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DXY up with yields as jobs were strong and 6 rate cuts are not...

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JohnTip

2,027 Posts.

77

03/02/24

19:22

Post #: 72222717
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Originally posted by Launched: ↑

It's a tricky market to trade and I'm seeing a lot of pros who I genuinely respect getting it wrong atm.

Last night for example we had red hot NFP, banking issues coming the fore, Apple down, VIX up, DXY up and markets ripping higher despite all of that.

On top of that we have war brewing in the Middle East and oil trading like a recession is already here.

I have no problem telling you that this is not my favourite time with so many correlated markets throwing curve balls.

I'm short banks but if they don't turn around soon (by mid April) then I'll have to wear that.

Apart from that I think I'll sit on my hands instead of take any bigger swings.

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DXY up with yields as jobs were strong and 6 rate cuts are not happening, but market didnt respond as Friday was a typical earnings rush for retail gamblers

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