Bonds, blue chips and border tensions 🅱️

Geopolitical risks are back in the spotlight, sending investors back to blue chips and the bond market. However, as oil marches towards $100bbl the next obvious play was energy, with WPL and STO up 3% in the first few minutes of trade and closed nearly 4% higher. Today’s other risk-off thematic was pile into Aussie goldies, with most household names up at least 6% by end of day. Torn between lower bond yields and a poor Nasdaq lead, the tech sector was unremarkable. Some company reports shot the lights out, such as JB Hi-Fi closing up over 5%, while investors were somewhat lukewarm on carsales.com, closing flat on the day. Supply constraints impacted Boral’s update, and it closed down nearly 2%. With the top 20 again leading the way higher, the S&P/ASX200 closed up 27 points or 0.4%.

Our top three VODs:

Seeking a margin of safety in valuations

The option to tame inflation that nobody's talking about

carsales.com zooming into profit

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