Switzer on Saturday

Except for the Royal Commission, our market problems are external

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
25,413.22
123.95
0.49%
-2.22%
S&P 500
2,736.27
6.07
0.22%
-1.61%
NASDAQ
7,247.87
-11.16
-0.15%
-2.15%
ASX 200
5,730.60
-5.40
-0.09%
-3.23%
Data for week commencing 12 November 2018

We’ve had a shocker on the stock market this week, with the AFR telling us we’ve lost $54 billion in market cap off our top 200 Aussie companies. I know it felt bad but the final score was a 191-point loss on the S&P/ASX 200 index, which means we copped a 3.2% sell off and I want to know on what?

Seriously, after a great week of economic data on jobs, wages, consumer confidence, business conditions and even petrol prices, you’d think we could’ve had a reasonable tale to tell. But no, and I blame overseas issues, with Donald Trump’s trade war drama topping the list.

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