CommSec Market Update

Market Close 10 Oct 25: Miners drag ASX to weekly loss

10 Oct 2025

Contributed by Lukas

Despite more green shoots than red across the market, the ASX 200 couldn’t keep its momentum, slipping for a fourth time in five sessions. A 2% ...

Morning Report 10 Oct 25: ASX to fall as Wall Street rally stalls

09 Oct 2025

Contributed by Lukas

Wall Street pulled back from record highs with the S&P 500 facing another heat check as the rally faltered. Albemarle shares rose after a broker u...

Market Close 09 Oct 25: Miners hit best level in history

09 Oct 2025

Contributed by Lukas

The Aussie market managed its first lift of the week, though momentum was modest and buyer enthusiasm remained subdued. The ASX200 edged higher despit...

Morning Report 09 Oct 25: Tech buyers step in to fuel Wall Street rally

08 Oct 2025

Contributed by Lukas

Wall Street looked past government shutdown worries, with the S&P 500 and Nasdaq hitting fresh record highs. Technology led the charge, boosted by...

Market Close 08 Oct 25: Gold rises to key milestone

08 Oct 2025

Contributed by Lukas

The ASX200 edged lower, down about 0.1 % and marking a third consecutive losing session. Weakness came from tech, retail and telco stocks, while ene...

Morning Report 08 Oct 25: ASX to slip as Wall Street rally loses momentum

07 Oct 2025

Contributed by Lukas

US stocks paused their record-breaking run as Oracle shares slid on reports its cloud margins were weaker than expected. Trilogy Metals jumped after t...

Market Close 07 Oct 25: Aussie stocks tread water near record highs

07 Oct 2025

Contributed by Lukas

ASX200 down ~1.4% as markets stay cautious amid US government shutdown and mixed tech news. Gold miners lead gains, with Greatland Resources +10% and ...

Morning Report 07 Oct 25: Stocks rise as chipmakers surge after AMD deal

06 Oct 2025

Contributed by Lukas

Wall Street shook off an unsteady start to close higher, led by a powerful rally in chipmakers after AMD announced a new chip deal with OpenAI. Financ...

Market Close 06 Oct 25: Bitcoin and gold surge to record highs

06 Oct 2025

Contributed by Lukas

The Aussie market started the holiday-shortened week quietly, trading with lighter volumes but briefly topping 9,000 points for the first time in six ...

Morning Report 06 Oct 25: Rate cut hopes sustain Wall Street amid government shutdown

05 Oct 2025

Contributed by Lukas

Wall Street ended the week on a mixed footing as the government shutdown entered its third day. Healthcare led the gains, with pharma stocks rising fo...

Market Close 03 Oct 25: Best week since early May for ASX

03 Oct 2025

Contributed by Lukas

The Aussie share market finished the week strongly, up 0.5% on Friday and 2.3% across the week, marking its best weekly performance since early May. T...

Morning Report 03 Oct 25: Tech stock buyers emerge as shutdown extends

02 Oct 2025

Contributed by Lukas

Stocks closed at record highs as investors shrugged off concerns about the government shutdown. Technology remained in focus with OpenAI’s valua...

Market Close 02 Oct 25: Gold fuels ASX one-month high

02 Oct 2025

Contributed by Lukas

The ASX200 rose 1.2% to a one-month high, edging closer to 9,000 points in a broad rally led by gold, banks and healthcare. Gold miners surged as pric...

Morning Report 02 Oct 25: Healthcare pushes stocks to record highs

01 Oct 2025

Contributed by Lukas

 Join Tom and Ryan as they discuss the week ahead in Aussie and global markets. US stocks hit fresh record highs despite the government shutdown,...

Market Close 01 Oct 25: Aussie Market flat as US government shuts down

01 Oct 2025

Contributed by Lukas

The ASX200 slipped only a few points, staying near flat after a 1.4 % September loss and an 8 % YTD gain. Drivers were the first US government shu...

Morning Report 01 Oct 25: Stocks end strong quarter with moderate gains

30 Sep 2025

Contributed by Lukas

 Join Tom and Ryan as they discuss the week ahead in Aussie and global markets. US markets closed the quarter with modest gains despite concerns ...

Market Close 30 Sep 25: Gold miners buoy ASX as RBA holds rates

30 Sep 2025

Contributed by Lukas

The ASX200 slipped about 0.2 % in the final September session, erasing most of the month’s 1.3 % fall. Materials led, with gold miners s...

