"Stocks rally sharply for the second day" U.S. and Canadian stocks rallied for a second straight day on Tuesday after softer U.S. economic data and a smaller-than-expected interest rate hike by the Australian central bank stirred hope that the Federal Reserve might temper its aggressive raising of rates. After gaining 2.4% on Monday, the Canadian benchmark stock index rose almost another 2.6% for its best gain in two-and-a-half years.
We are some time away from the next Bull Market, but this is the first positive feeling in quite some time. The quick increase in interest rates will shorten the pain, but I am anticipating a hard landing and a bit of a recession in the coming months. The posture is to hold and buy if you can. Many are dollar-cost-averaging into the markets on a monthly basis.
In the meantime, make sure that your affairs are in order. When was the last time you had your will updated?
Review of your life insurance?
I look forward to our next review and catching up with you and your family.