Red alert šŸšØšŸšØšŸšØ

No sugarcoating today; it was blood in the streets, falling knives hitting the pavement, baby out with the bathwater, choose your poison.Ā The S&P/ASX200 posted its most significant two-day per cent decline since June 2020. Plenty of corporate news dropped early, but even good news was swamped in the negative sentiment. The sell-off gathered momentum after the shock inflation print, with core inflatoin at an eight-year high of 2.7% and rate hikes brought forward by even the dovish of doves.Ā Takeover talk was confirmed by Zip and Sezzle, although only Sezzle closed higher +8%. Codanā€™s ripped higher +16% after flagging it will post a record first half result. Thinning trade ahead of tomorrowā€™s holiday likely didnā€™t help, and more wine is needed for Australia Day, thatā€™s for sure. Letā€™s end there, the S&P/ASX200 falling to 6961 or -2.5%.


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