June has a reputation for being tough for markets. Perhaps we’re seeing that already. The local market sat in negative territory throughout the day with investors showing little willingness to take on risk. Perhaps it was caution ahead of tomorrow’s US jobs report or renewed hawkish rhetoric from central bankers. Maybe it was concern about the chaos in Australia’s east coast energy market. Pick your poison. Most sectors finished in the red. Technology, telecommunications and healthcare shed more than 1.5%. Financials, industrials, staples and REITs didn’t fare much better, sliding 1% or more. The S&P/ASX 200 fell 0.8%, giving back 58.1 points to close at 7175.9.

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