Market Turns Positive with Significant Gains
Today, the market turned notably positive, largely driven by the recent rate cut in the US. Most indicators are now showing positive signs.
The Market Momentum Tracker closed in positive territory, reflecting a robust upward movement. Additionally, the Short-Term Trend Strength indicator has risen above 50% for the first time since the end of July.
While breakdowns still outnumber breakouts, the current tre...

US Drops rates by 0.5%, to the range of 4.75%-5%.. Despite their inflation surpassing ours, this substantial rate cut may pave the way for a similar 0.5% reduction in Canada. With the US Federal Reserve's move providing a precedent, Canada could now have the space for more substantial rate cuts ahead? Will We've already cut by 0.75% (3 x 25bps). We are now at 4.25%, will we drop again?

The much-anticipated rate cut decision has finally arrived, with the Federal Reserve announcing a 50 basis point rate cut! At this pivotal moment, investors need to have a deeper understanding of the background and impact of rate cuts.
Since March 2022, in a bid to curb inflation, the Fed has hiked rates 11 times, bringing it to the current range of 5.25%-5.50%. Now that inflation is under control, the calls for a rate cut are growin...