Morning Report 30 Sep 25: US stocks hold small gains as shutdown worries linger

29 Sep 2025

Contributed by Lukas

 Join Tom and Ryan as they discuss the week ahead in Aussie and global markets. Tech stocks led Wall Street higher as investors weighed the risk ...

Market Close 29 Sep 25: A third day of gains ahead of RBA decision

29 Sep 2025

Contributed by Lukas

The ASX200 jumped about 0.85% on Monday, extending a three‑day winning streak driven by strong gains in the big four banks and a surge in gold miner...

Morning Report 29 Sep 25: Latest inflation data ends Wall Street’s losing streak

28 Sep 2025

Contributed by Lukas

Wall Street ended a three-day losing streak after the latest inflation report, with the Fed’s preferred measure of inflation coming in line with...

Market Close 26 Sep 25: Trump tariff threats rattle healthcare stocks

26 Sep 2025

Contributed by Lukas

The ASX200 closed modestly higher on Friday, up about 0.08% and breaking a three‑week losing streak, while September remains down roughly 2%. St...

Morning Report 26 Sep 25: S&P 500 posts longest losing streak in a month

25 Sep 2025

Contributed by Lukas

Wall Street retreated for a third straight session as stronger growth figures cast doubt on the likelihood of a November rate cut. The US economy reco...

Market Close 25 Sep 25: Commodities boost miners as dividends roll in

25 Sep 2025

Contributed by Lukas

The ASX200 ended Thursday more or less flat after a choppy session, with mining and energy stocks leading gains on stronger oil and copper prices. Woo...

Morning Report 25 Sep 25: Wall Street calls time out as rally wanes

24 Sep 2025

Contributed by Lukas

Wall Street lost ground for a second straight day as investors took a breather, with chipmakers falling on a weak outlook from Micron Technology. Else...

Market Close 24 Sep 25: Worst Day in 3 Weeks for Aussie Stocks

24 Sep 2025

Contributed by Lukas

The ASX200 suffered its worst day in three weeks, falling 1% as August inflation came in hotter than expected at 3% annually. Higher electricity bills...

Morning Report 24 Sep 25: Magnificent 7 stocks sink 1.5%

23 Sep 2025

Contributed by Lukas

Wall Street hit pause after a record-breaking run, with tech stocks under pressure as Fed Chair Jerome Powell gave no hint on future rate moves. Nvidi...

Market Close 23 Sep 25: Local market's winning streak extends to a 3rd day

23 Sep 2025

Contributed by Lukas

Steve welcomes listeners to a Tuesday lift, as the ASX200 gains about 0.4 %. Mining and banks lead gains, while tech lags and consumer staples lose....

Morning Report 23 Sep 25: Rate cut hopes drive Wall Street to record highs

22 Sep 2025

Contributed by Lukas

Technology stocks led Wall Street to fresh record highs on expectations of two more rate cuts from the Fed this year. Nvidia also hit a record after u...

Market Close 22 Sep 25: A Cautious Move Higher for Aussie Stocks

22 Sep 2025

Contributed by Lukas

The ASX200 rose 0.4% on Monday, marking a second straight gain, though momentum faded through the afternoon. Mining stocks led the advance, with iron ...

Morning Report 22 Sep 25: A trifecta of records for the Dow, Nasdaq and S&P 500

21 Sep 2025

Contributed by Lukas

Wall Street sailed to fresh record highs, lifted by the prospect of more rate cuts. Technology stocks led the charge as Oracle rose 4% while FedEx gai...

Market Close 19 Sep 25: Third weekly slump for ASX

19 Sep 2025

Contributed by Lukas

The ASX200 lifted modestly on Friday but not enough to prevent a third straight weekly loss, with the index slipping about 1% across five sessions. De...

Morning Report 19 Sep 25: US equities hit record highs after Fed’s rate cut

18 Sep 2025

Contributed by Lukas

Wall Street indexes notched record highs, led by Intel’s surge on news of a stake in Nvidia. The Russell 2000 small-cap index also climbed to it...

Market Close 18 Sep 25: Santos takeover collapse weighs on market

18 Sep 2025

Contributed by Lukas

Australian shares extended losses on Thursday, with the ASX200 down 0.8%. Energy stocks were the hardest hit after Santos tumbled nearly 12% on news a...

