Money Sense

[Oerdin]

A recession is coming and it is going to be a shit storm.

The US has been in recession for all of 2022 so far.

[Anonymous]

A recession is coming and it is going to be a shit storm.

The US has been in recession for all of 2022 so far.

Yes, it has.

[Anonymous]

The markets will be in for a rude awakening following jobs report.



July showed the US created 528,000 jobs.  Eemployment is the most lagging of lagging indicators and that is troubling for what it implies for the Federal Reserve. The Fed really put most of their eggs in this employment basket, and they're looking at a lagging indicator to tell them when it's time that they have tightened enough, which suggests that they are going to overdo it on the rate hikes.

[Anonymous]

Stocks rallied Wednesday as Wall Street breathed a sigh of relief over a lower-than-expected CPI reading for July that showed inflation eased to an annual 8.5% last month.



The benchmark S&P 500 jumped 2.1% while the Dow Jones Industrial Average gained 535 points, or about 1.6%, and the tech-heavy Nasdaq Composite surged 2.9%.



The TSX was up over three hundred basis points.



Canadian Tire Corp. Ltd. reported lower second-quarter profit compared to a year ago.



The retailer reported its net income attributable to shareholders totalled $145.2 million or $2.43 per diluted share for the quarter, down from $223.6 million or $3.64 per diluted share a year earlier.

[Anonymous]

The S&P 500 is up 15% from its mid-June low, a rally that gained even more momentum after Wednesday's U.S. inflation data showed consumer prices unchanged for July. This bolstered the case for the Federal Reserve to end its market-bruising rate hikes sooner than previously expected.



The stock surge, which has delivered the S&P's best eight-week period in more than a year, has brought the index within sight of a 50% retracement of its bear market loss.

[Anonymous]

The money in my company pension is up and so are my RRSP's.

[Anonymous]

Canadian home sales are down for the fifth month in a row. Home sales across Canada are down 29 percent in July 2022 compared to July 2021.

[Anonymous]

The Dow Jones Industrial Average fell sharply Monday, in its worst day since June, as the summer rally fizzled out and fears of aggressive interest rate hikes returned to Wall Street.



The Dow fell 643.13 points, or 1.91%, to 33,063.61. The S&P 500 dropped 2.14% to 4,137.99, and the Nasdaq Composite tumbled 2.55% to 12,381.57, respectively. It was the worst day of trading since June 16 for the Dow and the S&P 500. The TSX was down 136.48 points or 0.68%.



Those losses come on the back of a losing week, which snapped a four-week winning streak for the S&P 500. Still, the broader market index remains about 13% above its June lows.



Investors are anticipating what could be a volatile week of trading ahead of Federal Reserve Chairman Jerome Powell's latest comments on inflation at the central bank's annual Jackson Hole economic symposium.



When you see the market right now dropping down like this, this is the market saying the Fed has to be more aggressive to slow the economy down further if they want to bring inflation back down.

[Anonymous]

There's still a gnawing concern the Federal Reserve risks overkill in tightening monetary policy too much into a potentially deep domestic and global recession this winter.



Unnerved by August surveys showing the biggest contraction in U.S. service sector activity since the pandemic, markets wobbled on Tuesday.



For all the intense speculation about how Europe's outsize energy shock will lead to much greater economic damage on eastern side of the Atlantic, all-industry business sentiment is still contracting at a faster rate in the United States than the euro zone or UK.



The prospect of a swingeing winter fuel crisis in Britain and the euro zone may yet change that picture, but the extent to which the United States remains immune from the backwash from that, as well as its own domestic inflation issue, is in question.



Key developments that should provide more direction to U.S. markets later on Wednesday:



* U.S. July durable goods orders, capital goods orders, pending home sales * Earnings: Royal Bank of Canada, Salesforce



* U.S. Treasury auctions 5 year notes

[@realAzhyaAryola]

Did you hear that Joe Biden forgave some student loans? Wow.

[Anonymous]

Did you hear that Joe Biden forgave some student loans? Wow.

That is what construction and warehouse works want- to pay the debt of a bunch of pansies who majored in transgender studies. The deomcRATs are o out of touch with working American like Paul Begala said.

[Anonymous]

Markets are tanking this morning. Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming monthsFederal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months.

[Anonymous]

Stocks plummeted Friday after Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won't back off in its fight against rapid inflation.



The Dow Jones Industrial Average dropped 1,008.38 points, or 3.03%, to 32,283.40, with losses accelerating into the close. The S&P 500 fell 3.37% to 4,057.66, and the Nasdaq Composite slid 3.94% to 12,141.71. The TSX was down 300 points.

[Anonymous]

Stocks plummeted Friday after Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank won't back off in its fight against rapid inflation.



The Dow Jones Industrial Average dropped 1,008.38 points, or 3.03%, to 32,283.40, with losses accelerating into the close. The S&P 500 fell 3.37% to 4,057.66, and the Nasdaq Composite slid 3.94% to 12,141.71. The TSX was down 300 points.

When did this sub get guest posting?

[Anonymous]

Jerome Powell, Fed head suggests additional interest rate hikes will ultimately produce the lesser of two pains. He is reckless.