I agree GYG isn't in the 'risk on' class. While there may be initial market euphoria on a Fed .50% cut, in the hours or days that follow market will realise Fed is cutting because US employment is rolling over and they need to stop being so restrictive in monetary policy. If Australian economy rolls over (we are in a per capita GDP recession already!) then discretionary stocks like GYG should also roll over because people likely cut back on expensive take away. This is of course usually at the margins... GYG is such an interesting stock, low float, not making profit, big growth potential, ASX200 inclusion coming up, every fundie and their dog wanting to short, terrible food. Exciting times ahead. Place your bets.
GYG Price at posting:
$39.00 Sentiment: Sell Disclosure: Not Held
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