TSX:AX.PR.E - Post by User
Post by
DZtraderon Aug 05, 2024 8:37am
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Post# 36164329
What a day for CAD markets to be closed
What a day for CAD markets to be closed Sounds crazy but would prefer CAD markets to be open today and take this punch. Yes the carry trade along with Tech is being unwound. Market screaming for emergency Fed cut which won't happen in my opinion. As noted earlier,far be it for markets to get ahead of themselves. Screaming WILL get louder though. All that (hard to have kept) dry powder smiling back right now. Going to start dipping my toes into the long awaited carnage. Yeilds are dropping like a stone and yeild curve could uninvert today. I am curious to see how reits react. This amount of selling is going to sink most everything, question for reits how much how long. Glad to have held back Friday.