Jul 04
Our next edition will publish on Monday, July 7th.
In the meantime, if you want more Tech Talk over your weekend, be sure to listen to ‘Market Outlook for the Second Half of 2025’ featured on Wolf on Bay Street, where Don Vialoux is the guest presenter. To be released tomorrow, Saturday, at 7.00 pm EDT on Corus Radio (Radio 640).
|
|
July 4th, 2025 at 10:53 am
July 9th will be a day that will dictate the direction of the markets. Is he going to kill his golden goose.
July 5th, 2025 at 11:22 am
July 9th – Somehow I get the feeling that the market has become innoculated to panic over Trump tariff announcements. I think market panic will only happen now when we get hard economic data showing an economic slowdown or a real rise in inflation and bond yields. As for short-term movements some negative trade announcement could give an excuse to take profits in an overbought market. That, however, will be countered by the FOMO crowd waiting for any pullback. The easy prediction is we get a test of the breakout by SPX from the Feb high of 6147 and shoot a bit below. I’m guessing maybe a minor 3% pullback with the real one coming in Sep/Oct as it seasonally usually does.
July 5th, 2025 at 12:36 pm
Larry
You echo my thinking, anything short term will be quickly bought up until the fall where the real economic results will be pouring in and likely to give the market an excuse to pull back greater than 5%. Still see the case this could lead to a much larger pullback if the economy sours as Trump officially kills the goose. However, with the stimulus of the recent bill in mind it’s unlikely the economy will swan dive until 2026.