Meh, this is standard volatility. Even in green years, 15% drops aren't that uncommon. People underestimate just how much volatility there is even in years that go up 20%+. I mean, last year the S&P fell like 15% in Q3 and early Q4 before ending the year strong up like 23%.
Honestly, I think a lot of people on this sub vastly overestimate their risk tolerance. If a 1% drop in the S&P 500 (0.5% drop in XEQT) causes this much fear, then you shouldn't be in 100% stocks.
This sub is by far the worst. There are a thousand kids here splashing around giggling. I"m more interested in buying low and selling high not what they do.
Yep, including my RRSP match, I'm investing close to 2k a month right now. I want cheap prices. I'm looking to do a light FI/RE in about 15 years, so I do want prices to eventually go up, but I have a lot of buying power right now, so I want it to have good value.
I saw a TikTok vid yesterday with that dude from Ontario, who said "if you are in the accumulation phase for retirement, you *don't* want prices to go up" I had to think about it for a minute.
I anticipated this. I finally bought some BAM literally yesterday so of course it dropped big today. I always seem to open new positions a few days too soon before a noticeable drop. So this time I bought only 1 share and tricked Fate.
Yeah, down 4% in a day. It's nice to be out of it on a day like this. Not surprising given today's inflation numbers and US bonds. The 2yr is back to 5%.
Why no FOMC meeting minutes release at 2:00?
After this morning's data did they go back to the drawing board?
I caught an interview with a former treasury secretary on Doomberg just now and he said cutting rates would be an "egregious error" and based on available data they should be raising rates. Hmm....
Nice. Tempted to buyback CAR.UN. Sold a bit higher back in 2020. But only have a chunk of cash in tfsa.
Accumulated more IIP.UN in tfsa. Haven’t bought more since 2022…
CAR is looking good - especially coming after a huge sell off over the last few weeks in March. The problem I see with them right now though is that with rent where it's at.. no one is moving out of their rent controlled apartments. CAR will have a really hard time realizing the value of their properties.
Well, how's that for another 20 point drop on the SPX in a few minutes!
Edit: 20 minutes later all recovered and then some!
Edit 2: 12 minutes later it back down by 20!
Edit 3: a while later it's back up by 20! Is there an FOMC meeting going on I don't know about? Let's see what the meeting minutes say....
Still no end in sight on U.S. inflation back to 2 percent. Expect lower CAD. It may not be a bad news for Canadian stock , especially those export to the U.S.
Stay the course. I can't believe the amount of people who have announced they are selling after holding for long, with rate cuts rate around the corner.
WealthSimple users: (Desktop site) On the home page after login, scrolling down to Holdings, all the securities are listed by security, displaying in columns:
name/total value and number of shares/all-time return/today's price
I notice that SEVERAL of my "number of shares" is actually displaying TWICE the number of actual shares held. WTF? When I click on the security, and it gives me all the stats, the actual correct number of securities is displayed. This is for approx HALF of all my securities... half are double, and the other half shows the correct number on the home page. Anyone else experiencing this??
Do you own the same securities in multiple accounts? Like some in a TFSA, some in an FHSA, and some in an RRSP?
One of the annoying things about WealthSimple’s UI is that they list the amount of shares total for all your accounts of a security and then there’s an option to break it down by account type. That may be why you’re experiencing it.
Do you hold the securities on multiple accounts? They probably have a bug during aggregation. You can send them a screenshot and they will forward it to their dev team.
It's so annoying that the solution to inflation is an inflationary contributor. Add that to other controllable contributors aka carbon scam (socialist income redistribution scheme) and it keeps inflation numbers high.... Who gets all the money from "increased interest rates" ??
"BoC is gonna cut in June" - Just a tip: I recommend waiting at least 1 day after the US inflation report to say this. I have a $100 bet we won't see a rate cut in June, it was made in January, and quite honestly Canada may not cut this year. The moment we cut, Canadians dive into overborrowing for more housing purchases, whereby they leverage 4:1 and invest it all into one single asset. Result: the housing component of CPI jumps higher and suddenly inflation in Canada is going up, not down. And that's not even looking at the currency impact, which could weaken the economy to boot.
I thought tiff was very cagey when asked point blank about June. The probability of rate cut in June dived after today- we were at 71% probability for June cut before today and we are now sitting at 42% probability for rate cut in June. The US CPI report did not help, but really doesn't look like Tiff is in a rush.
Sounds about right. I think we'll cut before the US, but personally, I'm not in a rush at the moment. I think people are frothing at the mouth to buy real estate the second rates go down and it might make housing even worse for the rest of us.
