Wednesday - Fed held the rate steady. During Powell's speech, they are looking to hold the rate steady with 0 to 1 interest rate cut this year. What does it mean? How does that impact the market?​​​​ Bond market maintained its st​rength Gold has fallen around 10% in the last week or so Silver has been dropping as well. Silver has been forming a top similar to major bubbles. Oil price spiked up above $100 but now dropping down to low 90s. The stock market initially went down but recovered later the day on Thursday. Similar to Bank of Canada, the Fed is holding the interest rate steady as oil price is high.​ ​My forecast remains that if oil price drops in the coming months, the stock market will rise. Cheers, Eric Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com If you are looking for free materials to get started with your investing journey, here's the monthly passive income materials 1. First - you can attend the free webinar:  https://5mininvesting.com/value-video-2-0/ 2. Here’s the basic strategy to generate income for retirement - covered calls (and selling cash secured puts). Here’s the video: https://youtu.be/JjlszDh4-sI 3. Free Chart course - to set up your chart like mine to find discounted stocks: https://www.skool.com/invest-retire-community-1699/classroom/c1a58085?md=bede8cf0299045df9ecdf76396d43135 4. If you are interested in Investing Accelerator, you can schedule a call to ask any questions you have before joining the program: https://bit.ly/48mJlgR Remember there are additional resources in the classroom tab.