The local market sold off heavily at the opening as investors reacted to the hotter than expected US inflation print and the prospect of deferred interest rate cuts.

Our Top 3 Videos<a href="https://ausbiz.com.au/media/why-these-stocks-are-on-the-move?videoId=35295&amp;sectionId=1885" rel="noopener noreferrer" target="_blank">Shooting the lights out</a><a href="https://ausbiz.com.au/media/inflation-surprise-and-broker-moves-where-are-markets-heading?videoId=35298" rel="noopener noreferrer" target="_blank">Proof of the pudding</a><a href="https://ausbiz.com.au/media/be-patient-with-new-money?videoId=35300" rel="noopener noreferrer" target="_blank">Sell signals</a>

the COB: rates reality

The local share market picked up where global markets finished on Friday with the S&P/ASX200 closing 0.81% higher at 7,637.

Our Top 3 Videos<a href="https://ausbiz.com.au/media/raymond-has-his-eye-on-this-it-stock?videoId=35547" rel="noopener noreferrer" target="_blank">What's next for NextDC?</a><a href="https://ausbiz.com.au/media/are-tech-stocks-positioned-to-do-well-again?videoId=35544" rel="noopener noreferrer" target="_blank">Going with the flow</a><a href="https://ausbiz.com.au/media/get-macd-?videoId=35548" rel="noopener noreferrer" target="_blank">Fast and furious pop</a>

the COB: who's the Boss?

All sectors finished in the red on Friday taking the S&P/ASX200 index 1.39% lower to 7,575 to be down 0.87% for the shortened week.

Our Top 3 Videos<a href="https://info.ausbiz.com.au/e3t/Ctc/V+113/d14Rjj04/VVLtqx7G88BdW4QKw3p88M7-NW824bMN5dlFNpN6YWdts3lYMRW8wLKSR6lZ3p_W6C3H2m3FHkGhN4nbrdJvRN1_W2D26wq5l4jc7W8YRQL22VkdF7W9lrhc8148fXlW6bJ7mv7tmS-TW49XzCG88sqllN7CbNL_wdYbXW8vxNK92rh2LwVg633D1jPb4CW6Pf_0X12_nvKN6VpphYs48ZtW4Wm4jL7S3km8VCb45634zQkcW4zh-528cf3_bW2BNw_v7F-F-VW2F7BvB4bCpgbN3jp0-ltCNzHW3RTtKy95d_VWN9kG9hzG12rtW7CQX288n9lYSW29QL2N5Gk2rPW86D7h-8dJ17wN1mkWW7zPCSGW4Pg8328tDZmQW7D-N2-1XdLm_W7vD5g63DKP19W2-BFX64wBWn5dnRqDl04" rel="noopener noreferrer" target="_blank">Dream theme</a><a href="https://info.ausbiz.com.au/e3t/Ctc/V+113/d14Rjj04/VVLtqx7G88BdW4QKw3p88M7-NW824bMN5dlFNpN6YWdts3lYMRW8wLKSR6lZ3pJW69G4jb5V-y1ZW7RSBSb3dRz5VW39XD5W6yshndVC-C9780Fc13W68Hhpq3NHPrGW15L1FN8CYhPZW60lVT-5p-BrpW3rvzQ61TntwgW6ssVD55sTsl2N7fPkps7Px3lN3-MPDnz3_J6VwKskJ97dzvzW3VBPVG85jqmnW17b2TY66cLPWW5c_g7L6Z_jVJW1pxp8h8J4MzVW90-xM34lR-PlW6V_J405tMwT8W3YdYwB4bVn6kW4BB-6N1pjw4bW5MLR3p8fhZRVW7wyXny6RzGQ2W2mn30x2h3P9-W3ZZgfp7-y4g2N40HBPdgV7x7W409f5B7CQDG0W1z0H_M3p-c98W3dFM8H3K5fKtf9dcm2004" rel="noopener noreferrer" target="_blank">A clinical move</a><a href="https://info.ausbiz.com.au/e3t/Ctc/V+113/d14Rjj04/VVLtqx7G88BdW4QKw3p88M7-NW824bMN5dlFNpN6YWdtM3lYMRW95jsWP6lZ3lRN4xws63lX2CgW8yZfkH91l9LmF5XkCY8g72fW3pZv4Z52tZp9W9dVPVN6zf9jJW7lPcRL5blhnCW6WjG9n97r19jN1DfKl0yS6TkW2Q6c7Z52YyLtW7NFNXg7QDzbdW6JvPvw3tLxfDVl8l385lPT23W37DNN25mJ_drW2RZFn-4tNVzpW7_dQxT5NNqYFVGq6zv3H8WBtW587P4P5McCGdW4dNNzr5ZmzGQVLHwsN4071v9W2C7VY04DYkLdW8YFjYf9kKVqcW5-Jtpr2D25XxW1ZVW7R5vKWjyVG2-VJ4KrHh0W8vp0W41kPlP9W1CV3zL2023DMV372T76PhhrCW8DZmxv2JVY4PW5njyKx7lM2j0W9gcsC81ZLThyf3V-__T04" rel="noopener noreferrer" target="_blank">ResMed's still rising</a>

the COB: stocks swoon & BHP rejected

The local market opened strongly again today, but that was before the March quarter CPI figures dropped.

Our Top 3 Videos<a href="https://ausbiz.com.au/media/three-buys-from-bell-direct?videoId=35498&amp;sectionId=1908" rel="noopener noreferrer" target="_blank">Like a Boss</a><a href="https://ausbiz.com.au/media/three-buys-from-bell-direct?videoId=35498&amp;sectionId=1908" rel="noopener noreferrer" target="_blank">'Naughty corner' for Kogan</a><a href="https://ausbiz.com.au/media/these-are-the-stocks-to-watch-as-inflation-remains-sticky?videoId=35505&amp;sectionId=1908" rel="noopener noreferrer" target="_blank">High inflation stocks</a>

the COB: sticky inflation

The relief rally continued on the Australian share market today with the S&P/ASX200 finishing 0.45% higher at 7,683.50.

