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Here we go again! Canadian bank stocks were dealt another turbulent session, as the TSX Index wobbled following the release of America’s consumer price index (CPI) numbers. Inflation is acting quite stubborn, making it unclear as to when relief on rates will finally come raining down.
The good news is that long-term investors don’t need to concern themselves with a matter that everybody else is already concerned about. It doesn’t really matter if the Federal Reserve (down in the States) cuts a few months earlier, later, or just according to schedule. At the end of the day, smart investors look to individual companies and how they’re poised to perform over the course of years if not decades.
Seeking great companies at decent multiples. How about the bank stocks?
Personally, I think the best holding period for a truly wonderful stock ought to be measured not in years but…
