News Snapshot:
The stock market saw buying in the second half of October over expectations of easing interest rate hikes. Investors now expect rate hikes to slow from 75 basis points to 50 basis points in December. The U.S. Federal Reserve and Bank of Canada are nearing their targeted rate of 3.75%-4% and 4.25% in 2023. These rising interest rates pulled down growth stocks as investors focused on dividend stocks. November and early December could bode well for growth stocks unless the Fed decides to increase its target rate to 4.50%-4.75%, which will mean more rate hikes. Growth stocks to buy in...
