Just another meandering Monday ↘️

The market opened well and traded in a sea of green, but as the oil price rose and US futures fell (and no prime rate cut from China) the red started to creep back in across the screens. Tech led early gains as aggressive front-end rate hikes ironically drag down long-end yields, in turn boosting growth stocks. Block jumped 9%, and the info tech sector ended 2.5% higher. CSL dragged down the healthcare sector, while the entire gold complex closed lower. The wooden spoon went to De Grey Mining as gold lost its luster, closing down over 7%. Magellan Financial was hit as Hamish Douglass stepped away from the board. If investors love central bank-speak there are around 30 opportunities to tune in, otherwise it’s a quiet one for market leads. No wonder the S&P/ASX200 closed slightly lower on the day down 0.2%.

Our top 3 VODS:

Three lithium stocks as a rising tide lifts all boats

"Closer to four than two"

The jury's still out on China

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