The Overnight Report: Are We There Yet?
Stimulated After tracking lower for the past four sessions, yesterday the ASX200 rebounded to zero out the net losses since last Thursday. Collect $200. The previously sombre mood was brightened by the possibility of US stimulus, as it so often has been this year despite consistent disappointment. More on that below. Financials were not the biggest mover (+0.8%) but waved the flag for stimulus. There’s not a lot of correlation between Us and Them really, except through bond yields. Technology (+2.6%) topped the day as the BNPL sector grows yet another leg. Afterpay ((APT)) rose 4.2% to be c...