Maybe we'll know with the next PCE release on 26th April.
BG guy says it has to do with rate cuts and the PCE is the Fed's preferred measure for inflation. I think it will come in hot again and confirm no rate cuts any time soon.
Then markets will throw a further tanty than they already are in the US. Then Zip will get smashed even more to his first 80c target
ZIP Trader Talk, page-46
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Last
$1.32 |
Change
0.020(1.54%) |
Mkt cap ! $1.481B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.39 | $1.32 | $22.02M | 16.37M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 162940 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 29198 | 3 |
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| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$1.32 |
Change
0.020 ( 1.55 %) |
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| Open | High | Low | Volume | ||
| $1.31 | $1.39 | $1.31 | 6256778 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| ZIP (ASX) Chart |