Markets have turned bullish because they have decided next move in interest rates is down not because of a booming economy mind you. The US 10yr Bond Yield has nose dived at the same time. You need cheap money to continue to prop up markets and expand bubbles. The Fed indicates three cuts coming in 2024. History and data shows immediately after Fed cuts rates we enter a downturn/recession and expect retail to be holding the bag. Agree risk on but for how long. Dec US Inflation report on Jan. 11, 2024 and Fed meeting January 30-31, 2024. Next 4-6 weeks looks good to make some money here.
Markets have turned bullish because they have decided next move...
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Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $358.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 19.0¢ | 16.8¢ | $917.7K | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 350242 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 554950 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MEI (ASX) Chart |