Hey mate - appreciate the decent response. Agree on the US investor dollars - that will be a game changer as will a dual listing. Thursday's data IMO will just contain more detail about the main headlines which were published a month ago. Zip wouldn't leave out any great news to release at the end of Jan. I don't think the numbers will disappoint per se, I just think the report won't contain anything not already known about the US roadshow and the SP will correct.
Lol, no it's not. It's a tech stoch man, through and through. I'll show you a bank stock's chart and then I'll show you this. Bank stonks don't pump 130% in a month, or even 5 years.
This comment is actually a little concerning. Shows your misunderstanding of the market... The market HATES increasing interest rate. Hates them. The last time the Fed messed around with the rates, was Q4 2018...
Oct 2018 - CNBC article link - "Jerome Powell of the US Fed declared that “we don’t need” the “really extremely accommodative low interest rates” the central bank put in place a decade ago. The Fed is likely to raise the federal funds rate to 3.4 percent before pausing, according to the most recent projections. Big technology stocks — most well-known as FANG: Facebook, Amazon, Netflix and Google parent Alphabet — were among the hardest hit. Amazon ended the month down 20.2 percent, and Netflix ended down 19.3 percent. Investors fled both after earnings reports. Facebook and Alphabet finished October down 7.7 percent and 9.7 percent, respectively."
As soon as the US 10 Year note yields increase, the Fed ups the cash rates, the major investors move their billions out of the market and back in to the safety of bonds and fixed income products. The stock market falls and if the interest rates have been low enough for long enough, the market corrects 10% or more.
This chart shows the Nassy during the period of the Fed hiking rates. 23% aint no small number...
My most favourite chart - every major US stock market crash predecessed by the Fed hiking the cash rate. Every. Single. One.
Z1P Price at posting:
$11.96 Sentiment: Sell Disclosure: Held
(20min delay)
