CPI numbers due at 11:30 am.
If high, XJO will dip. Will be interesting to see how bank stocks fare, particularly CBA whose P/E is approaching 24.
XJO has opened higher. Perhaps this indicates that insiders know that CPI will not be high. Alternatively, I prefer to think that perhaps so many players have been playing down the possibility of a high CPI reading that many investors have been lulled into thinking that the only direction for the XJO is up. So, I have some shorts in play.
CPI numbers due at 11:30 am.If high, XJO will dip. Will be...
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Last
8,255.6 |
Change
-10.600(0.13%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,266.2 | 8,266.2 | 8,215.8 |
| XJO (ASX) Chart |