TSX:AD.DB.A - Post by User
Comment by
HermannHalleron Jun 17, 2022 9:47am
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Post# 34764061
RE:RE:RE:RE:RE:RE:AD.UN should be defensive
RE:RE:RE:RE:RE:RE:AD.UN should be defensiveIt's interesting to hear what the Fed is expecting, but remember that it changes dramatically over time. Compare what they said this week to what they were saying last fall. They don't know the future anymore than anyone else.
Also, the US Fed has a dual mandate, they have to be concerned about jobs. If job losses start to emerge, despite the oil price, they will have to pullback.
Finally, although I agree the Russian sanctions are likely to last for years, it doesn't mean oil keeps going up. Oil has jumped up to $120, if it is still $120 a year from now, that's a high oil price, but it's a zero inflation rate. It doesn't need to go back to $80.