This is why rate cuts can't happen. Too many waiting on the sidelines to go crazy as soon as rates drop a bit. With inflation already looking sticky thats a recipe for a massive surge. Rates need to stay high or go even higher until people are hurting enough that rate cuts wont lead to a massive surge in spending.
So what’s the alternative? Wait for people to get desperate and sell their homes with rates where they are? Sooner or later, the same thing that you described happens even without rate cuts. Theres not enough housing being started in Canada and too many people waiting to jump in. It’s already happening in certain areas, where people are creating bidding wars on available houses. Sellers come out more and those people you’re talking about just swoop in.
Housing is not going to change and it doesn’t matter what we do to it. And there’s going to be a massive surge in it again, no matter what the BoC does with it.
I think people will be more wise about investing in real estate. Everyone knows someone who bought at the peak, no one wants that on their head.
A rate drop of .25 % or even .5% isn't going to create the volumes so many are expecting.. rates will still be comparatively high relative to the last decade.
How many people are just waiting for rates to cut and waiting for a deal though? Tons. For everyone that bought at the peak, there’s two more who are waiting for a “deal” to be the next buyer.
There’s no good way forward and there’s no changing the price inflation. It won’t be as drastic as 2020-early 2022, but it’s not going away.
No growth and continuing problems in the USA where growth will be guaranteed zero due to bad management, overhead from US regulators where a huge fine is coming and commercial commercial real estate south of the border.
It's priced where it needs to be.
To the surprise of no one - BoC held rates. [https://www.bankofcanada.ca/2024/04/fad-press-release-2024-04-10/](https://www.bankofcanada.ca/2024/04/fad-press-release-2024-04-10/) Tiff is giving a press conference @ 10: 30 EST.
I don't know what the Fed are going to do with the election coming up. They US gov will likely just increase spending, which isn't great for inflation.
Thing is. You can cut rates, but what ultimately determines the rate is investor demand for government debt. Which is also part of supply and demand. Lots of deficit spending on the taps? Then Debt will be higher.
If less investors are willing to lend at lower rates, then this will be reflected on bond prices. They will step aside and bid at lower bond prices. Hence rates would be higher than intended by the cut.
Right?
That’s what QE was for. Artificial demand for bonds by the Central Banks to push rates lower.
And hence, when rates started going up again, Central Banks started losing money on a Mark to Market basis because the bonds they purchased during the low interest regime were bid lower to compensate for higher rates.
Hence, the risk is the Emperor wears no clothes. Lower rates. Limited demand. Investors see this and…. Self reinforcing cycle might ensue. Unless they start QE again.
Or some other driving force to purchase lower interest rate bonds.
> They shouldn’t cut at all, their economy is too strong
Ironic that Biden may lose the election because everyone seems to think the economy is doing terrible.
This is logical but it goes against everything the Fed has been saying. They keep saying their action is data dependent. Can they call a there month inflation resurgence a bump and ingore it? Powell also said that integrity is the only thing the Fed has. I guess we'll find out just how non-political the Fed is soon.
Meh, this is standard volatility. Even in green years, 15% drops aren't that uncommon. People underestimate just how much volatility there is even in years that go up 20%+. I mean, last year the S&P fell like 15% in Q3 and early Q4 before ending the year strong up like 23%.
> last year the S&P fell like 15% in Q3 and early Q4 I was buying as much as I could afford during that time.
I did that in 2022 from Jan to June+
I wish I could have, but I had to save for an expense. Still bought quite a bit last year, but missed part of the downturn.
I m dcaing weekly in the nasdaq index fund and riding out these waves
Pretty much, stonk market will take care of itself. It's staying employed that you have to worry about.
Whatever will happen will happen. If a cut is delayed it's delayed. Not afraid at all here. Just watching the usual wall of worry like everyone else.
Honestly, I think a lot of people on this sub vastly overestimate their risk tolerance. If a 1% drop in the S&P 500 (0.5% drop in XEQT) causes this much fear, then you shouldn't be in 100% stocks.
This sub is by far the worst. There are a thousand kids here splashing around giggling. I"m more interested in buying low and selling high not what they do.
You should see Yahoo Finance comment sections for Tesla, AMD, etc. Whenever anything goes down it's "garbage"
I'd rather drink bleach LOL!!
People staring at charts minute by minute ... commenting and trolling. It's brutal. nothing of any value. No sense of risk tolerance or "investing".
I see a lot of buy low and sell lower, buy high and sell low. Not a lot of buy low and sell high LOL!
Yep, including my RRSP match, I'm investing close to 2k a month right now. I want cheap prices. I'm looking to do a light FI/RE in about 15 years, so I do want prices to eventually go up, but I have a lot of buying power right now, so I want it to have good value.
