RE:RE:RE:RE:Let's think constructivelyOverall markets look like trash. next week is FOMC meeting. CPI came exactly as expected in the U.S. Feds will probably increase interest rates by .0.25 basis points.
S&P 500 if on a support level, if that support breaks and flips into resistance, wont be great for the rest of this year.
Why do I say this, it will directly affect markets in Canada as well along with everyone's equities.
Everyone should be worried about how the CPI number comes out next month in the U.S....with huge increases in fuel, I can see it going to 8.3%. Bank of Canada 50 basis points increase is high likelihood scenario in the short term.