Dividend 15 Split Corp T.DFN

Another morning headfake

[flamingogold]

Pre-markets lately have been up only to roll over by midday. Indicative of a market correction in progress. Yesterday Powell siginalled that the fight against inflation is going to take longer. Translated... rate cut in June unlikely and maybe now only 1 for the year.

Canada and Europe on a slightly different path. Both economies are running much softer than the US so a rate cut by summer is possible but I wouldn't expect a torrent of cuts this year either as inflation continues to be sticky.

[marketsense]

Yes,  it seems we are going to be stuck in this inflationary environment combined with slow growth for quite a while longer.  Isn't that stagflation? The good news is IMO,  interest rates are not going up either.  That should give everyone including the banks,  a stable period to adjust to this environment and to continue to profit from their business model. The

[flamingogold]

Stagflation = 1 slow growth + 2 inflation + 3 high unemployment For the US, while inflation is proving sticky, they are nowhere near stagflation as the economy remains resilient and unemployment is extremely low. Canada is closer to it than the US but not there completely. Growth is slowing and inflation sticky but still below 3% which isn't horrible. Unemployment has moved above 6% but