QUOTE(Joblessjack @ Aug 5 2024, 12:05 PM)
Is Malaysia stock market reacted more than it should have?
I feel there are 2 reasons for the USA stock market was in deep red
1) Unemployment data is bad then expected so market reacted sharply for those unemployment data. But this is also a indication for Fed for their Sep review. Fed almost confirmed for 25 basis points reduction but i feel it should be more than 25 basis points to improve job market in USA.
2) Japanese pull back from US Markets: From last 30years JP Markets didn't see any high and most of their money went to US markets(amount in trillions of Dollars). And currently Yen is under tremendous pressure and it is declining like there is no end. So Japan central bank increase interest rates to 0.25% which has stopped the Yen fall. So Japanese started pulling money back but at the same time the unemployment data read caused a bit of panic and pulled more money out of US markets.
Because of these 2 (as per my view) they are in sharp decalin but Malaysia doesn't have this JP effect yet Malaysia markets declining sharply.
May be right time to pick the right stock for long.
recession comingI feel there are 2 reasons for the USA stock market was in deep red
1) Unemployment data is bad then expected so market reacted sharply for those unemployment data. But this is also a indication for Fed for their Sep review. Fed almost confirmed for 25 basis points reduction but i feel it should be more than 25 basis points to improve job market in USA.
2) Japanese pull back from US Markets: From last 30years JP Markets didn't see any high and most of their money went to US markets(amount in trillions of Dollars). And currently Yen is under tremendous pressure and it is declining like there is no end. So Japan central bank increase interest rates to 0.25% which has stopped the Yen fall. So Japanese started pulling money back but at the same time the unemployment data read caused a bit of panic and pulled more money out of US markets.
Because of these 2 (as per my view) they are in sharp decalin but Malaysia doesn't have this JP effect yet Malaysia markets declining sharply.
May be right time to pick the right stock for long.
Aug 5 2024, 12:18 PM

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