RE:HopefulIt will move up again into to mid$55 level eventually, but once Powell keeps rates unchanged today at 2pm, and most likely will not give the market any set time frame of when rates will begin to ease there will be a sell off.
BCE is already beaten down compared to other high flying tech stocks, so I'm not sure if it will move that much lower, or hopefully hold its ground.
It's always been said that rates will not begin to ease until 12 months of data is gathered from the last rate hike, so June or July is the earliest for rates to start easing.
Not sure who has money to buy, but after the FED announcement at 2 pm may be another buying opportunity, if this isn't low enough for some.
It's low enough for Insiders.