Finspiration Australia.

 12/5/23.  Friday Morning Finspiration Report.

Markets are under a number of pressures.  Reporting season jerks the market around, last night, Disney down 8%, Alphabet up 4%.  Weakness in the Chinese economy.  The looming debt ceiling.  Regional banks still cause concern.  

On the other hand, Bond yields are falling which should be a positive for the market.

Last night, Dow Jones fell, Nasdaq rose.

Dow Jones -0.66%.  SP500 -0.17%.  Nasdaq +0.18%.  Mid Caps -0.65%.  Small Caps -0.69%.  Banks -1.2%.

SP500.

Last night was a narrow-range, inside day showing some intra-day buying.

The Index remains stuck around the 20-Day MA - just sliding sideways in a consolidation movement.

MFI suggests the next move will be to the downside.

Commodities.

Commodities Index -1.72%.  Energy -1.39%.  Base Metals broke below major support, -3.02%.  Agriculture -1.19%.  Gold -0.96%.

None of the above looks healthy for our resources heavy market, but ASX Futures is only down -0.2%.