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Compiling comments that experts make about stocks while on public TV.


General Comment by Michael Smedley

Bias Subject Owned

Markets. The US is expected to raise interest rates in September, and Canada follows in October. The banks should do better because the spread widens for them. The curious thing is that almost every stock going up in the past few days are reset rates preferreds, which are doomed. People are expecting rates to go higher and higher, but they won’t go that much higher. Mines and metals are beginning to glimmer a bit without anyone saying very much. Hard assets are going to go up a bit with inflation and interest rates.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates

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