, sell
Three Friday buys
Hosted on Acast. See acast.com/privacy for more information.
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