Earlier this year Energy was one of the better-performing sectors, rising 17% from January to April. Fast forward to the middle of September, and Energy had the worst one-year performance (-4.59%), hampered by weakening demand and potential increased output from OPEC+. Wall Street sentiment can change in an instant though. Energy stocks got a big […]
Tag Archives: Stocks
17
Sep
Sep
September is living up to its reputation as being one of the worst months for the stock market. After a volatile start to August, which saw the S&P 500 and TSX both tumble more than 5%, North American stocks experienced another big drop in early September after U.S. core inflationary data came in higher than […]
24
Jul
Jul
Last year was supposed to be a difficult one for stocks. It wasn’t. In 2023, the S&P 500 rallied an impressive 24%, the Nasdaq surged 43%, while the TSX registered a return of 8.12%. Heading into 2024, analysts continue to be cautious predicting 5% to 10% gains for the S&P 500. How Will Stocks Perform […]
02
May
May
While most investors probably look to the major U.S. exchanges for the biggest annual gains, the TSX could still outpace U.S. stocks in 2024. However, that wasn’t what most analysts were expecting. After all, the S&P 500 rallied an impressive 22% in 2023 compared to the 5.8% growth on the TSX. That was then. It’s […]
09
Jan
Jan
A lot can change in a year. In January 2023, Canada’s inflation rate stood at 5.9%, the Bank of Canada increased its overnight lending rate to 4.25%, and the TSX closed out 2022 down 1.25%. Fast forward to January 2024, and the inflation rate is down, but still too high at 3.1%, the overnight lending […]
21
Nov
Nov
This year was supposed to be a mixed one for stocks, with rising interest rates, stubbornly high inflation, and lower commodity prices expected to be headwinds for Canadian and U.S. stocks. But it hasn’t turned out that way. In spite of economic uncertainty, the S&P 500 is up 17.5% year-to-date, the NASDAQ has rallied an […]
10
Oct
Oct
With many economists and analysts still predicting Canada will enter a recession in 2024, investors may be wondering what they should do? Capitulate, wait on the sidelines, or get involved? What Are the Odds of a Soft-Landing Recession? First things first, the long-promised recession has not yet materialized but most believe it will. The Bank […]
20
Sep
Sep
For the most parts, stocks have been having a pretty solid year with the S&P 500 climbing 17.4% from January through August and the TSX up 4.68% over the same period. These gains come despite stubbornly high inflation, high interest rates, and ongoing fears about a recession. Even the Cboe Volatility Index (VIX), which is […]
