Taking place Sept 7th, the expectation is that the Bank of Canada will increase the overnight rate. An expectation of 75 basis points, and likely another 50 basis points before the end of 2022. What does this mean, and how do Canadians prepare for this? Episode Takeaways: Jerome Powell, the Chair of the US Federal Reserve, spoke at the Jackson Hole meeting and his words didn’t spark too much optimism of how soon the rate hikes will stop.
On September 2nd, the US August jobs report came out. And a lot more was riding on it than people may think. As backwards as this sounds, a bad jobs report likely would have meant a bit of a jump in stock prices because the public perception would be that with this extra sign of economic weakening, the US Federal Reserve would have to slow down the rate hikes.
Right now, inflation, and therefore interest rates, are the overwhelming driving forces of the markets. Marcus also uses the SPY ETF to discuss his current market sentiment and how investors can use options to enter the broad equities market and invest in the direction they think it is headed