wukan wrote:My 2 cents wrote:We bottomed in June 2022. Who else noticed?
NSE 20 - 1563
27th June 2022
macros are flashing red. IMF is playing hardball. IFB reopen came in at 30% subscription with 13.74% interest. Lower than Eurobond which doesn't make sense. Means rates need to be higher north of 18%. Dollar index is pointing to 110 so kshs will be squeezed. We are yet to navigate that shitstorm so it's early to call a bottom
Perhaps that was already priced in.
There is just something about this snap back that feels different. My portfolio has gained each day for the past 10 days. I don't mind the market coming back lower, I am still accumulating.