How Did Stocks Do in August? The broader markets crumpled in March on fears that the coronavirus was going to cobble Wall Street. COVID-19 has wreaked havoc on the global economy, but the markets have been going in the opposite direction, with investor optimism fueled by encouraging economic data and the Federal Reserve’s loose monetary […]
01
Sep
Sep
When Did The S&P 500 Hit a New Record? That was quick. The S&P 500 hit a record intra-day high on Wednesday, August 12 of 3,387.89, besting the previous record closing level of 3,387.15 from February 19. The S&P 500 closed out the day slightly below that level at 3,380.35. On August 18, the S&P […]
28
Jul
Jul
Why Is Gold So Bullish? The price of gold has been surging this year. Currently hovering at a nine-year high of around $1,870 per ounce, gold prices have soared 23% year-to-date and have climbed 30% since the COVID-19-fueled sell-off in March. The price of gold is expected to set a new record in the coming […]
21
Jul
Jul
What Is the Outlook for the Canadian Economy? It doesn’t appear as though the Canadian economy will experience a quick recovery. In fact, because of the devastating effects of COVID-19, the Canadian economy is expected to underperform for the next decade, as low commodity prices, weak foreign demand, and high household and business debt will […]
There is nothing else like it in the entire world. You don’t have a boss. You don’t need employees. You don’t need any products. You can set your own hours…the list goes on and on, not to mention, the potential income is unlimited and scalable. You can even sit in the corner of your room or anywhere in […]
In this month’s market review, our Chief Options Specialist, Jason Ayres, reflects on the June market conditions. Stocks were range-bound for most of May before a final push higher into month end. Meanwhile labour reports continue to reflect record job losses. Has the stock market gotten ahead of the realities/uncertainties? And how long will it […]
14
Jul
Jul
Are Both Canada and the U.S. in a Recession? Canada and the U.S. are both currently battling two recessions. The first is a short-term recession fueled by the coronavirus; eventually the number of infections and deaths will flatten, and a vaccine will be available. The second is a more traditional long-term economic slump; that one […]
07
Jul
Jul
How Did Stocks Do in the Second Quarter? Despite the fact that the U.S. and Canadian economics tumbled into a COVID-19-fueled recession, U.S. stocks ended up having their best quarter in more than 20 years and are trading at or near record levels. Unfortunately, that investor optimism may be misplaced. The U.S. and Canadian economies […]
30
Jun
Jun
Why Did Canada Lose Its Triple-A Rating? Canada became the first major economy in the world to lose its coveted triple-A rating because of the COVID-19 fueled economic downturn. Now poised to post its largest deficit on record, the COVID-19 pandemic has sent the country into a recession and resulted in soaring unemployment, massive spending, […]
23
Jun
Jun
How Will COVID-19 Impact the Canadian Economy Long-Term? COVID-19 has most likely done permanent damage to the Canadian economy and left it in a big hole. The economic downturn has been historic with the sharpest GDP contraction in history. The biggest questions right now are, which sectors have been hit the hardest and what will […]