The U.S. economy is churning out, for the most part, solid economic data and the broader markets are at record levels. In fact, many Wall Street analysts are predicting the S&P 500, which recently broke the 3,000 level for the first time, could surge past 3,200. Yet, amongst all of the bullish sentiment, two well-known […]
16
Jul
Jul
Bank of Canada Maintains Lending Rate of 1.75% The Bank of Canada announced it was leaving its key interest rate unchanged at 1.75%. The central bank modified its economic outlook for the Canadian economy, saying it expects slightly stronger growth in 2019 and weaker growth in 2020. The dour outlook is being fuelled by the […]
As we enter the second half of the year, our Chief Options Specialist, Jason Ayres, provides a market overview for July 2019. Here’s what is happening in the market: The old saying that “the market climbs a wall of worry” seems to be quite fitting as uncertainties surrounding trade relations between the U.S. and China […]
09
Jul
Jul
U.S. stocks closed out the best June in decades with momentum carrying into the second half of the year. The S&P 500 is at record levels and stocks closed at a record high on July 3, for the third day in a row. The TSX meanwhile is less than 1% off a new record close. […]
Welcome to our monthly review of the markets! Here, our Chief Options Specialist, Jason Ayres, who is also CEO of Croft Financial Group, provides a market overview for June 2019. Watch the video below to see how the market conditions are impacting investors.
02
Jul
Jul
S&P 500 at Risk of Third Quarter Correction on Weak Economic Data The S&P 500 is less than one percent away from a new record, but there are growing concerns that the broad-based index could lose 10% of its value in the third quarter, and officially, send it into correction mode. The reason? Persistently weak […]
27
Jun
Jun
Record Stock Market Levels Mask Earnings Reality The S&P 500, Nasdaq, Dow Jones Industrial Average, and TSX are all trading at, or near, record stock market levels. On the surface, how can this be anything but good news? But if you dig into the data even a little bit, you’ll see that North American companies […]
20
Jun
Jun
Fears of 2020 U.S. Recession Grows According to a majority of American Chief Financial Officers, the second longest economist expansion in American history is expected to hit a wall in 2020, just before the U.S. presidential election, sending the U.S. into a recession. That would be bad news for President Donald Trump, who campaigned on […]
13
Jun
Jun
U.S. Economy Slows in May, Creates Fewer Jobs Than Expected The U.S. economy is showing signs of weakness and things could get worse. In May, the U.S. created just 75,000 jobs, far lower than Wall Street expected. Wage growth has also slowed significantly. A slowdown means American consumers are going to have less money in […]
10
Jun
Jun
Canadian Economy Continues to Show Signs of Weakness The Canadian economy continues to show signs of weakness. Statistics Canada reported that the Canadian gross domestic product (GDP) advanced just 0.4% in the first quarter of 2019. In the fourth quarter of 2018, the Canadian economy expanded a paltry 0.3%. While the Bank of Canada predicts […]
