Not quite. Jobs data was only released in the last hour or so, and turned futures upwards. There’s a balancing act between ‘strong economy, no recession’ and ‘too hot economy, rate rises to oblivion’ playing out. Seems this data may have been goldilocks. Or maybe the US market still shits itself later today.
Today on the ASX was basically market makers tearing big chunks of capital out of the market in response to Silicon Valley Bank facing some potential liquidity troubles. One of those days.
General Comments / Chat, page-6794
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