ANDIKA BULLETin 3 OCT 2024
Mkts Tread Water waiting for Friday's Payroll's drop and Israel's next Iranian Strike
Strikes (Missiles & Dockworkers) Spark Surge In Oil, Gold, & Bonds; Big-Tech & Bitcoin Battered
Overwhelmed by Strikes from Iranian missiles and American Wharfies US stocks finished in the red.
USD, Gold and Oil went up, while Bitcoin went down.
Bitcoin continued to serve its role as an anti-geopolitical risk asset - dumping every time a MidEast headline hits the Bloomberg terminal (which makes little to no sense to me... but hey I don't have a PhD)...
Buy hey, for now liquidity is all that matters...
...until it doesn't!
Meanwhile USA Sovereign risk is also spiking...
Probably nothing..
Happy Wednesday!
This information contains unsolicited general information only, without regard to any individual’s investment objectives, financial situation or needs. It is not specific advice for any particular investor or trader. Investment in the stock market involves risk.
This information may not take into account your investment objectives or financial situation, and you should obtain advice based on your own individual circumstances before making an investment decision.
This information is made available to you by ANDIKA Pty Ltd ABN 41 117 403 326, a licensed securities and derivatives dealer (AFSL # 297069).
Join 50K+ readers of the no spin Weekly Dose of Common Sense email. It's FREE and published every Wednesday since 2009