My thesis is based on 40 plus years of behavioral finance observations.
When people lose money (including institutions) they pull their funds out.
Not rocket science.
Am not for a minute suggesting the future of markets is a known quantity, but "don't fight the FED" for 20 years of easing down to ZIRP drove markets up. The FED is now on a mission to eradicate inflation Volker style (not A Burns). IMO this inflection point is irreversible and will lead markets down for a protracted period.
Under these conditions, active managers finally get a chance to employ risk managed positions rather than fight with the brainless flow of moey into rules based algorithms.
We can only know the outcome in a few years, so following pips over the next days, weeks or months is of absolutely no interest to me. I am an active investor who has done OK over the years. Just saying.
Hope this clarifies my position for anyone who may be interested (or not).
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Last
$9.53 |
Change
0.380(4.15%) |
Mkt cap ! $1.722B |
Open | High | Low | Value | Volume |
$9.26 | $9.56 | $9.21 | $10.52M | 1.113M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $9.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.55 | 4895 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 9.480 |
2 | 11902 | 9.460 |
1 | 3705 | 9.450 |
1 | 2966 | 9.440 |
1 | 2966 | 9.420 |
Price($) | Vol. | No. |
---|---|---|
9.550 | 4895 | 3 |
9.560 | 31308 | 4 |
9.570 | 5272 | 3 |
9.580 | 23098 | 1 |
9.590 | 2966 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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