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Strategies & Market Trends : Canadian Market Direction
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To: andy who wrote (15)6/12/1997 1:52:00 PM
From: Jan Johnstone   of 35
 
Looks like a Fed hike may have to be postponed till August 20 FOMC meeting. The only real stumbling block is CPI on Tuesday, but guesses are this should be well behaved.

The TSE should outperform the DOW through the summer, if rates are steady, too much productive slack up here. I'm as surprised as anyone, how the US is slowing down without Fed help. Rational Expectation theories anyone ??

I take back the bearish predictions I've made on markets, TSE may see 7000 by yearend, notwithstanding any shocks.

Jan
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