Switzer on Saturday

Tricky Trump trade talk teasing the stock market

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
24,737.20
183.96
0.75%
0.12%
S&P 500
2,664.76
22.43
0.85%
-0.22%
NASDAQ
7,164.86
91.40
1.29%
0.11%
ASX 200
5,905.60
39.90
0.68%
0.44%
Data for week commencing 21 January 2019

A surprisingly strong trading session on Friday took the S&P/ASX 200 index to a two-month high of 5905, after rising 39 points (or 0.68%) on the last day of the week. And as Paul Rickard and James Dunn predicted in this Report a few weeks ago, interest rate sensitive stocks are in favour, as bond yields are still on the slide.

However, one income-related stock, AMP, had a shocker, after the company announced the final half-year dividend would be cut from 14 cents to 4 cents to cover ‘fix up’ fees for remedying its past mistakes with customers. The Royal Commission strikes again.