Fed Chairman Powell’s remarks and the NFIB business sentiment survey sliding this past session wouldn’t urge the S&P 500 nor Dollar into a productive trend
The upcoming CPI release will likely trigger volatility across the market – including for oil – but this commodity tends to draw more on the macro factors of growth and interest rates
While the market’s sidled higher with a backdrop of tempered rate expectations, there is significant contrast in recession risks and risk from extremely complacent conditions
The Bank of Nova Scotia is currently yielding 6.2%, a significant premium over the Scotiabank long-term average yield of 4.7%. Read more on BNS stock here.