Canadian Banc Corp T.BK

US inflation 2.2%

[flamingogold]

This keeps the door open for further FED rate cuts to reverse the economic slowdown and keep it at or near 2%. Central banks have stunned a lot of bears, Jamie "Doomsday" Dimon among them, who for 2+ years predicted recession.

FOMO appears to have begun as sideline money continues to pour in to equity markets now as the soft landing goal becomes reality. This year has recorded dozens of daily record closes. However, with that odds of a correction (not a recession) increase. All part of a healthy, balanced market. I actually welcome one sooner than later as the higher we go before one produces a greater, more vicious selloff.

[TheeRook]

Price of Oil < $70,  is helping alot.  OIL at over $100 / barrel would be another story.

[flamingogold]

If the Middle East situation worsens it would certainly push it up that level fast.

[mouserman]

Crude up about 5 % today, last i looked at 73.90 USD

[mouserman]

Some traders appear to be betting on oil prices running up to $100 a barrel from a recent $73. Trading in call options tied to the $1.4 billion U.S. Oil Fund surged to the highest level in more than two years this week, according to Cboe Global Markets data. Such trades confer the right to buy shares at a specific price, known as a strike, by a stated date. Some of the most popular trades in

[flamingogold]

Yesterday the Saudi oil minister was quoted saying the price of crude could actually go to the 50's... that's right down. This was later claimed false. Sounds like manipulation. With tensions rising in the Middle East and Israel yet to respond to Iran's attack, it would be extremely odd for oil to go anywhere but up.   Rising oil prices has the potential to mess with inflation