ASX 200 belted on further rate cut delay woes, gold stocks smashed, uranium stocks soar
Investors are once again fretting they're not going to get they're much anticipated interest rate cuts as soon as they would wish.
%20Intraday%20Chart%2001%20May%202024.png)
A dismal day on the Aussie share market for all but one tiny sub-sector.
Why was everything else so bad? Investors are once again fretting they're not going to get they're much anticipated interest rate cuts as soon as they would wish.
And the "as soon as they would wish" part is getting drawn out and out – quite possibly no longer in 2024 😭.
It wasn't all doom and gloom, however. There was a warm radioactive glow coming from ASX uranium stocks which exploded higher on as many as four possible reasons.
To learn about these reasons, and the best and worst of today's market gyrations...
Let's dive in!
>>Access today's full Evening Wrap from Market Index<<
Please note that as of Monday 6th May, 2024, we will no longer be posting the Evening Wrap onto the Livewire Markets website. If you would like to continue reading the Evening Wrap, we would encourage you to view this on Market Index and signup to the free daily email so you can receive it straight to your inbox.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
........
Investing is risky. Inevitably you will endure losses. If you can't cope with losing, don't invest.
5 topics
11 stocks mentioned
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Comments
Comments
Sign In or Join Free to comment