Post by
1234bmth on Jan 24, 2024 4:35pm
Market tomorrow
US GDP report for Q4 tomorrow will impact the market significantly, let's see what happens. Hopefully it is in line with expectation, if it is higher is not good because the fear of Fed not cutting interest rate will drive down the market and if it is too low the fear of recession may impact negatively the market, I may be wrong, but it is all my opinion.
Comment by
2021Gamble on Jan 24, 2024 4:45pm
For what it's worth, on the Cdn side, interest rates were held steady again today, so that will be a headwind for O&G stocks in the near term as it'll push the chance of a non soft landing higher Anyway, I mostly agree with your assessment regarding it needing to be in line with expectations ... Although I think regardless the narrative will be negative tomorrow
Comment by
Cobalt on Jan 24, 2024 5:41pm
Good thing they are pushing Canada into a recession obviously Canadian consumers were consuming too much giving us inflation.