TSX:AX.PR.E - Post by User
Post by
DZtraderon Sep 18, 2024 4:41pm
125 Views
Post# 36229838
Koodos to Powel
Koodos to Powel
My hat is off to the Fed chair. He did the right thing at the right time. Am I surprised, well probably yes a bit. As I noted earlier, I think there are very compelling reasons to have gone 50, I just didn't think he would do it. If I am being honest, it just seemed a little out of character for this Fed to make that move today. All the more credit to him (them), the time was right, he recognized it and put a little insurance in his pocket. Well done. All in all, for such a heavily anticipated event, I would have to say I am well enough pleased with the final outcome today. I am quite curious how we finish out the week.
I am not sure how anyone could possibly be contemplating selling into this. Of course we can knee jerk but clearly "the trend is your friend" could not ring truer than today. MM funds will be dropping more by the day, that cash has to go somewhere. Interest rates are going to trend lower from here thus interest expenses also trending lower, real property is going to increase in value, variable rate holders are smiling (finally) and finally, the pressure on the massive debt wall just took a big sigh of relief today.
I'm buyin, not sellin!
Stay good,
DZ