ASX 200 soars on global risk-on, lack of big stick from RBA, uranium stocks rip again

The RBA spared the rod (and spoiled us children), and Uranium stocks had a ripper day...Again!
Carl Capolingua

Livewire Markets

The S&P/ASX 200 closed 110.9 points higher, up 1.44%.
The S&P/ASX 200 closed 110.9 points higher, up 1.44%.

Sell in May and go away?

Historically, this hasn't been a crazy thing for investors to do. Today's stonking gain could be the start of the rally that presents you with the big opportunity to do just that – so you might want to pay extra special attention from here.

The RBA spared the rod (and spoiled us children), and Uranium stocks had a ripper day...Again!

Let's dive in!

>>Access today's full Evening Wrap from Market Index<<


Please note that as of Monday 13th May, 2024, we will no longer be posting the Evening Wrap onto the Livewire Markets website. If you would like to continue reading the Evening Wrap, we would encourage you to view this on Market Index and signup to the free daily email so you can receive it straight to your inbox.

........
Investing is risky. Inevitably you will endure losses. If you can't cope with losing, don't invest.

Carl Capolingua
Content Editor
Livewire Markets

Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment