Stocks Suffer Worst May Since 2010 President Donald Trump shocked global markets when he tweeted that he would hit Mexico with a 5% tariff on all imports into the U.S. on June 10. The unexpected announcement comes at a time when North American markets are already reeling from a U.S. trade war with China. A […]
30
May
May
TSX Suffers Worst Day of 2019, Crude Oil Has Worst Week The Toronto Stock Exchange (TSX) has been one of the best performing exchanges in 2019, but it recently went through a terrible week. On Thursday, May 23, the TSX suffered its worst day of 2019 as investors dumped technology stocks as well as stocks […]
Ever laid down to sleep at night and been overwhelmed by the noise in your head, the rush of thoughts, feelings and ideas coming at you so fast with so much intensity that you are incapable of processing them all in a way that allows you to drift off into a peaceful sleep? Ever gotten […]
Want to know the secret to how pro traders achieve their objectives with their trading? They plan for it! They take the time to reflect on their performance of the year that just passed, set goals for the coming year and make a plan for achieving them. Uh oh … I think I just heard […]
23
May
May
Precious Metals Should Rise on U.S./China Trade War Precious metals like gold and silver, which are often viewed as a safe haven investment, have been on a rollercoaster over the last year. Most recently, silver and gold prices trended significantly higher during the market wide sell-off in the fourth quarter of 2018. While precious metals […]
Lately I’ve been hearing from a lot of traders who are frustrated that the market is not giving them a lot of opportunities. Frustrated because they aren’t seeing big winning trades or huge gains in their account balance. Too many people come to trading with the expectation that it will be like winning the lottery, […]
16
May
May
Major Indexes Rattled as China Announces New Tariffs The long simmering trade war between the U.S. and China is heating up and the global markets are reeling. China announced on Monday, May 13 that it was raising tariffs on $60 billion-worth of U.S. products. The move is in retaliation to the increase of duties President […]
09
May
May
TSX Retraces on Lower Oil and Gold Prices The TSX has been one of the best performing stock exchanges in 2019. On April 23, the TSX hit a record intra-day high and record close. By the end of the first week in May, the TSX had advanced 16.0% year-to-date. Despite broad-based investor optimism though, the […]
02
May
May
Central Bank Keeps Lid on Rate Hikes, Cites Weak Economy The Bank of Canada kept its key interest rate unchanged and also downgraded its growth forecast for 2019. The Canadian economy had been chugging along in 2017 and 2018, but hit a brick wall in the fourth quarter of 2018, with the economy expanding at […]
25
Apr
Apr
TSX Closes at All-Time High During the fourth quarter of 2018, the TSX tumbled and ended the year 17% in the red. It’s been a different story in 2019. On Thursday, April 18, the TSX closed at a record 16,612.81, eclipsing the previous record close of 16,567.47 set in July 2018. Since the start of […]
