RE:RE:Events of the dayI prefer to stay with the old adage Go with the Fed.
And seldom has the Fed made its intent any clearer.
While I keep hearing screams of bloody murder that rates are too high the public, in its pain, is befogging its perspective. Rates in fact are too low.
Staying in cash for the short term is sound as long as it is clearly delineated.
Selling your stocks to get into cash is self destructive. So, to a degree, is buying the dip. I will now avoid the temptation even if NPI fell any further.
How short is short term?
Are you letting your cash sitting idle in your trading account?
A 1 year GIC is paying 4.32%.
By the end of '23 we might be able to see if the Fed is changing direction.