I thought I should put my money where my mouth is and buy some more today. I got in at 46.5c. It didn't take long to hit 44.5c.
The DOW Futures were around 200 Red then. About 35 as I write this. The US 10 Yr Bond yields continued to fall today, which made me feel better. The US Fed still has about US$750b in its General A/C to keep up the Bond buying. This may give them some ammo for maybe 6 months.
The FTSE and DAX are down a bit early. The Nikkei was down over 4% before recovering a bit to just over 3%.
Freight costs have been rocketing as world trade powers after the Pandemic disruption.
The world keeps turning.
After friday nights fall, I'm sure there are some out there worried about another Black Monday, especially when you see charts like this one, from a month ago:
Let us hope those US inflation numbers are indeed transitory. They cause negative real yields. April and Mays numbers were expected, so it is hoped the June numbers will show improvement. They are due around 12Jul21.
The fall in the SVY share price over the past 3 weeks is on small volume, so I doubt its on anything Company related other than delays and uncertainty. Exacerbated by doubts about world markets, I reckon.
If this is tax loss realisation related selling, then those people are likely to want to re enter at some time.
