Michael Thompson

This level has only been touched a few times ever, really.

It's bad news for petrol and diesel prices worldwide.

Particularly in countries like Australia, right?

Because we've got such a high dependence on imports.

We are very reliant on other countries and oil coming from that region.

Adding into the mix, pop it into the mix master, the KitchenAid, hit it with the fear and greed whisk.

We've also got the US Federal Reserve deciding not to cut interest rates in the US.

And what was significant in

there was that three of the Fed officials said the world's most important central bank should shift its bias away from future rate cuts towards a more neutral stance.

That's right.

Sean, the market news back home wasn't particularly great yesterday.

The S&P ASX 200.

I'm trying to be positive about this, but really there isn't much positivity.

It fell for the eighth day in a row.

That's something that the market hasn't done now since 2018.

By the close, the market was off nearly a quarter of a percent to 8,666 points.

It's not a huge drop, but it's

not a good trend, Sean.

Okay.

All right.