Evening Wrap: ASX 200 slumps as tanty over rate cuts hits tech, discretionary and property, uranium stocks higher

Thump. That’s the sound of Aussie stocks coming back to earth. And most of us would probably say: Well… Duh !

I mean, hands up if you actually thought the Federal Reserve in the US was going to cut rates three times this year? Yeah, just as I thought. Nobody.

But this is what markets do …they get all excited about something (usually interest rate cuts), and then all miserable when reality suddenly sets in.

Oh well…it’s time for your daily dose of reality…so…Let’s dive in! Markets S&P ASX 200 (XJO) Intraday Chart 3 Apr 2024 ASX 200 Session ChartThe S&P/ASX 200 ( XJO ) finished 105.4 points lower at 7,782.5, 1.45% from its session high and just 0.15% from its low. In the broader-based S&P/ASX 300 ( XKO ), advancers beat decliners by 41 to 235.So, it was a sizeable and broad-based move which closed relatively near the low of […]

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