In the May, I will hold. But will base on the reactions to the policies rolled by the new fed chair and reactions from Mr market.
Afterall, nothing is certain, the market needs to down so that we can replenish our positions [Happy]
Payrolls Triple Forecasts — Why Did Rate-Hike Bets Barely Move?
August payrolls came in at 162,000, nearly 3x the 56,000 consensus and a five-month high; unemployment 4.1%, prior months revised up 55,000. Markets barely moved: hike odds went 50% to 52%, the 10-year up 3bp to 4.79%. Wages explain it: hourly earnings slowed to 3.1% YoY from 3.2%, though the monthly pace ticked back to 0.3%, leaving pricing power in next week's CPI. Equities split: S&P −0.38%, Dow −0.51%, Russell 2000 +0.25%, Microsoft −2.04%. The economy looks sturdier; the longest-duration assets lost their audience first. Trim mega-caps before CPI, or is strong payrolls a floor on its own?
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