fed just saying during there press conference repo operations not changing until april now.
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fed just saying during there press conference repo operations not changing until april now.
nasty night on US markets so far
the month of january has been turned on its head due to corona virus most likely. after looking like a great month mid month % wise us markets are on verge of posting negative january month except the nasdaq.
safe haven buying is evident with the 10 yr , utilities and gold both up % wise for the month
barometers to future gdp growth have declined during january with oil , copper and the flattening of the yield curve on some parts and inversion in others again signalling possible slower growth ahead.
mentioned in december US stock market was at risk of a fall in january due to overbrought levels guess the corona virus was the catalyst for the correction we are now experiencing. how long it lasts or goes probably be totally dependant on how long or how big the virus goes i guess.
NZ and Aus stock markets had boomer mths except virus affected industries , so be interesting how they trade in feb. asx and nz seasonally normally has have a good feb probably due to dividend chasing i reckon. but with a wild card virus out there who knows these things can sometimes throw spanners in the works.
prudence is my answer.
next week we have china re - opening on monday looks like a 8 - 9% fall will happen at this stage.
also in the us markets iowa bernie sanders result worth watching
and of course the virus needs to be watched if it keeps going up cant be good
Bull...agree, its good to be prudent and manage risk. Good post.
weekend futures implying a big fall in us stocks for monday already at this stage
4 weeks away till ATM results, a long time if the market gets a panic. No-one wants anyone being bug crushed, though I expect a gap down open tomorrow, could even look to close the gap at 13.15 in next few days. A2M will lead the way, but ATM still has a couple of hours to thrash around before ASX opens.
The futures closed implying very little about Monday. The -560 is the futures reflecting Friday's fall not an extra fall etc. hard to say what the market will do Monday.
The he biggest problem is trusting China's numbers which seem very controlled with about 45 deaths and 2,000 new cases each of the last 3 days. Seems a bit too convenient.