No its because the first rate cut is usually a sell the news event during stagflation. They have a slowing economy, rising unemployment (confiemed again last night) and persisting inflation. This is the same as the 1970s stagflation. When the rate cuts started ( due to poor economic conditions, not that they got inflation under control) the stock market crashed and gold and silver ran.
No its because the first rate cut is usually a sell the news...
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $43.11M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $67.43K | 494.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 209853 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 857 | 1 |
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| Last trade - 11.52am 02/08/2024 (20 minute delay) ? |
| LRV (ASX) Chart |