Don't know much about ALG kanga other than beware the 'crabber', some of these 'over the cliff' plays after dusting themselves off can go sideways for a long time, sitting on my own version with NUF. (IMO FA very positive)
View attachment 4649833OT, the market herald disturbed me this morning, 1st time I've read a target mentioned with the Fed cash rate raising cycle, brings in the 'asset class' argument to the detriment of TINA, in my mind 3 wasn't going to cut it but a cash rate with a 4 in front of it brings in even the humble fixed interest account as an attractive 'anchor' for billions of dollars for global super accounts, not saying the big super funds will go 100% IBD but only needs 20% or so to initiate next leg down, no opinion just something for the forum to ponder, quote below.
Overnight, Cleveland Fed President said official rates would need to rise above 4 per cent and remain there for some time to control inflation. The current range is 2.25-2.5 per cent.
“My current view is that it will be necessary to move the fed funds rate up to somewhat above 4 percent by early next year and hold it there; I do not anticipate the Fed cutting the fed funds rate target next year,” Mester told a chamber of commerce in Ohio.I will beware the crab!! Thank you
