No it didn't, I have written here, and now I stand corrected, "The Fed and BOC are taking a small snapshot of the Economy, and trying to predict the Future"
And that tends to never work out too well in the end.
The latest report, now completely reverses the common mantra, that inflation is back, and prices, stocks, and gas, will keep rising forever.
"Economists were expecting the rate to come in at 3.3 per cent." – Jenna Benchetrit CBC News
Canada Inflation Rate, And what it means... if Anything?
Maybe nothing, Like I have said in previous posts, you can't predict the future based on fibonnaci numbers, and myoptic financial stats, that change on a month by month basis. You need to look at the long term effects that have been put in place, and to the past economic cycles, and even then, it only gives you a hint, or possiblility.
Marketeer's have been caught with their pants down. Well thats for sure, at least today, tommorrow may be a different story... next month we could see inflation rise again.
Interest Rate Hikes May be Finally Having some Effect. This is more likely to be the case, but it would seem like the Credit Crisis, The Housing Crisis, the Dot Com Boom, and getting rich on Marijauna stocks, its not what people want to hear, so don't go there.
Markets Are Happy
For the most part, even with a dip today, the Lords of Flatbush are all tickled pink with this, and predict markets will head higher in the coming weeks. Again, we don't wanna hear any bad news, why can't you all just ... Be Happy.
But the public... not so. Only the people with investment portfolios are happy, the boomers, and the savers, making 5% on a GIC, and seeing a 25% rise in their retirement fund, but that only accounts for about 48% of working Canadians who actually have savings.
"In the face of rising consumer prices, close to half (44%) of Canadians in 2022 were very concerned about their ability to meet day-to-day expenses." – Stats Canada
So how do you think these people feel now, or in 6 months from now? This latest stat may be welcome for markets, but as the article explains, it is still not changing the attitudes of the BOC or FED. Wait until June, which is better than July, but that will not help in the immediate future.
Only time will tell, but I am not holding my breath, or waiting for the BOC to save us from ourselves. Markets will play out, they rise, they fall. But we stay the course, not worried about day to day fluctuations and political grenades spoiling our plans.
Rates will drop, eventually, water finds its own level. How fast and how much, we don't know, but then, do we care? Bonds will increase in value, so a rebalance to bonds, which was considered stupid in 2022, is now on the table. GIC's are pushing 5%, a great way to fund that cash cushion you will need in a year, or 2 years. And Stocks are up. What could be better?
My mantra is to be Reactionairy, not speculative. Stay the course, keep a long term plan of rebalancing, diversification, and dollar cost averaging. Sleep at night knowing nothing has changed.
And don't even ask me about Bitcoin, or Nvidia... Or for that matter... Trumps golden High Tops...
This first tip should be a juicy one. It’ll keep your readers with you.
Format each tip's title to H2 to keep your post neat.
Tip #2 - Explain more
The middle tips should go into a bit more detail, explain more. Keep them short and to-the-point. E.g., if you're writing a post about how to blog, you can write something like: "Decide how often you want to blog. Be realistic about it. Think you can blog twice a month? Commit to once a month and stick to it."
"Economists were expecting the rate to come in at 3.3 per cent." – Jenna Benchetrit CBC News
Tip #3 - Make it personal
Feel free to include personal details and examples. The more relatable you or your website is, the more you connect with your readers.
Tip #4 - Mix it up
Try different blog formats each time. One month, post a day in the life, then try a How-To or a Q&A. There are many templates to help you get started.
Tip #5 - Finish strong
Your final tip will lead into your post’s conclusion. For example, “Lastly, knowing just a little bit about SEO can go a long way in helping your blog succeed. You can learn more about SEO in our guide.” Then be sure to add a link to your guide here.
Don’t Forget to Add a Closing Statement
Keep it short. Restate your main point and tell your readers what you want them to do next. Don’t be shy. Just tell them: Buy Now, Click Here, Read This, and link to it. You can also invite them to leave a comment below your post.