Live Breaking News & Updates on Rbc Wealth Management
Stay updated with breaking news from Rbc wealth management. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Always very dangerous, but how about here, time to get in if you re already not, or just lay back and watch the selling? ray is urging caution, a financial advisor at rbc wealth management. why the cautious stance? well, i ve never been known as a permanent cheerleader on the market. i will say the recent data is starting to quantify and justify the rally, but if you look at where we have been over the last six months, i would say that investor sentiment is starting to get bold, seeing a new speculative stance in the market, investors looking more and more at the small cap names that have been left behind the rally. so i wonder how long this rally can really last with this type of momentum. i always worry about, i can t time rallies or when they turn, but i know for sure when theford reserve raises interest rates, ....
and he just simply didn t have the ammunition to deliver on that tonight. in all these cases, the answer was, well, it s complicated. well, that s not good enough. when you re called for economic confidence and use of political capital is hinging on, when spain clarifies, you have a problem. that statement should not do anything to make people feel economically positive about the future. when spain clarifies, we re going to get some answers, that was rather terrifying. i don t think anybody thinks spain is going to clarify or when they do, it will mean much. that s true. the first thing he said out of the gate was, that most of the eurozone leaders are not part of the g-20, and really, any real action was going to maybe happen at the summit of the eurozone leaders later this month. he led with the fact that nothing is happening here. so it was just interesting. but i mean, you know, i think he fried to communicate that he he heaped praise on europe, on them fo ....
Positive aspect of that and that was business spending was up 17%. now business spending, alex, is usually a precursor to job growth so the question remains will we have will this create job growth or were businesses spending money on things that would allow them not to hire workers on productivity enhancements. so i think it is a fairly positive report here, but what we ve seen since this data was collected is that consumer confidence is down. what we ve seen is that consumer spending is down. and we re seeing a lot of the manufacturing numbers start to slow down as well. so when you add this all up, it really looks like more of an overall slowdown even though parts of the economy are in fact picking back up. i think you re going to see a lousy number in the third quarter compared to even the second quarter. yeah, okay. we ll see indeed, thank you very much, rbc wealth management jim lacamp. a grim milestone in afghanistan as july becomes the deadliest month for u.s. troops sinc ....