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EPISODE · Oct 29, 2021 · 10 MIN

Banks dragging equities lower as eyes turn to RBA

from The COB from ausbiz

The S&P/ASX200 closed lower Friday, dropping 107 points or 1.4% to 7,324 dragged lower by a late afternoon surge in bond yields, the index crossing below its 50-day moving average. The big banks capitulated and the rest of the market followed, the Top 200 stocks have no shed 1.2% over the last five days, and now sits more than 4% below its 12 month high. The bottom performing stocks on Friday, Unibail-Rodamco-Westfield (URW) and Pointsbet Holdings (PBH) down 6% and 5.2% respectively. Top Three VODs The anatomy of the mini bond bloodbath Down UnderChris on point with his buy, hold, sellMacro, Micro, Crypto: stocks ignore stagflation threats Hosted on Acast. See acast.com/privacy for more information.

The S&P/ASX200 closed lower Friday, dropping 107 points or 1.4% to 7,324 dragged lower by a late afternoon surge in bond yields, the index crossing below its 50-day moving average. The big banks capitulated and the rest of the market followed, the Top 200 stocks have no shed 1.2% over the last five days, and now sits more than 4% below its 12 month high. The bottom performing stocks on Friday, Unibail-Rodamco-Westfield (URW) and Pointsbet Holdings (PBH) down 6% and 5.2% respectively. Top Three VODs The anatomy of the mini bond bloodbath Down UnderChris on point with his buy, hold, sellMacro, Micro, Crypto: stocks ignore stagflation threats Hosted on Acast. See acast.com/privacy for more information.

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Banks dragging equities lower as eyes turn to RBA

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This episode was published on October 29, 2021.

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The S&P/ASX200 closed lower Friday, dropping 107 points or 1.4% to 7,324 dragged lower by a late afternoon surge in bond yields, the index crossing below its 50-day moving average. The big banks capitulated and the rest of the market followed, the...

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