South of the border the Fed ratcheted down the rate hikes, and offered a more modest 0.25% hike. Fed Chair Jerome Powell then offered a somewhat confusing or dismissive press conference. Powell had no problem waving his red cape to call out the stock market bulls. And show up they did. U.S. stocks were up […]
The Bank of Canada goes on a rate hike hiatus, on the Sunday Reads.
This week, the Bank of Canada boosted rates by another 0.25% and signalled that they will now pause and evaluate. I’ve been calling that the rate hike hiatus. As I touched on two weeks ago, inflation is moving in the right direction and the consumer is holding up quite well. It’s a Goldilocks scenario, for […]
Rosey recession watch sets up the year of the balanced portfolio.
Here’s a very good post from David Rosenberg in the Globe & Mail. We know that the inverted yield curve has predicted 8 of the last 8 recessions. Yes, we are in the midst of the most drastic inverted yield curve(s). Mr. Rosenberg finds that the leading Conference Board Confidence Indicator is even better at […]
The race to kill inflation, on the Sunday Reads.
South of the border, the Fed raised rates by 0.50%. The hike was as expected. It was a step down from three consecutive 75 bps hikes. Canada has followed a similar rate trajectory in its battle to kill inflation. The markets initially cheered a favourable inflation reading (Tuesday) in the U.S. And then Fed chair […]
Rate hikes and how to prepare your portfolio for 2023 on the Sunday Reads.
In Canada, the headlines and airwaves were focused on the Bank of Canada and their rate hike decision. As you likely know, the BoC increased rates by 50 basis points or 0.50%. Many were expecting a 25 bps hike, but recent GDP growth put a nail in that coffin. In the U.S., good news was […]
What the heck has been going on? The Sunday Reads.
I was back Making Sense of the Markets for MoneySense as Kyle is away on a wonderful family vacation. I offered a wrap on the inflation fight and the market reaction. Stock markets had a very strong week, but it was much ado about nothing. Central bankers confirmed plans that were already announced, but it […]