TSX:AX.PR.E - Post by User
Comment by
DZtraderon Jul 25, 2024 9:47am
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Post# 36147756
RE:RE:RE:TOLD YOU GUYS
RE:RE:RE:TOLD YOU GUYS
You are again not looking at it in the correct light. While 25 bips may for all intents and purposes not move the needle, it is the start of a new cycle. Which can be both good and bad. Good in that it provides cheaper money, bad in that it is happening because of a slowing economy. Having said that, most will hide behind this and suggest it is inflation coming into target range as a reason for the cutting cycle. Both scenarios hold true and thus the soft landing narrative. We will see how fast and much we soften from here. Although latest GDP print was solid (looking) it is still backward looking. I very much believe cuts are very front and center here and will commence not later than September in the U.S. the risk is too great not to.