Tuesday, September 26, 2023 8:20:34 PM
Higher interest rates are generally not good for equity markets, said Small.
“Until that changes, until the Fed and the Bank of Canada and all the central banks say, ‘Okay, we’re done,’ this is going to be a difficult market.”
If there is any good news, it will be, it’s how we get a change of leadership in the White House. This administration has spent like there’s no tomorrow, created inflation, giving us higher interest rates and pricing people out of new homes, cars, etc. and will kill the market off. Stellantis and other car companies are going to have to compensate for the extra cost by raising prices on new vehicles. There’s only a slight chance we will get some sanity back in government, but none of them like to cut the budget, they’d rather us just pay higher taxes. Guess thats why there was talk about hiring 80,000 more IRS agents.
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