Black Monday

[Entrep]

https://twitter.com/tuurdemeester/st...52177159467009

CleanShot 2023-08-01 at 14.48.25.png

[Daytr]

https://twitter.com/tuurdemeester/st...52177159467009

CleanShot 2023-08-01 at 14.48.25.png

Plenty have called the end of Japan, including me, due to its burden of debt.
Got to happen at some stage but guessing when is not easy.

[Bobdn]

Would be good to see a crash. Any body else in boring old ETFs getting tired of winning day after day after day?

It loses all meaning after awhile.

I see Mzy (Australian mid caps) is just a few cents off ATHs *yawn*.

This is starting to feel less and less like a bear market every passing day.

[Azz]

........................

[Daytr]

Fitch downgrades the US.

https://www.cnbc.com/2023/08/01/fitc...-from-aaa.html

[winner69]

I agree with my mate Michael Reddell re latest labour data -

Nothing much in the labour market data to suggest that monetary policy has yet got much traction in lowering core inflation.

Increasingly hard to see why a central bank that was seriously interested in a prompt return of inflation to target would not have been raising the OCR further, rather than expressing "confidence" (based on nothing specific or observable) that they had done enough already.

[Daytr]

I agree with my mate Michael Reddell re latest labour data -

Nothing much in the labour market data to suggest that monetary policy has yet got much traction in lowering core inflation.

Increasingly hard to see why a central bank that was seriously interested in a prompt return of inflation to target would not have been raising the OCR further, rather than expressing "confidence" (based on nothing specific or observable) that they had done enough already.

Probably because debt levels are too high.
US downgrade should be good for gold imo.

[Habits]

I agree with my mate Michael Reddell re latest labour data -

Nothing much in the labour market data to suggest that monetary policy has yet got much traction in lowering core inflation.

Increasingly hard to see why a central bank that was seriously interested in a prompt return of inflation to target would not have been raising the OCR further, rather than expressing "confidence" (based on nothing specific or observable) that they had done enough already.

Even though most of the inflation was due to lack of supply, you want to cause businesses to retreat further

[Valuegrowth]

Both commodity and stock markets are more fragile than we think. Consumer defensive stocks are making move.

[Valuegrowth]

Not a good day for global chip stocks.

https://www.cnbc.com/2023/08/02/amd-...ip-stocks.html