TSX:AX.PR.E - Post by User
Post by
garyreinson Apr 18, 2024 8:59pm
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Post# 35997170
What I find INTERESTING
What I find INTERESTINGThe market last Tuesday most definitely was jockeying into the CPI for a breakout trade, we had 3 very strong rally days and many REITS were sitting somewhat close to their Jan highs, potentially ready to pop and break out.
So that leads me to what I find interesting- if we got a 0.2 CPI figure, we rally hard and June cuts remain in tacct.
But we got what 0.3 or 0.4, I still havent looked under the hood, and now no cuts are priced in and 2 year at 5%- virtually 1 or 2 cuts after 2 years. brutal
Why did the market do such a 180 on expectations based on *one months data.
Everyone needs to close their eyes while Biden with his magic erased shows us a 0-0.2% increase. Life carries on!