EPISODE · Sep 17, 2020 · 13 MIN
Don't fight the Fed! The local bourse reversed yesterday's gains today, with the ASX 200 closing down 1.2%...
from The COB from ausbiz
Don't fight the Fed! The local bourse reversed yesterday's gains today, with the ASX 200 closing down 1.2%. Tech took a hit, as did many of the key cyclicals. Jerome Powell's comments that interest rates would remain at zero until at least 2023 with a long and choppy road to recovery ahead put the pressure squarely back on Congress to fund the recovery. S&P futures are down around 1% as the stimulus saga wears on. Our top three VODs today:Marcus Padley: "I wish I'd never heard of the banks quite honestly"Plenti CEO: No profit yet but $55m IPO will help us get thereYield and growth don't need to be mutually exclusive - you can have it all! Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Don't fight the Fed! The local bourse reversed yesterday's gains today, with the ASX 200 closing down 1.2%. Tech took a hit, as did many of the key cyclicals. Jerome Powell's comments that interest rates would remain at zero until at least 2023 with a long and choppy road to recovery ahead put the pressure squarely back on Congress to fund the recovery. S&P futures are down around 1% as the stimulus saga wears on. Our top three VODs today:Marcus Padley: "I wish I'd never heard of the banks quite honestly"Plenti CEO: No profit yet but $55m IPO will help us get thereYield and growth don't need to be mutually exclusive - you can have it all! Hosted on Acast. See acast.com/privacy for more information.
NOW PLAYING
Don't fight the Fed! The local bourse reversed yesterday's gains today, with the ASX 200 closing down 1.2%...
No transcript for this episode yet
Similar Episodes
Mar 26, 2026 ·1m
Mar 19, 2026 ·34m
Feb 18, 2026 ·11m
Feb 11, 2026 ·45m