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Weekly Update for the week ending December 22, 2023

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his will be the final ‘Weekly Update’ of 2023. I am sure you will miss the scintillating commentary 😊, as I take a break for the last week of the year. Do not fret, the posts will resume January 5, 2024.

I would like to thank you for following along and bearing with me throughout the year. Hopefully, the 2024 markets will be more like this past year than 2022. 😊 In any event, enjoy the Christmas holiday as 2023 comes to a close and all the best in the coming year!

Items that may only interest or educate me ….

Canadian Economic news, US Economic news, Stock market’s holiday hours …

Weekly Update for the week ending December 8, 2023

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If you are curious about the future of interest rates, keep a close eye on consumer spending this holiday season. If spending drops by more than 5% compared to last year, we could see rates start to decline sooner rather than later. That would be a welcome Christmas present for many! 😊 Of course, if spending remains strong, rates could stay the same or even rise. ☹

Items that may only interest or educate me ….

Canadian Economic news, US Economic news, Setting money aside for a rainy day, Bard, meet Gemini, …

Weekly Update for the week ending November 10, 2023

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Canadian Economic news, US Economic news …

It is earnings report season again, this time for the third quarter. The number of companies reporting in the three portfolios has been increasing steadily, reaching 35 this week. I admit it can cause one’s eyes to glaze over, however, these reports are crucial to understanding how the companies you own are faring.

With all the reports this past week, fortunately, there were no key economic reports in Canada or the US this past week. Otherwise, this Weekly Update would have gone on forever, writing it certainly seemed like it did. Sigh! 😊

Weekly Update for the week ending November 3, 2023

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Items that may only interest or educate me ….

Canadian Economic news, US Economic news, US Interest rate remains unchanged, Magnificent Seven update, ….

Following a turbulent October, North American stock markets regained their footing as November began, thanks to the US Federal Reserve (Fed)’s decision to leave the US benchmark interest rate unchanged. Although the Fed kept the possibility of future hikes open, widespread belief among analysts and investors suggests that the US interest rate might have reached its peak. If the Fed chooses to hold the rate steady at their year-end meeting in December, it will mark the third consecutive meeting without a change. Many experts view this as a potential indication of the end of the recent rate hikes. We shall see.