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Margaret63

30,230 Posts.

691

08/06/24

12:20

Post #: 74228829
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Originally posted by poyndexter ↑

A big shout out to @debono and @Margaret63 for their unfettered optimism saving my unfettered pessimism from last place last night lol.

At the moment, I am feeling out of touch with how markets react to economic news/reports … because sometimes markets view good as bad, then a few weeks later bad as good, and for added degree of difficulty, sometimes good actually means good and bad actually means bad.

Last night I viewed the blow out jobs report as being a big blow to markets pining for a rate cut … which is what I think finally happened with the muted negative close after initial market bounce likely being relief that recession was not really on the immediate horizon … whilst we are in a holding pattern twixt rate cuts vs recession maybe, markets are simply confused too.

A deft win last night @Papabuy, congratulations … and well done too @Daza888 and @picastoc for stretching your leads thus far in June and best of luck to the both of you for hat tricks come Monday.

Hagwa
Dex

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Morning Dex
Getting 272,000 thousand jobs in May.
Is Awesom
Strongest economy in the world.

We know there's no interest rate cut for awhile.
And the market keeps reacting to it.

Imagine what will happen when there is a rate
Cut......
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