Sean Aylmer
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Appearances Over Time
Podcast Appearances
Yes.
I mean, it started lower and then rose all day and right at the last, jumped pretty sharply.
It was a day for defensive stocks, though.
In fact, it's been a week for defensive stocks.
Woolies and Coles were both up again yesterday.
Those two companies are up more than 8% in the past week.
Consumer discretionary stocks also did well yesterday, as did the property companies.
CSL?
One of those companies that really has had a shocking time of it recently.
Well, it's benefited from this whole shift to defensive positioning.
It's up more than 10% over the past week.
Yesterday was better for the big banks.
The big miners were mixed by the close.
The S&P ASX 200 was trading, well, heading towards 8,650 points.
That's right.
So the US dollar is stronger and that's hurt the local unit.
But the Aussie is also lower against a bunch of other countries.
That story is mostly about weaker commodity prices.
So in recent sessions, the Aussie is down against the euro, against the Chinese yuan.
I wonder who's going to China soon and interested in that one.