off the lows now though but indices are in a clear short term sideways pattern now so need to watch which way it breaks. things might get choppy anyway as US elections come into focus so probably a time to be cautious.
I see inflation, lots of it and policies like low interest rates designed to drive it higher. Just not inflation for the for the large chunk of NZ without assets.
I would like to see deflation.
I see it too. Not sure where deflation would come from. Despite being told over the last few years a lack of inflation is worrying, it is difficult to think of anything that hasnt gone up in price or shrunk in size (in many cases both) by at least 10% in the same timeframe. Perhaps the basket of goods needs reconfiguring, I havent looked in years but perhaps air tickets and flat screen TVs are in there dragging down the CPI. Many prices have bumped up even in the last few months.
statistically this week is a bad week for equities with only 25% of the time the week after quad witching stocks rising
On the week after, the indexes have historically seen declines with average losses of -1.03%, -1.10% and -1.24% for the Dow, S&P 500 and NASDAQ respectively
statistically this week is a bad week for equities with only 25% of the time the week after quad witching stocks rising
On the week after, the indexes have historically seen declines with average losses of -1.03%, -1.10% and -1.24% for the Dow, S&P 500 and NASDAQ respectively
final fed meeting this week before the US election so this will add to a interesting week shaping up from a technical standpoint also. watching 3330 on the s&p500 and the quarterly bars
we have the breakdown from the range today , bearish
Originally Posted by Hoop
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