TSX:AX.PR.E - Post by User
Post by
DZtraderon Oct 06, 2023 9:20am
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Post# 35672809
Buckle up!
Buckle up!
Can't say I saw that coming. Jobs report was a little on the robust side. Futures flipped and look headed down a bit. Ten year looks like it wants to take a run at 5. I truly do hate when good news turns into bad news. I can imagine the talking heads will be out with higher for longer but I still remain in the camp that there will be no more rate hikes via the Fed. I am already seeing a narrative that this will have been the last strong jobs report for some time. I would assume tech is going to get the brunt of this as the rest of the market is trading at a "reasonable" multiple but is still going to see pressure here. Is a nice intraday reversal to the upside just a fairy tale here..................sadly likely yes! Good luck and hold on tight.
DZ