Morning Report 18 Sep 25: Fed cuts rates by 0.25%

17 Sep 2025

Contributed by Lukas

Wall Street ended mixed in choppy trade after the Federal Reserve cut rates and signalled a cautious path for further easing. Fed Chair Jerome Powell ...

Market Close 17 Sep 25: Largest fall in 2 weeks for Aussie stocks

17 Sep 2025

Contributed by Lukas

The Aussie market stumbled to its weakest performance in a fortnight, with the ASX200 closing firmly lower and now sitting about 3% shy of record high...

Morning Report 17 Sep 25: Stocks halt record-breaking rally in Fed countdown

16 Sep 2025

Contributed by Lukas

Wall Street pulled back slightly, with the S&P 500 easing from record highs as traders look ahead to the Federal Reserve’s rate decision. Fr...

Market Close 16 Sep 25: ASX edges higher on mining strength

16 Sep 2025

Contributed by Lukas

Australian shares recovered modestly on Tuesday, with the ASX200 up about 0.25% as strength in energy, uranium and gold miners outweighed declines in ...

Morning Report 16 Sep 25: Tesla jumps as Elon Musk makes historic purchase

15 Sep 2025

Contributed by Lukas

Wall Street has started the week on the front foot, as Elon Musk’s $1 billion purchase of Tesla shares sent the stock sharply higher. The S&...

Market Close 15 Sep 25: Gold stocks retreat from record highs

15 Sep 2025

Contributed by Lukas

The ASX200 started the week slightly lower, easing less than 0.2% despite soft Chinese economic data and a mixed US lead. Lithium and uranium miners t...

Morning Report 15 Sep 25: Wall Street wavers as Fed decision looms

14 Sep 2025

Contributed by Lukas

Wall Street posted weekly gains, thanks to some resilience from the Nasdaq, though U.S. equities lost ground in the final hours of trade as investors ...

Market Close 12 Sep 25: Strongest lift in over a week for Aussie stocks

12 Sep 2025

Contributed by Lukas

Aussie stocks have posted their best lift today since last Thursday, as Steve recounts the session that saw the ASX making up for the modest moves low...

Morning Report 12 Sep 25: Dow Jones closes up 600 points, setting record high

11 Sep 2025

Contributed by Lukas

Wall Street surged to fresh record highs as investors bet a Federal Reserve rate cut is all but certain. US core CPI rose in line with expectations, k...

Market Close 11 Sep 25: Aussie market slides for a third time this week

11 Sep 2025

Contributed by Lukas

The Aussie market has slid for a third time this week.  Steve discusses this session which reversed the small gains of Wednesday and discusses th...

Morning Report 11 Sep 25: Wall Street hits record highs on Oracle AI optimism

10 Sep 2025

Contributed by Lukas

The S&P 500 and Nasdaq climbed to fresh record highs after U.S. wholesale prices fell. Bond yields also slipped on the softer PPI data, adding to ...

Market Close 10 Sep 25: Worst day of 2025 for lithium stocks

10 Sep 2025

Contributed by Lukas

The ASX200 rose by a third of a percent, its first gain of the week, supported by banks after yesterday’s job cut announcements at ANZ and NAB. ...

Morning Report 10 Sep 25: US share markets hit record highs despite job worries

09 Sep 2025

Contributed by Lukas

Wall Street closed at record highs despite lingering economic concerns, as US payrolls were revised down by record levels. Additionally, Treasuries sn...

Market Close 09 Sep 25: Aussie stocks dip for a second day

09 Sep 2025

Contributed by Lukas

The Aussie market has fallen again today marking a poor start for September following the multitude of record highs in August.  Steve joins to di...

Morning Report 09 Sep 25: Nasdaq hits record high as traders focus on rate cuts

08 Sep 2025

Contributed by Lukas

Wall Street managed to stay afloat as falling long-term interest rates offset signs of weakening consumer confidence, which weighed on labour market e...

Market Close 08 Sep 25: Energy stocks drag as ASX dips

08 Sep 2025

Contributed by Lukas

The ASX200 slipped a quarter of a percent as energy stocks weighed, following weaker oil prices and an OPEC+ decision to lift output. Tech, healthcare...

