ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
August 26, 2023 | Tech Talk for Saturday August 26th 2023
Don Vialoux
Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).
The Bottom Line
High and rising interest rates on long term North American Treasuries have “put a lid” on North American equity markets. Comments by Federal Reserve Chairman Powell on Friday echoed comments by the Bank of Canada that central banks in North America are “prepared to raise rates further”. The stage is set for “choppy” equity markets between now and October.
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Don Vialoux August 26th, 2023
Posted In: Tech Talk
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