...if you expect things to deteriorate, you sell the market in advance
...if you expect things to improve from here, you want to buy the dip
...but the worse part is if you don't know what to expect, but you buy anyway because prices are rising.
...or you hold because you are too scared to do anything Employment dropped 52,800 jobs, jobless holds at 4.1pc
Cecile Lefort
The number: Australian employment shed 52,800 jobs in February, well under expectations of a gain of 30,000, following a jump of 44,000 gain the previous month. The unemployment rate held at 4.1 per cent, as expected. Why it matters: The labour market is a key component of inflation and the Reserve Bank of Australia has noted the surprising resilience of the employment figures after its board meeting last month. What has changed: The RBA last month cut the cash rate to 4.1 per cent, but officials have consistently pushed back on market pricing for more rate cuts this year. Money markets imply at least two more reductions in 2025 and are fully priced for a move in July.
What next: The ABS will release the monthly consumer price index data on Wednesday, March 26.