Morning Report 08 Sep 25: Wall Street slumps on job concerns

07 Sep 2025

Contributed by Lukas

US stocks fell as concerns over a weakening job market weighed on sentiment, with unemployment rising to its highest level in four years. Long-term in...

Market Close 05 Sep 25: Strong end to a shaky start to the month

05 Sep 2025

Contributed by Lukas

It has been a challenging and volatile week, but the market has improved for a second day following the 4-day losing streak.  Steve reflects on t...

Morning Report 05 Sep 25: S&P 500 hits all-time high before US jobs report

04 Sep 2025

Contributed by Lukas

Promising rate-cut expectations pushed Wall Street to fresh record highs, as weaker jobs data, including softer private payrolls, fueled hopes of the ...

Market Close 04 Sep 25: Aussie stocks bounce back with a 1% lift

04 Sep 2025

Contributed by Lukas

The market has rebounded today for the best day in around two weeks marking the end of a four-session losing streak.  US jobs data played a part ...

Morning Report 04 Sep 25: Stocks and bonds rise as weak job ads fuel Fed bets

03 Sep 2025

Contributed by Lukas

Wall Street consolidated overnight, buoyed by rising hopes of interest rate cuts as signs of weakness in the job market shaped expectations. In compan...

Market Close 03 Sep 25: Worst day in five months for Aussie stocks

03 Sep 2025

Contributed by Lukas

The ASX200 tumbled 1.9% on Wednesday, marking its worst day in five months and extending a four-day losing streak. Faster-than-expected local economic...

Morning Report 03 Sep 25: Stocks join bond rout after US holiday weekend

02 Sep 2025

Contributed by Lukas

Wall Street stumbled into September, with US stocks falling as a ruling on Trump-era tariffs added to uncertainty. Bond market turbulence persisted as...

Market Close 02 Sep 25: The Aussie market hits a two-week low

02 Sep 2025

Contributed by Lukas

The Aussie market was under some pressure today following a subdued performance possibly led by the US market being closed for a public holiday. ...

Morning Report 02 Sep 25: Stocks rebound modestly as testing month begins

01 Sep 2025

Contributed by Lukas

With US markets shut for the Labor Day holiday, trading across the Northern Hemisphere was subdued. Still, Eurozone stocks closed higher on a defence ...

Market Close 01 Sep 25: Rough start to September for Aussie stocks

01 Sep 2025

Contributed by Lukas

The Aussie market kicked off September on the back foot, with the ASX200 slipping to a two-week low as tech stocks dragged and major banks fell. Gold ...

Morning Report 01 Sep 25: Wall Street ends lower as investors weigh latest inflation figures

31 Aug 2025

Contributed by Lukas

US stocks retreated as investors weighed the latest inflation figures. Data showed US spending rose at the fastest pace in four months, while core inf...

Market Close 29 Aug 25: ASX200 hits 10 record highs in August

29 Aug 2025

Contributed by Lukas

It has been a quiet end to the week and month for the Aussie market fresh off a barrage of record highs throughout August.  Steve breaks down the...

Morning Report 29 Aug 25: S&P 500 tops 6,500 on solid US economic data

28 Aug 2025

Contributed by Lukas

Wall Street climbed to fresh record highs overnight, with the S&P 500 hitting a new peak as Nvidia’s results fuelled the AI-driven rally. St...

Market Close 28 Aug 25: Aussie stocks edge higher in huge day for results

28 Aug 2025

Contributed by Lukas

The market has remained mostly flat across this week despite some sizable intra-day swings.  Steve discusses Nvidia’s results which were re...

Morning Report 28 Aug 25: Wall Street hits new records ahead of Nvidia earnings

27 Aug 2025

Contributed by Lukas

Wall Street closed at new record highs, with investors now digesting fresh earnings from Nvidia, though the stock slipped after its data centre revenu...

Market Close 27 Aug 25: Earnings spark wild swings and inflation surprises

27 Aug 2025

Contributed by Lukas

The ASX200 edged higher on Wednesday despite hotter-than-expected inflation numbers dampening near-term rate cut hopes, while Woolworths sank 14% on w...

Morning Report 27 Aug 25: US shares rise and bond yields fall on Fed independence concerns

26 Aug 2025

Contributed by Lukas

Wall Street eked out modest gains overnight, led by industrials, as Donald Trump’s renewed attacks on the Federal Reserve reignited concerns ove...

