Post by
garyreins on Feb 06, 2024 11:06am
$4.64
Crazy this is the SP we get with the narrative changing to cuts and a strategic review that likely will sell at least 1b in assets.
Comment by
HomerAndCompany on Feb 07, 2024 7:41am
This steep drop in the SP coincided a sudden reversal in the interest rate momentum on US$ 10 year treasury notes taking them from under 3.9% to well over 4.1% in a day or two. I think there is fear that the decline in interest rates that began in October last year might be over and even reversing due to strong economic data in the US.