Friday 7th June, 2024, page-42

A big shout out to @debono and @Margaret63 for their unfettered optimism saving my unfettered pessimism from last place last night lol.

At the moment, I am feeling out of touch with how markets react to economic news/reports … because sometimes markets view good as bad, then a few weeks later bad as good, and for added degree of difficulty, sometimes good actually means good and bad actually means bad.

Last night I viewed the blow out jobs report as being a big blow to markets pining for a rate cut … which is what I think finally happened with the muted negative close after initial market bounce likely being relief that recession was not really on the immediate horizon … whilst we are in a holding pattern twixt rate cuts vs recession maybe, markets are simply confused too.

A deft win last night @Papabuy, congratulations … and well done too @Daza888 and @picastoc for stretching your leads thus far in June and best of luck to the both of you for hat tricks come Monday.

Hagwa
Dex