Post by
Clarke123 on Oct 04, 2022 12:32am
BoE, BoJ and RBA
After last week's U-turn by BoE, ferocious defence by BoJ of its currency, RBA surprised the market tonight by hiking only 25bps where 50bps was widely accepted.
Three central banks that aren't that hawkish anymore. Is the wind changing for BoC and Fed as well?
Time to load up stocks given the seasonality of fourth quarter, and these changing winds?
Comment by
flamingogold on Oct 04, 2022 10:14am
I believe the CPI number next week will set the stage whether this rally is sustainable. As long as the number is dropping then the FED is winning and a green light to buy. Meanwhile, this week should be good and so I am dipping in on some overly beaten up equities.