Will the Fed hike rates a full 1% (100 bps) July 27?
Canada did it yesterday.
On Tuesday that probability was 7%. By midday yesterday (after mkts had began to digest the CPI announcement) probability had grown to 51%. This morning, probability sits at 83%
The market however is now also beginning to price in a 25 bps rate CUT by end Q123
#Investing
It's been hard to watch my accounts over the last six months but I keep telling myself even though I'm 55, that I am still in it for the long run.
@mikeflstfi @Merlin Yup hard to watch but I still operate the same...if it's not making at least 10% gain it's sold. Rather lose a little than a lot!
@mikeflstfi @Merlin also depends on the investment and its history I suppose. I just don't got time for that lol
When I say, "I", I guess I actually mean it's happening automatically. I don't got time for that, either.
@Blackwolf @mikeflstfi most people don't, but I've been actively managing for quite a while. That said, I rarely move around >10% of total in a given year. this year being the exception at ~16%. I have a very long horizon
@Blackwolf
I'm still re-investing / buying monthly knowing that dollar cost averaging will win out eventually.
Eventually.
@Merlin