Tax book squaring

 Hi Readers

Once again it’s that time of year where book squaring up is occurring. Those who are holding profits are selling while those who are in losses are also selling.

Many moons ago the bottom line that only matters to fund managers with clients was the profit and losses and today it hasn’t changed. I wouldn’t take to much of what is going on seriously at the present time as it’s simply book squaring.

Manager who have booked losses and selling profitable position to cover losses. You don’t get paid on losses reader only profits. 

We have seen the ASX gain value with the S&P but this is very short term, once the squaring up is over we will see a continuation of the selling. I say that because everything that is occurring is very inflationary but both governments and the central banks. 

The Fed is letting bonds mature from there balance sheet and still buying MBS. Yet they are looking/ talking about increasing rates. 

The economy is shrinking and they are very aware of it and know full well of what there actions are doing to people, but there is no regard for what people are going through. 

Please be aware that rates are going much higher and if you do have debt understanding that depending where you are there is recourse except in the US 

As always. Use the above as an indicator to your own work

The above is based of financial astrology.

Ask your financial advisor on more on the above.

I am a financial astrology not a financial advisor.