Mid-terms start tomorrow in the US. History has shown the market rallies following mid-terms (6 months post), not because of the result per se but because the certainty it brings. Be interesting to see if this plays out this year
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Yes so much going on. It's a lot of fun watching all this stuff. Thank god for the internet.
RBNZ keep a close eye on the.2 year number …but Orr doesn’t have much incentive to do much about it for a few years now.
survey of expectations they do -
Inflation expectations
One year ahead: 5.08% (Prev: 4.86%)
Two years ahead: 3.62% (Prev: 3.07%)
Five years ahead: 2.44% (Prev: 2.33%)
Ten years ahead: 2.18% (Prev: 2.13%)
A good Governer would becworried ….OCR heading over 5% …maybe to 6%
Crypto is getting dumped. Copper, gold, silver, platinum are ripping.
Revenge of the old economy.
NZ heading the way of turkey ? 84 % inflation
'60% of the way to wage-price spiral and hyperinflation Armageddon,' economist says
https://www.stuff.co.nz/business/130...economist-says
bit of a crypto panic happening , probably flow onto equities i reckon
crypto carnage continues weighing on stock indices today.
tomorrow biggie.
cpi data and maybe us midterm results
inflation data not to far away , implied volatility on the release is high esp if its hot
wow massive reaction to that print , nasdaq jumped nearly 3% in like 2 mins lol