American Chief Financial Officers Predicting a U.S. Recession in 2020
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…
U.S. Economy Surprises, Adds Just 75,000 Jobs in May
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…
Canada Reports Weakest Back-to-Back Quarters of GDP Growth Since 2015
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…
Fears of a Recession Grow as President Trump Wages Trade Wars with Mexico and China
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…
Toronto Stock Market Up After Worst Day of 2019 but Issues with Trade and Oil Remain
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…
Are Your Mental Monkeys Helping or Hurting Your Trading?
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…
Use What the Pros Use to Achieve Success
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…
Are Gold and Silver Safe Haven Investments for the U.S./China Trade War?
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…
Being Patient Pays
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,…
TSX and Nasdaq Tumble to 2-Month Lows as China Hits Back with $60 Billion in New Tariffs
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…