Market Close 26 Aug 25: Coles and Woolies keep losses to a minimum

26 Aug 2025

Contributed by Lukas

The market has taken a much-needed breather today falling slightly following the recent run of record highs seen in nine of the past twelve trading se...

Morning Report 26 Aug 25: Wall Street ends lower as investors focus on Nvidia and the Fed

25 Aug 2025

Contributed by Lukas

Wall Street ended lower as investors digested the hangover from the Jackson Hole symposium over the weekend. Stocks pulled back, halting their Fed-fue...

Market Close 25 Aug 25: ASX steadies as results season heats up

25 Aug 2025

Contributed by Lukas

The ASX200 edged higher on Monday, briefly hitting its ninth record in 11 sessions before slipping back below 9,000. Resource stocks rose on stronger ...

Morning Report 25 Aug 25: Surge in buying pushes Wall Street to new record highs on Fed signal

24 Aug 2025

Contributed by Lukas

Wall Street surged to fresh record highs after the Jackson Hole symposium, with Fed Chair Jerome Powell hinting at the prospect of lower interest rate...

Market Close 22 Aug 25: Markets take pause following record highs

22 Aug 2025

Contributed by Lukas

The Aussie market eased on Friday, snapping its run of record highs as the ASX 200 slipped around half a percent to just under 9,000 points. Healthcar...

Morning Report 22 Aug 25: US stock slide deepens before Powell speech

21 Aug 2025

Contributed by Lukas

US stocks slumped overnight with the S&P 500 posting its fifth straight losing day and as investors count down the hours to Jackson Hole. US Treas...

Market Close 21 Aug 25: Another milestone for Aussie stocks

21 Aug 2025

Contributed by Lukas

The Aussie market has hit another milestone today showcasing the best performance in a couple of weeks, with a number of stocks growing by more than 1...

Morning Report 21 Aug 25: Tech-led slide continues after Fed minutes

20 Aug 2025

Contributed by Lukas

US markets retreated as investors digested the latest Fed minutes, which reinforced the central bank’s focus on taming inflation. Treasuries ext...

Market Close 20 Aug 25: ASX 200 closing in on 9000 points

20 Aug 2025

Contributed by Lukas

The ASX 200 ended modestly higher after a choppy session, with investors digesting profit results and awaiting a key speech from US Fed Chair Jerome P...

Morning Report 20 Aug 25: Nvidia leads tech summer slide

19 Aug 2025

Contributed by Lukas

Wall Street closed lower overnight as jitters ahead of Jackson Hole and a tech-led slide disrupted the summer calm. In company news, Home Depot report...

Market Close 19 Aug 25: The largest fall on record for CSL shares

19 Aug 2025

Contributed by Lukas

One stock accounted for almost of the declines across the ASX today.  Steve joins the podcast to reflect on the end to the recent winning streak ...

Morning Report 19 Aug 25: Bank stocks gain on rate cut outlook

18 Aug 2025

Contributed by Lukas

Wall Street held steady as investors brace for the Jackson Hole Symposium, while the US dollar climbed as Donald Trump hosted talks on Ukraine. Elsewh...

Morning Report 18 Aug 25: Cautious investors look ahead to Jackson Hole

17 Aug 2025

Contributed by Lukas

Wall Street eased from record highs as investors turned cautious ahead of the Jackson Hole Symposium. Meanwhile, UnitedHealth experienced a double-dig...

Market Close 15 Aug 25: Longest run of record highs in over a decade

15 Aug 2025

Contributed by Lukas

The record high streak has continued for the Aussie market as it has now hit all-time best levels for 5 consecutive days.  Steve reflects on a we...

Morning Report 15 Aug 25: Stock rally hits a wall as US inflation picks up

14 Aug 2025

Contributed by Lukas

US stocks pulled back from record highs as investors digested fresh inflation data, with Treasuries sliding after wholesale price figures dented expec...

Market Close 14 Aug 25: Four days of record highs

14 Aug 2025

Contributed by Lukas

The market has bounced back impressively today following the modest declines of yesterday and marking four sessions of setting record highs.  Ste...

Morning Report 14 Aug 25: Stocks and bonds climb on Fed cut hopes

13 Aug 2025

Contributed by Lukas

Wall Street scaled new record highs overnight as investors continued to anticipate interest rate cuts and with small-cap stocks outperforming their la...

