The S&P 500 on Friday advanced 0.75% for the week to close at 4,754.63 points, posting gains in four out of five sessions. The U.S. stock market extended its impressive bull run to eight straight weeks, its longest such streak since early November 2017. Following the Federal Reserve’s long-awaited dovish pivot last Wednesday, economic data over the […]
Guesswork don’t work on the Sunday Reads.
Happy holidays and happy Sunday. This week we’ll kick things off with two videos on the same theme. The economist and financial prognosticator industry is massive. Just turn on BNN Bloomberg, CNBC, or other. The problem is, they all get it wrong, just about all the time. Charlie Bilello brings that to life with the […]
Following up a November to remember on the Sunday Reads.
Stock market returns in November delighted investors. While we don’t know what we will get, there is hope that the broadening rally (including more stocks and sectors) will give it some legs into December and 2024. Bonds and other assets classes are also pitching in – the everything rally they call it. As I’ve offered […]
A November to remember for stocks, on the Sunday Reads.
The history of stock market momentum signalled that November would be a strong month, and history more than rhymed. November delivered almost 9% for U.S. stocks and Canadian stocks had a strong month up over 6%. International stocks were up by near 6% as well. Bonds are back as well. With inflation cooperating and predictions […]
Canada is winning the inflation fight on the Sunday Reads.
Inflation continues to move in the right direction. While we have a ways to go to get to the Bank of Canada’s 2% target, it is good news. We can thank lower energy costs for much of the heavy lifting in the inflation report from this past week. It’s possible that lower energy prices might […]
Bears sound smart. Bulls make money on the Sunday Reads.
Today’s headline is borrowed from a Tweet that you’ll find later in this post. That notion is so bang on and perhaps summarizes what has been going on for a year or three, and well, forever. The investors and portfolio managers that have been scared off by the risks have been treated to some level […]