Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.73%

7,784.2 s&p/asx 200

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

First 139 Last

Share
Profile

Follow
JohnTip

2,045 Posts.

78

03/02/24

19:22

Post #: 72222717
Share

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.

Expand

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

XJO Value at posting: 7,699.4
5 Upvote

1 Great analysis

Reply

There are more pages in this discussion • 7 more messages in this thread...

First 139 Last

Add XJO (ASX) to my watchlist