Our Top 3 Videos<a href="https://ausbiz.com.au/media/ord-minnetts-twiceblessed-stock-list?videoId=35482" rel="noopener noreferrer" target="_blank">Twice blessed</a><a href="https://ausbiz.com.au/media/praemium-smallcaps-opportunities-are-aplenti?videoId=35480" rel="noopener noreferrer" target="_blank">'Plenti' of cash</a><a href="https://ausbiz.com.au/media/hot-copper-leads-to-hot-opportunities?videoId=35483" rel="noopener noreferrer" target="_blank">Copper isn't cooling</a>

the COB: repositioning rally

The local share market made a strong comeback today, leaping higher at the open but losing momentum over the course of the session...

Our Top 3 Videos<a href="https://ausbiz.com.au/media/these-utility-and-infrastructure-stocks-are-attractive?videoId=35464" rel="noopener noreferrer" target="_blank">Taking a toll</a><a href="https://ausbiz.com.au/media/infotech-hot-healthcare-cold?videoId=35465" rel="noopener noreferrer" target="_blank">Cold, cold, cold</a><a href="https://ausbiz.com.au/media/what-do-asmls-earnings-reveal-about-ai-chip-demand?videoId=35460" rel="noopener noreferrer" target="_blank">The AI picture</a>

the COB: relief rally

Reports that Israel had launched retaliatory military action against Iran prompted a dramatic response on markets with stocks and bond yields falling, while gold, oil and the US dollar spiked.

Our Top 3 Videos<a href="https://ausbiz.com.au/media/the-cream-on-the-cake-as-copper-runs-hot?videoId=35436" rel="noopener noreferrer" target="_blank">Two-in-One</a><a href="https://ausbiz.com.au/media/a-tin-microcap-you-can-look-at?videoId=35439" rel="noopener noreferrer" target="_blank">Going in on tin</a><a href="https://ausbiz.com.au/media/bhp-starting-to-look-more-attractive-?videoId=35444&amp;sectionId=1885" rel="noopener noreferrer" target="_blank">BHP to bounce?</a>

the COB: oil and gold surge

The S&P/ASX200 recovered some of its recent losses today to end 0.48% higher at 7,642.10. 

Our Top 3 Videos<a href="https://ausbiz.com.au/media/three-small-caps-to-watch?videoId=35417&amp;sectionId=1885" rel="noopener noreferrer" target="_blank">Small cap run rate</a><a href="https://ausbiz.com.au/media/two-small-caps-with-big-catalysts-a-hidden-gem-a-diamond-in-the-rough?videoId=35420" rel="noopener noreferrer" target="_blank">Diamond in the rough</a><a href="https://ausbiz.com.au/media/watch-for-those-precious-metals?videoId=35422" rel="noopener noreferrer" target="_blank">Commodities going crazy</a>

the COB: iron "soar"

The local market attempted a comeback today, but it was a struggle...

Our Top 3 Videos<a href="https://ausbiz.com.au/media/fried-chicken-car-parts-and-aged-care-marc-likes-these-three-small-cap-stocks?videoId=35387" rel="noopener noreferrer" target="_blank">Small and diverse</a><a href="https://ausbiz.com.au/media/has-sell-in-may-and-go-away-come-early?videoId=35389" rel="noopener noreferrer" target="_blank">Break the uptrend</a><a href="https://ausbiz.com.au/media/these-small-cap-stocks-could-continue-to-outperform?videoId=35384" rel="noopener noreferrer" target="_blank">INA bull market?</a>

the COB: Powell pivots again

Institutional investors reduced exposure to crypto investment products last week, as ETF activity dipped to 31% of total volumes last week.

Our Top 3 Videos<a href="https://ausbiz.com.au/media/a-house-in-sydneys-east-why-not-buy-a-smallcap-?videoId=35362" rel="noopener noreferrer" target="_blank">Hot property</a><a href="https://ausbiz.com.au/media/nextdc-trading-beyond-the-covid-bubble?videoId=35365" rel="noopener noreferrer" target="_blank">Rich multiples</a><a href="https://ausbiz.com.au/media/could-the-feds-next-move-be-a-hike-not-a-cut?videoId=35360" rel="noopener noreferrer" target="_blank">Trimming winners</a>

the COB: sea of red

Close your business day with the ausbiz anchors and a wrap of the day&apos;s key stories.

Close your business day with the ausbiz anchors and a wrap of the day's key stories and market movers, as well as our Stock of the Day. Disclaimer: At ausbiz we provide news, information, analysis and commentary. All of this content is general in nature and does not take into account your personal financial situation. The information is not intended as advice and you should not rely on it as such. Before acting on any information you have seen or heard on ausbiz platforms, you should seek independent financial advice, which takes into account your specific circumstances. While we endeavour to ensure that the content you hear in this podcast is reliable, accurate and complete, we cannot guarantee that. You should also be aware that the individuals appearing on ausbiz may have direct holdings in the companies or investments they discuss.

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The COB from ausbiz

the COB: rates reality

More episodes

View all episodes

77. the COB: who's the Boss?

76. the COB: stocks swoon & BHP rejected

75. the COB: sticky inflation

74. the COB: repositioning rally

73. the COB: relief rally

72. the COB: oil and gold surge

71. the COB: iron "soar"

70. the COB: Powell pivots again

69. the COB: sea of red