End of Day Report – Monday 8 September: ASX down in a quiet session

The ASX 200 has finished the day down 22 points or 0.2%, trading in a narrow session as expected after not much of a US lead. Banks down, Resources slightly down. Technology stayed on top from midday. WTC, XRO gaining. 360, DDR and CAT best. Nasdaq futures slightly higher boosting sentiment. Health Care the only other sector to gain. CSL in the early stages of a V-shaped bounce. TLX staying in firm downtrend. The bottom not yet in sight. 4DX closing up 50%. Bringing the weekly move to 200% on more good news. REITs flat on the surface yet GDP and MGR managed modest gains. The sector as a whole not bouncing despite the 4.5bp drop in bond yields since Friday’s close. Citi has said only to expect one more RBA rate cut this year.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.