Podcast
What Happened Today in the Markets?
Will Simpson and Greg Wise
January, 10, 2025
At Aretec, we are ready and positioned to manage the volatility and take advantage of good buying opportunities.
The markets were down today on the back of stronger than expected jobs reports out of the US and Canada.
Canada added 91,000 jobs in December and the US added over 250,000 jobs, blowing past expectations, showing the strength of both economies and pushing back the timeline for future rate cuts.
Markets are off in the 3-5% range since mid-December when the Fed started talking about slowing the pace of rate cuts.
This is a headwind for markets and we are seeing more volatility not just to the downside, but also to the upside with all the changes going on in the world.
For the time being, we are still maintaining our red light positioning and have higher levels of cash to manage risk. That being said, we are ready to deploy cash when the time is right, and our market indicators give us a confirmed buy signal.
Please reach out if you have any questions or would like to discuss your investment portfolio, wealth plan or financial future.
If you have any family or friends that we may be able to help, we are here as a resource. We are here working for you.
We want you to be wealthy. We want you to feel wealthy.
We want you to Realize your Wealth™.
Best,