Markets reacted negatively. NASDAQ is now in correction territory down over 2% on Friday and now far above its early August low. Bitcoin is down $10k in 2 weeks circa drop 17%.
Why one must ask. Well the devil is in the detail. The reason maybe due to significant revisions to prior months NFP figures - eg June is down massively from over 200k to not far above 100k, revisions have been negative for the last 4 months and 6 out of the last 7 and the downward revisions are significant. Private sector NFP for the last 3 months is below 100k and may fall further with further downward revisions, Even July’s poor figure was revised down.
With the sharemarket down a lot I suspect but don’t know the reason POG is down is due to selling gold to make margin calls.
Markets reacted negatively. NASDAQ is now in correction...
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Last
$1.13 |
Change
-0.045(3.83%) |
Mkt cap ! $1.257B | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.19 | $1.13 | $5.563M | 4.797M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 49856 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 57563 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| SPR (ASX) Chart |