U.S. Economy Cools in the Second Quarter and IMF Cuts Global Economic Outlook
Published July 31, 2019 |
U.S. and Global Economy Cooling From the sidelines, everything looks great on Wall Street. Stocks are up with the S&P 500, Nasdaq, Dow Jones Industrial Average, and Toronto Stock Exchange all at, or near record levels. The stock market is a forward-looking indicator, so that bodes well for growth prospects. Or does it? Precious metals Read More
Is Now the Time to Invest in Gold, Silver, and Bitcoin?
Published July 23, 2019 |
The U.S. economy is churning out, for the most part, solid economic data and the broader markets are at record levels. In fact, many Wall Street analysts are predicting the S&P 500, which recently broke the 3,000 level for the first time, could surge past 3,200. Yet, amongst all of the bullish sentiment, two well-known Read More
Bank of Canada Holds Rates Steady as Trade War Uncertainty Takes Toll
Published July 16, 2019 |
Bank of Canada Maintains Lending Rate of 1.75% The Bank of Canada announced it was leaving its key interest rate unchanged at 1.75%. The central bank modified its economic outlook for the Canadian economy, saying it expects slightly stronger growth in 2019 and weaker growth in 2020. The dour outlook is being fuelled by the Read More
Market Review – July 2019
Published July 15, 2019 |
As we enter the second half of the year, our Chief Options Specialist, Jason Ayres, provides a market overview for July 2019. Here’s what is happening in the market: The old saying that “the market climbs a wall of worry” seems to be quite fitting as uncertainties surrounding trade relations between the U.S. and China Read More
Record Stock Market Being Fuelled by Speculation, Not Earnings Growth
Published July 9, 2019 |
U.S. stocks closed out the best June in decades with momentum carrying into the second half of the year. The S&P 500 is at record levels and stocks closed at a record high on July 3, for the third day in a row. The TSX meanwhile is less than 1% off a new record close. Read More
Is the S&P 500 on the Brink of a Third Quarter Correction?
Published July 2, 2019 |
S&P 500 at Risk of Third Quarter Correction on Weak Economic Data The S&P 500 is less than one percent away from a new record, but there are growing concerns that the broad-based index could lose 10% of its value in the third quarter, and officially, send it into correction mode. The reason? Persistently weak Read More