So another week ends with another decline.
Today we expect data from the US labour market. The result, unfortunately negative, exceeded by up to twice the expectations of economists who had estimated the creation of 170 000 jobs. However, the data pointed to a figure of up to 330 thousand jobs. 🤔
What this shows - that the resilience of the labor market may further pressure the Fed to keep interest rates high for longer or even raise them further. Great, succinct description in his post https://bulios.com/status/125725
Personally, although I see a big drop in my portfolio over the last two months and have made some gradual purchases, I'm going to take a break now at least until Oct 12 when CPI results are in and then buy the dips again. 😊 And how do you view the current situation?