4/10/22. ASX Today - Whooshka!!.
XJO up today a massive +3.75%. The ASX felt the impetus of two strong forces today. First, the U.S. stocks and commodities are an exceptional night, then the RBA raised interest rates by less than expected. The expectation was for 50 basis points, but the result today was only 25 basis points.
Of the two hundred XJO stocks today, only one was down and 199 were up - an extra-ordinary result.
XXJ (Financials) up 4.2% and XMJ up +4.5%. Those are the two biggest sectors in our market. XIJ (Information Technology) +4.9%. The weakest sector was Health, still up strongly +1.9%.
Today's action looks like a short-covering rally which should last for a few days.
I won't be able to do a report tomorrow morning.
Good luck and stay safe.
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