Post by
stockitnow on Aug 06, 2024 11:05am
Feds lollygagging
If Feds had cut rates earlier then there won't be fear of recession which drove the recent dive in global markets.
Come September both Canada and USA will be cutting rates. Markets were looking for rate cut from feds and it will finally happen. Rate cut will give nice boost to Markets.
On another note, Airlines had added too much capacity in summer and now they are all reducing capacity and delaying new aircraft orders to conserve cash.
This is good news for bombardier as the same suppliers for AB and BA can concentrate and deliver to bombardier to meet bombardier delivery target. Bombardier has solid backlog which should keep it humming along for few years regardless of what happens in short term to the market.
Keep in mind rate cuts allow businesses to borrow cheap money and expand. Bombardier will directly benefit from business expanding.
Comment by
johnney on Aug 06, 2024 12:01pm
Good pos, makes good sense!