Friday Morning Radio Advice
Rallying - The S&P500 gave us a bullish signal recently with the 50 day moving average crossing above the 200 day moving average. This is a tecnical event known as the golden cross. That last occured in June 2009 and the markets rallied 35% in the next 10 months.
Reversing - The Dow and the TSX are just slightly in the red. Nothing driving these markets today ahead of the G20 meeting this weekend as leaders discuss currency and other macroeconomic challenges.
Opportunity - Scotia Capital has recently made some changes to its Global Forecast. One notable change in the forecasts is that the Bank of Canada is now expected to remain on hold until Q3/11 with the overnight rate peaking at 1.75% in Q4/11. In the US, the Fed Funds rate will still peak in Q4/11 but at a rate of 0.50% vs. the 0.75 previously forecast. Any questions on interest rates call me at 868-5525 or visit yourlifeyourplan.ca.
Reversing - The Dow and the TSX are just slightly in the red. Nothing driving these markets today ahead of the G20 meeting this weekend as leaders discuss currency and other macroeconomic challenges.
Opportunity - Scotia Capital has recently made some changes to its Global Forecast. One notable change in the forecasts is that the Bank of Canada is now expected to remain on hold until Q3/11 with the overnight rate peaking at 1.75% in Q4/11. In the US, the Fed Funds rate will still peak in Q4/11 but at a rate of 0.50% vs. the 0.75 previously forecast. Any questions on interest rates call me at 868-5525 or visit yourlifeyourplan.ca.
posted by David Allard at
11:38 AM
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