Is Bitcoin on the Verge of a Bull Run?
Bitcoin Passes Resistance Level, Remains Bullish…For Now Bitcoin is the largest cryptocurrency by market cap, at $70 billion. It is also the most well-known of the hundreds of cryptocurrencies out there. Like all cryptocurrencies, bitcoin has been on a volatile ride, with optimistic analysts seizing on any upticks, hoping for a bull run. For technical…
The Canadian Dollar Has Been Bullish in 2019, But Is It Time to Sell?
Canadian Dollar Gets Boost from Solid Jobs Data Like the broader stock market, the Canadian dollar was in free fall over the last three months of 2018. It’s been a different story though in 2019, with the loonie rising against the U.S. dollar. The Canadian dollar got an additional boost on February 8 on unexpectedly…
January Was Stellar, But Are the Best Stock Market Gains for 2019 Already Over?
The devastating sell-off that took hold in October reached its zenith on December 24, marking the worst Christmas Eve decline on record. Since then, the bearish sentiment has vanished, and stocks have been bullish. Very bullish. January 2019 was the best January for stocks in 30+ years. What does that point to for the rest…
Is Canada One of the Riskiest Markets to Invest In?
Is investing in Canadian equities riskier than you think? According to one professor of finance, Canada is No. 1 when it comes to the percentage of money-losing companies trading on its public markets. But there may be more to this doom-and-gloom declaration than meets the eye. This fact further shows why it’s important for investors,…
Oil, the Most Widely Traded Commodity, Remains Volatile in Early 2019
There doesn’t seem to be a lot of consensus on commodity prices in 2019. Or rather, opinions seem to be at polar opposites. Depending on who you ask, commodity prices are either going to rally in 2019 or be depressed. There are a lot of different reasons why a single commodity could be bullish or…
Momentum Slowing: IMF Cuts 2019 Growth Forecasts for Canada and World
Global Economy Set for Weakest Growth in Years The stock markets may be closing in on the longest bull market in history, but economic indicators, which are reflected in corporate earnings, suggest the momentum on Bay Street and Wall Street is grinding down. The International Monetary Fund (IMF) cautioned that the global economy is slowing,…
World’s Best Economic Indicator Flashing Warning Signs
Canadian and American stocks have roared back after the December disaster on Bay Street and Wall Street. Despite the bullish sentiment though, some analysts think the S&P 500 and TSX will test the Christmas Eve lows of 2018. Does this mean investors should take a wait and see approach or should they embrace the stock…
After Worst Stock Market in 10 Years, Will 2019 Be Any Different?
For nine years investors were able to take stock market gains for granted. It was a different story in 2018. Stocks are down and volatility is up! All of the major indexes finished 2018 in the red, leaving investors concerned about what 2019 has to offer. There is a chance 2019 could be a winning…
How Will Divided U.S. Midterm Results Affect Stocks?
Gridlock in Washington Is Actually Good for Stocks The November mid-term elections south of the border was supposed to usher in a blue wave, instead, it was more of a puddle. Still, Democrats took control of the House and Republicans extended their hold on the Senate. For investors, a split Congress is a best case…
Stock Market Sell-Off Erases Annual Gains: Could This Correction Lead to a Bear Market?
The stock market has been choppy to say the least, with the S&P 500 having lost nine percent of its value. The index has also erased virtually all of its gains in 2018. Many investors are wondering if this is a short-term correction or if a Bear Market is just around the corner. Should investors…