) has officially closed in correction territory. Stocks have been battling multiple economic headwinds - higher for longer interest rates, Treasury bond yields, geopolitical conflicts, chaos in Congress, and more. Now, the index is near what some call the"death cross" - a market chart pattern reflecting the index's short-term and long-term moving averages.
Bierman explains while seasonally, the market should be headed for a rally, it may not be what it seems:"I think the rally itself is going to be short-lived. I know you've heard the expression 'location, location, location' well for me its 'interest rates, interest rates, interest rates'. I've done interviews all year long... and I kept saying its the year of re-calibration.
Ruffer, a UK-based fund known for winning bets made in the volatility market, is now hoping for a big upswing in the Japanese yen.As economic indicators shift, even seasoned investors like Warren Buffett are adjusting their outlook. In a recent announcement, the famed investor known as the "Oracle of Omaha" voiced his concerns...Jamie Golombek: The interest rate on any tax debt you owe to the CRA will rise to a whopping 10% come Jan.
This Dividend Aristocrat can help you earn worry-free passive income of $5,000 each year. The post For a Shot at $5,000 in Annual Passive Income, Buy 1,410 Shares of This TSX Stock appeared first on The Motley Fool Canada. -- Another 10% decline in a major Chinese equity gauge may trigger a wave of selling in index futures tied to structured products, adding fresh risks to the slumping stock market.
The Bank of Canada may not have to raise its key overnight rate further if inflation cools in line with the central bank's expectations, Governor Tiff Macklem said in an interview with the Canadian Broadcasting Corp. "The economy is not overheated anymore and ... we do think there's more inflation relief in the pipeline, and if that comes through, we won't have to raise rates further," Macklem said in a CBC Radio interview aired on Thursday.