Switzer on Saturday

Too many screwballs tossing curve balls at the stock market!

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
25,444.34
64.89
0.26%
0.41%
S&P 500
2,767.78
-1.00
-0.04%
0.02%
NASDAQ
7,449.03
-36.11
-0.48%
-0.64%
ASX 200
5,939.49
-2.92
-0.05%
0.74%
Data for week commencing 15 October 2018

If you had to guess, would you have expected our stock market to actually rise over the week? Yep, we were up 43.8 points (or 0.7%) on the S&P/ASX 200 index, to close out at 5939.5. And we can thank financial stocks, which did OK, considering the pressure they’ve been under since the Royal Commission took aim.

Have a look at these results, which make me happy, as I did tip to you that they look over-beaten up. CBA was up 1.3%, Westpac 1.5%, and what about AMP putting on 6.2%! When I suggested recently that this was one for the speculators, Paul Rickard reminded me of that great British TV show Yes Minister, saying to me: “Brave decision, Minister!”

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