September 2023 Newsletter Introduction

How was your Summer? I am aware this is the year for travelling – especially to Japan! There is currently a shortage of chips for Japan’s local train passes so it’s very hard for travellers to use public transit to get from one to another. So if you’re planning to visit – I highly recommend you talk to your friends and family if they have a transit card you can borrow! The saying rings true – as you get older – Time seems to past by so fast! I felt my Summer was a blur with work and spending time with family. I got to end my Summer by going to PNE and firing up the grill! 

So how was my experience in August in regards to the market – I definitely felt an immediate impact of lack of activity and interest. Speaking to my fellow colleagues, they also feel the impact so it’s goes right across the board. I can assume this may be due to the to the Summer influence of many are out of town or want to prioritize their time to enjoy the outdoor festivities. There is also some possible hold back of wait and see on whether the next rate announcement will impact purchasing power as well. 

Leading into the topic of the interest rates, it appears that the steady increments of interest rates since July have done it’s job to curb inflation. With that being said, this September announcement will probably be no change will remain the overnight rate of 5% for the remainder of the year. What do you think? 

– Sam