Don't fight the Fed! The local bourse reversed yesterday's gains today, with the ASX 200 closing down 1.2%... episode artwork

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.

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.

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Don't fight the Fed! The local bourse reversed yesterday's gains today, with the ASX 200 closing down 1.2%...

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This episode was published on September 17, 2020.

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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...

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