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In this episode, we check out the market settling down following a couple of very rough days. The S&P 500, Dow, and Nasdaq show strong gains, driven by strong profits reports from major companies like Kenvue and Uber. On the other hand, Japan's Nikkei 225 recuperates. The TSX is down after being closed yesterday. Analysts stay cautious in the middle of continuous economic concerns.
Also in this episode:
⚖ An US federal judge guidelines that Google broke antitrust laws, potentially improving the tech landscape.
The Bank of Canada is expected to cut interest rates sooner than anticipated, influenced by U.S. labor market information.
Canadian insolvencies increase greatly in the 2nd quarter, highlighting financial pressures on consumers and organizations.
The federal government introduces 30-year home loans for first-time purchasers, offering pros and cons for brand-new property owners.
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I lost over $6000 on Monday, good that the markets rebounded today, except for the TSX.
What did you sell?
That’s not how it works. You only lose if you panic sell. Volatility exists, bulls don’t last forever
If you didn’t sell, you didn’t loose. Hold strong if you have a long time frame 🙏
I didn’t loose a penny because I didn’t sell. I did buy the dip, though.
Lose not loose. The market doesn’t need tightening up…
my tfsa is up $65 today, after dropping about $1500 last week…after going up $2000 before that…
so you’re up $565. What’s the timeframe?
Can’t be looking at your accounts day by day. Will drive you crazy 😅
To me, it looks like a trap. Market might continue falling down.
Im scared
@@MikeyPaper don’t be. After every bull market there is a bear market. After every bear market there is a bull market. It’s not rocket science.
I Want to buy the dip but I’m trying to figure out how much further it’s going down
Either way, today’s still a better day to buy than last week was imo.
DCA @@idott2462
I’m going to sit out and wait until September!
Sit out buying? Holding? In cash? Just curious! Thanks.
Moving while positive and holding in MM unless there’s a dip I can’t resist.
Marc. What happened to your videos examining the market indicators like the VIX, 200 day moving average, etc?
I really liked those vids.
Right? Something like “how many indicators of a recession are being met”?
seems like a deeper drop than what your saying. ill see you in September.
Thanks for the great video Marc!
I’m looking at CN, CPKC shares coming up to Aug 9 when they go to the bargaining table. Possible strike may occur after that. Potential cheaper shares, but we’ll see.
Keep buying at a discount. While holding as much cash as possible
How can you keep buying and have cash at the same time?
You can buy shares and still hold a cash position in a portfolio.
Just curious about your thoughts on zmi bmo monthly income etf. I have not saw much on the fund as of yet.
👍
Rebound?
Until there is true fear, markets will always rebound to some degree.