8/3/23. Finspiration Wednesday Evening Report.
From The Australian.
U.S. Markets down overnight - XJO followed down today.
XJO down today -0.77%, after J. Powell snatched away the punch-bowl just as we were getting ready to dive in.
Today's candle is a bearish engulfing candle pulling down from the 20Day MA and the 50Day MA. Not a good look.
Trading has begun in Europe and, so far, Europe has avoided a knee-jerk reaction like Australia. Euro STOXX600 down just -0.2%. German DAX is up marginally, +0.04%. Japanese Nikkei was up +0.4% today.
Only two sectors were up today, both defensives, Health +0.3% and Telecommunications +0.2%.
The worst performer was Energy -4.2%. That was impacted by Woodside going ex-dividend. WDS was down -7.2%.
BHP was down -0.63% today in Australia. In London after ninety minutes of trading this evening BHP is up +1%. If that is an indication, our market should recover some ground tomorrow.
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