Normal
The XAO fell in follow up to the Dow falling. The Dow fell because the US jobs report was better than expected. Because the jobs report was better than expected, the market made the leap that interest rates would rise. I suspect that the reality is more likely to be a scenario where the Fed takes the position that "What we are doing is working. Lets continue to do this a bit longer".In my humble opinion there is unlikely to be any change in the US official interest rates for another two (2) quarters if not longer. I suspect that the US market adjustment yesterday is more likely to reverse tomorrow or in the next few days, than it is to continue down. Our market will follow suite and today (in hindsight) will probably prove to have been an opportunity to buy. I could be wrong. I often am. Its' what makes the market challenging. good luck .
The XAO fell in follow up to the Dow falling. The Dow fell because the US jobs report was better than expected. Because the jobs report was better than expected, the market made the leap that interest rates would rise. I suspect that the reality is more likely to be a scenario where the Fed takes the position that "What we are doing is working. Lets continue to do this a bit longer".
In my humble opinion there is unlikely to be any change in the US official interest rates for another two (2) quarters if not longer. I suspect that the US market adjustment yesterday is more likely to reverse tomorrow or in the next few days, than it is to continue down. Our market will follow suite and today (in hindsight) will probably prove to have been an opportunity to buy. I could be wrong. I often am. Its' what makes the market challenging. good luck .
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