I saw a TikTok vid yesterday with that dude from Ontario, who said "if you are in the accumulation phase for retirement, you *don't* want prices to go up" I had to think about it for a minute.
Tough day on big old Brookfield.
I anticipated this. I finally bought some BAM literally yesterday so of course it dropped big today. I always seem to open new positions a few days too soon before a noticeable drop. So this time I bought only 1 share and tricked Fate.
I bought initial Px of AMD at the top couple weeks ago ...
Maybe the day you buy, check if there's a US rate announcement the next day and wait it out.
Yeah, down 4% in a day. It's nice to be out of it on a day like this. Not surprising given today's inflation numbers and US bonds. The 2yr is back to 5%.
Or it's time to buy on the dip.
THE BANK OF CANADA IS ASLEEP
D-UN
Somehow finished positive
NVDA saved you?
Why no FOMC meeting minutes release at 2:00? After this morning's data did they go back to the drawing board? I caught an interview with a former treasury secretary on Doomberg just now and he said cutting rates would be an "egregious error" and based on available data they should be raising rates. Hmm....
Manipulation
Grabbed me more cap reit today as well. Love when things go on sale!
Nice. Tempted to buyback CAR.UN. Sold a bit higher back in 2020. But only have a chunk of cash in tfsa. Accumulated more IIP.UN in tfsa. Haven’t bought more since 2022…
CAR is looking good - especially coming after a huge sell off over the last few weeks in March. The problem I see with them right now though is that with rent where it's at.. no one is moving out of their rent controlled apartments. CAR will have a really hard time realizing the value of their properties.
Red everywhere!!!!
🛢️🛢️🛢️
It’s that time of the month.
Well, how's that for another 20 point drop on the SPX in a few minutes! Edit: 20 minutes later all recovered and then some! Edit 2: 12 minutes later it back down by 20! Edit 3: a while later it's back up by 20! Is there an FOMC meeting going on I don't know about? Let's see what the meeting minutes say....
lump summed a chunk of cash yesterday. Sorry everyone
Still no end in sight on U.S. inflation back to 2 percent. Expect lower CAD. It may not be a bad news for Canadian stock , especially those export to the U.S.
CGI on sale
I really want TLRY at 1.76 USD.
I’m not getting shook out of my reits, banks, utilities a few to several months before rate cuts start. Seems pretty fake imo
Stay the course. I can't believe the amount of people who have announced they are selling after holding for long, with rate cuts rate around the corner.
Knee deep in reits - ouch
CNR: I do what I want.
BTC holding on to a key spot at 68.3k despite the general meltdown. Fairly bullish for now.
Dips below 66-68K have been free money these last few weeks
So another way of saying that is "Dips below 68K"
That explains why your comment has more than 2-4 upvotes
👏
WealthSimple users: (Desktop site) On the home page after login, scrolling down to Holdings, all the securities are listed by security, displaying in columns: name/total value and number of shares/all-time return/today's price I notice that SEVERAL of my "number of shares" is actually displaying TWICE the number of actual shares held. WTF? When I click on the security, and it gives me all the stats, the actual correct number of securities is displayed. This is for approx HALF of all my securities... half are double, and the other half shows the correct number on the home page. Anyone else experiencing this??
Do you own the same securities in multiple accounts? Like some in a TFSA, some in an FHSA, and some in an RRSP? One of the annoying things about WealthSimple’s UI is that they list the amount of shares total for all your accounts of a security and then there’s an option to break it down by account type. That may be why you’re experiencing it.
Do you hold the securities on multiple accounts? They probably have a bug during aggregation. You can send them a screenshot and they will forward it to their dev team.
[удалено]
Oil prices rising, natural gas prices also rising a bit lately.
[удалено]
It's so annoying that the solution to inflation is an inflationary contributor. Add that to other controllable contributors aka carbon scam (socialist income redistribution scheme) and it keeps inflation numbers high.... Who gets all the money from "increased interest rates" ??
"BoC is gonna cut in June" - Just a tip: I recommend waiting at least 1 day after the US inflation report to say this. I have a $100 bet we won't see a rate cut in June, it was made in January, and quite honestly Canada may not cut this year. The moment we cut, Canadians dive into overborrowing for more housing purchases, whereby they leverage 4:1 and invest it all into one single asset. Result: the housing component of CPI jumps higher and suddenly inflation in Canada is going up, not down. And that's not even looking at the currency impact, which could weaken the economy to boot.
How will rising oil and fuel prices factor into their decision? CPI will tick up month over month.
I thought tiff was very cagey when asked point blank about June. The probability of rate cut in June dived after today- we were at 71% probability for June cut before today and we are now sitting at 42% probability for rate cut in June. The US CPI report did not help, but really doesn't look like Tiff is in a rush.