Market Close 13 Aug 25: Profit results weigh on ASX200

13 Aug 2025

Contributed by Lukas

The ASX200 slipped around half a percent despite briefly touching a third straight all-time high at the open, with more winners than losers overall bu...

Morning Report 13 Aug 25: US inflation fuels bets that Fed will cut rates

12 Aug 2025

Contributed by Lukas

Wall Street surged to new record highs as investors celebrated subdued goods inflation, with two-year US Treasury yields falling after the release of ...

Market Close 12 Aug 25: Rate cut drives ASX200 to a fresh record

12 Aug 2025

Contributed by Lukas

It has been an interesting day for the Aussie market as the session got off to a timid start.  Steve joins us to reflect on the performance which...

Morning Report 12 Aug 25: Stocks stall ahead of inflation report

11 Aug 2025

Contributed by Lukas

Wall Street gave up early gains as investors turned cautious ahead of key U.S. inflation data. Micron shares surged on a profit upgrade, while Hershey...

Market Close 11 Aug 25: Record highs ahead of RBA decision

11 Aug 2025

Contributed by Lukas

The Aussie market kicked off the week on a positive note, with the ASX200 touching another record high before settling about a third of a percent high...

Morning Report 11 Aug 25: Rate cut outlook pushes Wall Street to new record highs

10 Aug 2025

Contributed by Lukas

Wall Street shook off growth and trade concerns to close at new record highs, with the tech sector leading gains. The S&P 500 notched its 18th rec...

Market Close 08 Aug 25: Aussie stocks slide for a second day

08 Aug 2025

Contributed by Lukas

The market has slipped slightly today marking two days of declines but still remains up overall across the month.  Steve is solo today to reflect...

Morning Report 08 Aug 25: Stocks halt rally as weak bond sales lift yields

07 Aug 2025

Contributed by Lukas

Wall Street closed lower as rising rates and weak bond demand pressured markets. Treasury yields rose after soft bond auction results, dragging equiti...

Market Close 07 Aug 25: Retailers jump ahead of Aussie rate cut

07 Aug 2025

Contributed by Lukas

Following the record-breaking session yesterday, the market seems to have taken a breather today.  Laura and Stevie reflect on the session, and t...

Morning Report 07 Aug 25: US markets close higher as Apple shares rally

06 Aug 2025

Contributed by Lukas

Wall Street rebounded overnight as investors digested a wave of corporate earnings. Apple helped lift the Nasdaq, boosted by optimism around increased...

Market Close 06 Aug 25: New highs unlocked for Aussie market

06 Aug 2025

Contributed by Lukas

Aussie stocks cracked fresh record highs today, with the ASX 200 lifting past 8,800 points for the first time ever. Markets are buoyed by optimism aro...

Morning Report 06 Aug 25: US stocks fall as services flash warning signals

05 Aug 2025

Contributed by Lukas

Wall Street ended lower overnight, surrendering early gains as investors weighed fresh signs of ‘stagflation’. In corporate news, Caterpil...

Market Close 05 Aug 25: A whisker away from record high

05 Aug 2025

Contributed by Lukas

It has been the best day in two weeks for the Aussie market as it once again neared a record high.  Laura and Stevie reflect on this session that...

Morning Report 05 Aug 25: Dip buying drives S&P 500 to best day since May

04 Aug 2025

Contributed by Lukas

Wall Street notched its best day since May, with the S&P 500 jumping 1.5% as weaker US payrolls boosted hopes for rate cuts. Investors took the so...

Market Close 04 Aug 25: Gold stocks sparkle as market treads water

04 Aug 2025

Contributed by Lukas

A quiet start to the week on the Aussie market as a bank holiday in NSW keeps trade light, but gold miners shine as the price of the precious metal su...

Morning Report 04 Aug 25: Wall Street slumps as growth concerns haunt investors

03 Aug 2025

Contributed by Lukas

Wall Street ended the week sharply lower, dragged down by weak economic data and renewed concerns over U.S. growth. July’s jobs report disappoin...

Market Close 01 Aug 25: Markets react to tariff deadline

01 Aug 2025

Contributed by Lukas

The long-awaited tariff deadline has landed today, and the market has dropped in response.  This decline has wiped out the gains from prior in th...