My crystal ball is telling me a few things...
Fed speaks tonight in the US about some stuff, including inflation. Next Thursday night, the inflation data is released for the US and should the YoY and MoM inflation rates be larger than consensus (currently 1.6% and 0.3% respectively) then this will cause bonds to be dumped, yields to continue up and a decent retrace in the most puffy, high growth stocks...mainly on the Nasdaq. Banks and miners will do well, but I don't hold them so who cares about that.
I ain't touching Zip until at least next Friday to see how this plays out - peak fear generally occurs before the data is released because reality generally isn't as bad as we predict it will be. So for those who have long term aspirations for Zip, next Thursday morning could be a good opp.
Fun times ahead.
Chart - Z1P, page-6115
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Last
$3.50 |
Change
0.150(4.48%) |
Mkt cap ! $4.569B | |||
| Open | High | Low | Value | Volume |
| $3.43 | $3.53 | $3.30 | $63.34M | 18.40M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 213997 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 148790 | 8 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |