Vol.29 Weekly Syrup: Rate cut - last but not the least?
Hey mooers! ![]()
In October, the Bank of Canada made a significant rate cut from 4.25% to 3.75%, the largest since March 2020 and the fourth since June, bringing rates to their lowest since December 2022. As the BoC gears up for its final 2023 rate decision on December 11th, economists expect another reduction, debating whether it will match October's 50 basis points or be a smaller 25-point cut. Read more>>
We also have Maple Market Challenge on this topic as well. Remember to check it out and earn some points! ![]()
Want to plan your portfolio before the decision to earn? Click here or the picture to check "Rate Cut Beneficiaries">>
But before other recaps, let's look at something different:
What's Moo'ed?
"What's Moo'ed" is a space that captures fun, newsworthy, jaw-dropping and sometimes confusing (lmao) news clips for mooers so that you know this is a colorful world (or a weird and speechless one).
1. DJ, hold on! ![]()
Experts caution that listening to fast-paced holiday music while driving could increase your risk of an accident. Be mindful of your playlist's tempo to stay safe on your travels this season. It makes sense very much, as when DJ drops the beat, it's very hard not to tap your feet with the music.
2. Sometimes, money does grow on trees. ![]()
A German gold merchant has created one of the most lavish Christmas trees to date, using $5.5 million in gold bullion, showcasing that the Midas Touch can outshine even the greenest thumb. I just want to say: I am Groot!
3. Drawing a blank ![]()
A minimalist painting by American artist Robert Ryman, titled "General 52" x 52" and valued at over $1.5 million, is set to be auctioned at Ketterer Kunst in Berlin on December 6 and 7. The artwork is a simple white canvas reflecting its dimensions. It looks like we still have a long way to go to fight "white" supremacy.
Okay, let's dive back to the syrup:
Canada's major banks wrapped up their fourth-quarter earnings positively, aided by Bank of Canada's rate cuts which lowered financing costs and boosted revenues, with $Royal Bank of Canada (RY.US)$ and $Canadian Imperial Bank of Commerce (CM.US)$ standing out. In contrast, $Bank of Montreal (BMO.US)$ and $The Toronto-Dominion Bank (TD.US)$, heavily involved in the U.S. market, faced challenges. TD's outlook for 2025 is dampened by regulatory issues and rising expenses, while BMO's expansion in the U.S., including a $16.3 billion acquisition, increased exposure to weaker loan portfolios, leading to a significant drop in U.S. net income. Read more>>![]()
Reviewing the latest earnings from Canada's Big Five banks highlights the importance of smart financial management, especially after economic shifts like rate cuts.
If you're new to investing or always busy, mooomoo's AutoBuy feature could be a game-changer.![]()
It automatically invests set amounts into your chosen fund at regular intervals, smoothing out market volatility. Just set it up with your TFSA, RRSP, or cash account, and let AutoBuy simplify your investment process, making it effortlessly effective. Read more>>
Don't hesitate, click here or the picture to try it out!
In the last week, moomoo has also come up with very qualitative readings. You can see if they are helpful for your trading and investing:
Let's see how mooers are doing in the past week:
What Is Swing Trading?
Swing trading is a popular trading strategy focused on capturing short to medium term price movements in the market, typically lasting anywhere from a few days to a few weeks. Unlike day trading, which involves making multiple trades within the same day, swing trading allows traders to hold positions overnight, offering more flexibility and less need for constant market monitoring.
Do you want to sell Mrvl
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$Super Micro Computer (SMCI.US)$ closed my 5 calls this morning !! but its still bullish towards christmas. once Nasdaq says they approved their plan we are definitely going to 65-75 range.
What do you think of BoC rate cut, Big Five earnings and other stuff? And what's your take on other hot issues in the past week? How can they earn you more money(we pray that for you)?
Share your stories, ideas, feelings and emojis in the comments below:
Event time: From now until December 15, 2024, at 24:00 ET time.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102362254 : The BoC recently cut its interest rate, bringing some relief to borrowers as inflation cools. Big Five are showing mixed earnings, reflecting how the economy is impacting them in different ways. I’ll keep an eye out for Bitcoin-related investment opportunities
Jason Fung : BoC just announced a 0.5% rate cut. This is a prudent move and it would certainly provide some reliefs to our sluggish economy. Canada is a country that relies heavily on immigration to grow its economy. With the new federal government policy to reduce immigrations in the coming years, this would mean less demand for goods and services in our economy which won't help our economy.
It is very likely that a low interest rate is here to stay in the next few years in Canada until our economy recovers and on a growth trajectory again. In my opinion, a low interest rate is generally a good thing for businesses because they can borrow money at a lower cost and invest the money in their businesses. But many of them may not be willing to invest in Canada due to our high tax and regulations. This is an area that the federal government should really look at to create a more friendly environment for business, like in the US.