If I look at ASX since that surprise good jobless figure, it has been sliding ever since, diverging from US equity. Good news is bad equity news perhaps?
The recent Feds QT/rate rise combo only worked (with equity supporting) until an optimum number and it could be blame on Trump's tariff wars that 'broke the camel's back'. You are not curious on this Repo pump on going? To a layman like myself, it is stealth QE because the Feds Bal Sheet expanded.
US 10Y yield has recovered off the lows and at one point I was suspecting gold would drop continuously which it did until recently. Somehow my unqualified observation suggests to me that QE has obscured all the mechanics of economic theory. The precious commentary among regulators/commentators was all about controlling inflation which has now flipped to stoking growth to create some inflation being a good thing. The evil has suddenly morphed to be the saviour and this is the irony of it!
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