Will resilient markets and economy continue to exceed expectations?
So far, 2023 hasn’t been the doom and gloom year some market watchers predicted. The S&P 500 was up about 20 per cent year-to-date as of July 31, while the S&P/TSX Composite Index climbed about 6 per cent over the same period.
Will markets and the economy continue to defy expectations for the rest of 2023 and into 2024? Globe Advisor recently spoke to Kevin McCreadie, chief executive officer and chief investment officer of AGF Management Ltd., about his outlook for the economy and markets.We think it’s going to get tough on the inflation front.
The positive news is that when central banks decide to cut rates, they have room to do it, unlike other points in recent history when rates were near zero.Don’t worry whether the U.S. Federal Reserve or the Bank of Canada will raise rates again – and by how much. It’s irrelevant at this point. That damage has already been done. It’s also too soon to know when central banks will start cutting rates .
How the financial independence, retire early movement has evolved amid rising costs and volatile markets
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