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 […]
Category Archives: Blog
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 […]
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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. […]
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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. […]
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Sep
Sep
The Canadian dollar performed well in the months following the coronavirus-fuelled stock market crash, rising approximately 22% to $0.8329 U.S. The Canadian loonie barrelled higher on stronger commodity prices and optimism around the roll-out of the COVID-19 vaccine. Fast forward a year and it’s a different story altogether, with the Canadian dollar falling to its […]
15
Sep
Sep
Canada’s inflation rate cooled in July to 7.6%, down from its peak of 8.1% in June. This has led some to believe that we will avoid a recession. But inflation is still unmanageably higher, at its third highest point over the last four decades and up more than double from the 3.7% mark from a […]
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Sep
Sep
The Bank of Canada is scheduled to make its next rate announcement on September 7. Bay Street and Main Street are anxious to see what the central bank does in an effort to tame inflation, which is at a four-decades high of around eight percent. CIBC, one of the country’s biggest banks, said it expects […]
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Sep
Sep
One of the biggest questions investors want to know is whether or not the stock market has bottomed and if the recent run on stocks will hold. As per usual, it depends on who you ask, there will always be perma-bears and bulls. But there are reliable economic indicators that suggest stocks still have further […]