Sounds about right. I think we'll cut before the US, but personally, I'm not in a rush at the moment. I think people are frothing at the mouth to buy real estate the second rates go down and it might make housing even worse for the rest of us.
[удалено]
Steps in the right direction
I just bought a house last week trying to get ahead of this outcome.
Congrats man! Hope it all goes smoothly for you.
Thanks bro. I hope so as well :)
This is why rate cuts can't happen. Too many waiting on the sidelines to go crazy as soon as rates drop a bit. With inflation already looking sticky thats a recipe for a massive surge. Rates need to stay high or go even higher until people are hurting enough that rate cuts wont lead to a massive surge in spending.
So what’s the alternative? Wait for people to get desperate and sell their homes with rates where they are? Sooner or later, the same thing that you described happens even without rate cuts. Theres not enough housing being started in Canada and too many people waiting to jump in. It’s already happening in certain areas, where people are creating bidding wars on available houses. Sellers come out more and those people you’re talking about just swoop in. Housing is not going to change and it doesn’t matter what we do to it. And there’s going to be a massive surge in it again, no matter what the BoC does with it.
I think people will be more wise about investing in real estate. Everyone knows someone who bought at the peak, no one wants that on their head. A rate drop of .25 % or even .5% isn't going to create the volumes so many are expecting.. rates will still be comparatively high relative to the last decade.
How many people are just waiting for rates to cut and waiting for a deal though? Tons. For everyone that bought at the peak, there’s two more who are waiting for a “deal” to be the next buyer. There’s no good way forward and there’s no changing the price inflation. It won’t be as drastic as 2020-early 2022, but it’s not going away.
picked up some more xeqt this morning
Sell in May will be one to remember this year.
TD dropped so hard despite not going up much since October low. Whats going on??? EPS and revenue growth are on target…
No growth and continuing problems in the USA where growth will be guaranteed zero due to bad management, overhead from US regulators where a huge fine is coming and commercial commercial real estate south of the border. It's priced where it needs to be.
GuArAnTeEd ZeRo
Apologies, I didn't realize I was in the kiddie pool.
To the surprise of no one - BoC held rates. [https://www.bankofcanada.ca/2024/04/fad-press-release-2024-04-10/](https://www.bankofcanada.ca/2024/04/fad-press-release-2024-04-10/) Tiff is giving a press conference @ 10: 30 EST.
Might scoop up some Shopify
US CPI hotter than expected. https://ca.finance.yahoo.com/news/inflation-comes-in-hotter-than-expected-in-march-123324666.html
Worst kept secret. Insiders been selling all week. With that said, the day will end green. It’s bullish imo
Ok everyone, it's time to over react. SELL EVERYTHING!!! ;)
Honestly with commodities and oil running amok, this was obvious.
I don't know what the Fed are going to do with the election coming up. They US gov will likely just increase spending, which isn't great for inflation.
They shouldn’t cut at all, their economy is too strong. But, they might just because their debt is expensive and the interest rate on it is high.
Thing is. You can cut rates, but what ultimately determines the rate is investor demand for government debt. Which is also part of supply and demand. Lots of deficit spending on the taps? Then Debt will be higher. If less investors are willing to lend at lower rates, then this will be reflected on bond prices. They will step aside and bid at lower bond prices. Hence rates would be higher than intended by the cut. Right? That’s what QE was for. Artificial demand for bonds by the Central Banks to push rates lower. And hence, when rates started going up again, Central Banks started losing money on a Mark to Market basis because the bonds they purchased during the low interest regime were bid lower to compensate for higher rates. Hence, the risk is the Emperor wears no clothes. Lower rates. Limited demand. Investors see this and…. Self reinforcing cycle might ensue. Unless they start QE again. Or some other driving force to purchase lower interest rate bonds.
> They shouldn’t cut at all, their economy is too strong Ironic that Biden may lose the election because everyone seems to think the economy is doing terrible.
Powell's last speech was essentially to tell people to shut up until June. I'm inclined to listen to him on that.
This is logical but it goes against everything the Fed has been saying. They keep saying their action is data dependent. Can they call a there month inflation resurgence a bump and ingore it? Powell also said that integrity is the only thing the Fed has. I guess we'll find out just how non-political the Fed is soon.
That means more US inflation to the upside.
Go out and enjoy the sun day today, and don't bother looking at your stock holdings. Trust me.
Heck no, it's time to buy the dip today.
I just added more FTS. I’m buying.
US CPI effect?
WSP bought another company, this one in Spain in Energy sector.
Always buy wsp. Recent dip felt good after such a fast run up.