What is going on today? - Megathread

This dip gonna last to 2030-35 at 10%+ fed funds.

Anyone smell it yet?

Funny you should say that as i saw someone on cnbc talking about bonds and interest rates saying there is a good chance we could go to 7% and if that happens he wouldnt be surprised if went to 13%!!! And if the usa does that then we are going to follow or be worse

Let’s hope not. Although an extreme example we had 17% interest rates in the late 70’s so it’s not unheard of to see much higher rates.

Martin Lewis just on the radio saying low interest rates are historically a anomaly and it is highly unlikely they will go that low again in his lifetime.
https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp

Rishi speaks : My portfolio plummets. Coincidence?

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Likely
I say likely
interest rates are commonly believed to be going to sit in the 5.5 - 6.5 % range for the foreseeable. (1 more hike inevitably soon).

There is no prospect of lower, but there is no reason to anticipate 7% and certainly not 13% :rofl:

All subject to change of course.

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Kinda confusing freetrade saying 49.27 then 49.23 then 49.20 but everywhere else is saying 49.37 etc?

Doesn’t seem a 15 min delay on freetrade for rio tinto I had a limit order on but I cancled it because I’m guessing it’s going to dip further beyond 49.20 I had this limit order set 3 days ago

So FT says the lowest the price has been for rio is 49.18 and all other places are saying 49.30? That’s a big diff so who’s right

Guessing my limit order would of triggered of I had not cancled but just checking as I wouldn’t mind a lower buy in but now it’s rising again bleh lol

It’s gonna be way higher bruv, you’re being led on by clowns.

From what I understand guys in logistics are tearing the hair out because inflation is way more insane that is for your average Joe blogs on the street.

Oil at almost $100.

either USA invades a oil country, or rates go to the moon, or both.

Rest assured, global inflation is still hot and it isn’t going anywhere.

You can’t offer some of the largest industries in the world of 40% payrise and expect it not to contribute to future inflation for the people of Britain.

Of course that’s happening with almost every Union, globally, at the same time because of inflation.

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Saying it for quite a while now even when interest rates were at zero percent.

Check the bottom of the page under data source. For UK stocks where the data source is CBOE it will be updated every few seconds with now 15 minute delay, compared to those which list “LSE 15 minute delayed”. Chances are that you were looking a source where the price is delayed by 15 minutes, so in this instance likely that FT was showing a more up to date price.

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We will see
i dont see it , subject to change of course.

We live in a world of narrative economics and we’ll probably going to see how the narrative can change very swiftly.

Ahh not sure Tbh I can’t see the source I’m looking on yahoo finance but misses the mark now it’s rallying up as it went under £49 so I missed it now :frowning:

I have found Google Finance to be a little more accurate, they do list what exchanges are “real-time” and which are delayed and by how long.

https://www.google.com/googlefinance/disclaimer/

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Yes, due to this, I prefer Google Finance for UK stocks, and use use yahoo finance for US ones.

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its going to be one of those days 
 :rofl:
does anyone trust what “analysts” say ?

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Question on limit orders when it shows stamp duty is that just what I will pay when it executes or do you get charged each time you make a pre limit order?

Thanks

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You pay on execution only.

Extra funds are held to cover stamp duty and any fx charges etc until it executes
they generally hold a little extra than you’ll eventually be charged.

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Thanks man I still haven’t had one go yet because I keep changing my mind about what price I want lol

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