Markets are forward looking. Markets are a BS detector. Markets saying that Fed can’t hike much more as economy is already in recession.
Biden and Co recently been trying to change the definition of what a recession is. This is because they want to tame inflation. And hiking into a recession to with the mid term election this year is political suicide for the Dems. Everybody laughing at them.
To sum up- the Fed is already wavering. And rates have barely moved off lows relatively speaking to historical levels.
Very bullish for risk assets. BUT traditionally the day after FOMC is weak so we’ll see tonight. If not…. Fireworks as data shows most institutions are heavily under invested.
Iron ore price, page-46516
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Last
$27.35 |
Change
0.335(1.24%) |
Mkt cap ! $84.14B | |||
| Open | High | Low | Value | Volume |
| $27.64 | $27.67 | $27.15 | $35.08M | 1.278M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2573 | $27.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.35 | 1093 | 6 |
View Market Depth
| Last trade - 11.52am 22/05/2024 (20 minute delay) ? |
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Last
$27.47 |
Change
0.335 ( 2.01 %) |
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| Open | High | Low | Volume | ||
| $27.64 | $27.66 | $27.16 | 267246 | ||
| Last updated 12.09pm 22/05/2024 ? | |||||
| FMG (ASX) Chart |