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clock Created with Sketch. 23/06/22
15:57
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Originally posted by Edson:
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I am not a day trader but agree that we are in a "risk off" environment while interest rates go up. Today looks like one of those days oil, copper & crypto down 3-4% & equities down 2-3%. Markets are going through a painful repricing of risk as central banks are forced to use interest rates to jawbone down inflation. Naturally all equities in the past month have been hurt.
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Just as you stated its all there in black and white. The current trend is not going to affect what we are doing or where we end up. The economy does as it does. The smoke will clear and KAR will be closer to the their game. 5 to 6 month is a short investment time and picking up a trade at these prices is sure to be a winner.
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