Don't fight the Fed! The local bourse reversed yesterday's gains today, with the ASX 200 closing down 1.2%...

Don't fight the Fed! The local bourse reversed yesterday's gains today, with the ASX 200 closing down 1.2%. Tech took a hit, as did many of the key cyclicals. Jerome Powell's comments that interest rates would remain at zero until at least 2023 with a long and choppy road to recovery ahead put the pressure squarely back on Congress to fund the recovery. S&P futures are down around 1% as the stimulus saga wears on. Our top three VODs today:

Marcus Padley: "I wish I'd never heard of the banks quite honestly"

Plenti CEO: No profit yet but $55m IPO will help us get there

Yield and growth don't need to be mutually exclusive - you can have it all!



 

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