Declining bond yields and ongoing dovish remarks from the Fed helped the local market close at its highest level since the pandemic began.

Declining bond yields and ongoing dovish remarks from the Fed helped the local market close at its highest level since the pandemic began. The XJO closed up 0.25%. Gainers were led by IT, helping to reverse some of the weakness seen earlier in the week. Materials and energy were also strong performers boosted by ongoing strength in commodity markets. REITs were the biggest losers after being one of the biggest gainers yesterday, thanks to profit taking and a disappointing update from Unibail-Rodamco-Westfield. Our top three VODs today are:Who needs a thematic when these are such good buys!Andrew is STILL buying these three ETFsShining the spotlight on the automotive sector: why Steve is buying CarsalesWatch us live and free at ausbiz.com.au Hosted on Acast. See acast.com/privacy for more information.