TSX:AX.PR.E - Post by User
Comment by
DZtraderon Oct 08, 2024 3:19pm
43 Views
Post# 36258272
RE:"MARKET GETTING AHEAD OF ITSELF"?
RE:"MARKET GETTING AHEAD OF ITSELF"?
If your "market getting ahead of itself" was in reference to my post, yes, in fact the market had gotten ahead of itself, yet again. My post was in reference to rate cuts, it has happened many times over the last little while. The second we got a 50 bipper the market immediatley priced in another 50 with more to come after that. The market, reits in particular took off from there. What you are now seeing is a little reversion given that there likely will be no back to back 50 bip cuts. We of course have data ahead of next cut anyways so let us see what comes to bare in this data. If we get hot cpi expect of course more pressure. Understand that at this point, we have had one piece of data, a good labor report that has caused some selling in the riet sector. Fed will not change course on this alone. Canada now, good case and liklihood they do go 50. Slow and steady, slow and steady...........................