More of the Same...

September 30, 2022 | Nick Scholte


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... the Fed is intent on raising rates. Hopefully this won't prove to be a policy error.

To my clients:

It was a down week for North American stock markets with the Canadian TSX finishing down 0.2%; the U.S. Dow Jones Index finishing down 2.9%; and the U.S. S&P 500 finishing down 2.9%.

Well, last week’s update certainly generated lots of feedback. Thank you to those who took the time to comment. Honestly, little has changed in the last 7 days, as markets remain unsettled in the face of a U.S. Fed intent on raising rates further. As such, I’ll simply suggest clients take a look once again at last week’s update if they are so inclined. Here is the link: Fed Speak Remains Aggressive; But I Suspect the Bark is Greater than the Bite

Next week, being the first of a new month, will see the usual “Big 3” economic releases. I’m sure I will have more to say then.

All the best,

Nick

Nick Scholte, CIM, FCSI

Senior Portfolio Manager

Scholte Wealth Management
RBC Dominion Securities Inc. │ Tel: 604.257.7569 │ Fax: 604.235.9950
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