Pretty much in line with what i exepcted, JPowell rallied the market because he knows that what he said earlier this month tanked it.
Glad to see the green but I am still going to be taking my cash position at the end of this month in preparation for some bargains in March/April.
As quoted by JPowell, he expects 2 to 4 meetings to make the decision - and now that data will be baked in to the Nasdaq. If this changes in the future then there will be a sell off.
The main issue is - we have all the data now on interest rate lift off, tapering QE and balance sheet reduction. The risk now is that JPowell changes the narrative due to the changing landscape of inflation, wages and employment.
In other words - can we trust the Fed to make good on what they've told us.....my 2c is no, as history says otherwise.
Appen and the Nasdaq, page-37
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Last
$1.61 |
Change
0.105(6.98%) |
Mkt cap ! $359.1M | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.64 | $1.45 | $20.93M | 13.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2315 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.61 | 72413 | 4 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| APX (ASX) Chart |