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Welcome to our August 2019 Market Review! Our Chief Options Specialist, Jason Ayres, provides a summary of the market and explains why Learn-to-Trade.com has taken a defensive stance:

Here’s what happened in August:

  • Stocks continued to climb in July, which were driven by the expectation of a more accommodative monetary policy and a investor fear of missing out.
  • Stocks lost momentum, however, and finished where they started due to a lack of progress in trade war negotiations, the interest rate reduction priced in, and the looming interest rate announcement.
  • In Canada, stocks chopped about, healthcare and energy stocks lagged, and the tech and consumer sector outperformed.
  • In the U.S., stocks performed better than in Canada, but healthcare and energy stocks lagged, and the information technology sector outperformed.