The private payrolls figures last night were actually much lower than expected, which could translate into unemployment growing, which is a worry. But as you pointed out, it might not be that bad afterall. Tonight's figures are key.
But we know that on an overall level, US might not see a recession or even if it does it will be just a mild or technical recession. Unemployment wont be 8%, nor there will be deep contraction for 2 consecutive months. Interest rates cuts will only acceletae from now on, which will bring a lot of inflows of $$ to investment funds.
An auction driven market results in stocks being sentimentally overbought or oversold all the time. The same seems to be happening with GQG. FUM could be a good indicator, but the idiots are not in a rush to release them this month
The private payrolls figures last night were actually much lower...
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Last
$2.65 |
Change
0.090(3.52%) |
Mkt cap ! $7.826B | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.69 | $2.57 | $5.765M | 2.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8459 | $2.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 3636 | 2 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| GQG (ASX) Chart |