Pyle Wealth Advisory
Investors may be fixated on current actions by central banks, but we need to think of longer-term implications from national industrial policies, wages and productivity.
The Fed's decision to hike rates today wasn't a surprise, but the lack of guidance was. A resilient U.S. economy argues for further tightening, but we have 8 weeks to find out.
In a week that saw more analysts rescind their recession calls, there are more signs that stress in high-yield debt is increasing and is a source for caution, if not concern.
Andrew Pyle appeared on BNN Bloomberg's Morning Markets show to discuss the outlook for stocks, monetary policy and the rotation from tech to energy.
The Bank of Canada has sent a clear message to households and markets that it will continue raising rates until it achieves its inflation target. For borrowers, sticker shock will be even worse.
Equities enjoyed a solid first half, despite starting the year a little shaky, but the opening sessions this month suggest the second half will be more challenging.
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