Bay Street and Wall Street just capped off one of the worst trading years in decades with the S&P 500 falling roughly 20% and the TSX posting a negative return of 8.5%. The decline was not as big as in the U.S., mostly because the commodities and financials components account for a larger share than […]
29
Nov
Nov
There’s still a month left in the year but analysts are providing guidance for how they believe the Toronto Stock Exchange (TSX) and S&P 500 will do in 2023. The outlook for stocks listed on the TSX remains bullish while U.S. stocks may experience more volatility in 2023. Nothing is set in stone of course, […]
22
Nov
Nov
The S&P 500 has been trending steadily higher since the middle of October, rallying an impressive 12%. Over the same time frame, the TSX advanced 5.3%. But that momentum hit a brick wall in the middle of November amid concerns the Bank of Canada and U.S. Federal Reserve will need to continue their aggressive rate […]
15
Nov
Nov
Wall Street finally had reason to cheer after data from the U.S. Labour Department showed that inflation cooled in October to its slowest pace since the start of 2022. This sent stocks significantly higher and provided investors with some hope that the Federal Reserve will slow down its unprecedented steep interest-rate hikes. The consumer price […]
08
Nov
Nov
October is known on Wall Street as being a bear-market killer. And that maxim held true this year with the Dow Jones Industrial Average recording the best October in its 126-year history and best month since 1976. The blue-chip barometer entered the month in bear market territory, down 21% year-to-date and 22% off its early […]
The TSX may be doing better than the S&P 500 so far this year, with the Canadian index down 11.5% and the S&P 500 in bear market territory, but earnings season is showing a big divergent between the two. What Are Third Quarter Earnings Telling Us? According to the most recent data, the S&P 500 […]
20
Oct
Oct
Canadian Thanksgiving may have been a day to celebrate with family and friends, but that cheer didn’t get carried over into a day of strong trading on Tuesday, October 11. Instead, the TSX continued to sell off; over just four trading days the TSX lost more than 1,100 points and is trading at its lowest […]
11
Oct
Oct
Wall Street and Bay Street both ended 2021 at record levels and even extended those gains in the opening days of 2022. It’s been all downhill since then. Wall Street just reported its third straight quarterly loss while the TSX closed out its second consecutive quarterly loss as rising inflation and a looming global recession […]
Stocks continue to fall and the U.S. dollar is surging higher. With interest rates on the rise, inflation still at decade highs, and the odds of a global recession now hitting 98.1%, it appears that volatility is going to remain. The Dow Jones Industrial Average, which is an index made up of 30 large U.S. […]
29
Sep
Sep
Historically, September is the worst month for stocks. And September 2022 continued that tradition with heavy selling sending the S&P 500 to its June lows and re-entering bear market territory, which is defined as a drop of 20% or more from most recent highs. While September’s unprecedented sell-off was bad, October could be even worse. […]
