No lead in from Wall St this morning due to the Memorial Day holiday. Investors took this as an opportunity for some profit taking early in the session before something of an afternoon recovery. The ASX 200 still closed down 0.27%. - a podcast by ausbiz

No lead in from Wall St this morning due to the Memorial Day holiday. Investors took this as an opportunity for some profit taking early in the session before something of an afternoon recovery. The ASX 200 still closed down 0.27%. Higher iron ore prices helped the big miners to a strong day - FMG up 1.74%, RIO up 0.7% and BHP up 0.13%. Energy stocks also performed well. Financials and healthcare were the laggards. Meanwhile, the RBA kept rates on hold. No surprise there, but it seems tapering in July may now be on the cards.

Our top three VODs today are:

Three small caps with opportunity to grow

Jun Bei Liu's three counter consensus calls

Two buys and a sell from a leading contrarian investor

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