For U.S. stocks, my wife and I hold 17 Dividend Achievers, plus 3 stock picks. In Canada, I hold the Canadian Wide Moat 7, while my wife holds a Canadian High Dividend ETF – Vanguard’s VDY. There is also a modest position in the TSX 60 – XIU. The U.S. and Canadian stocks both outperform […]
Financial stuff is starting to break – on the Sunday Reads.
True to form, September was not kind to stock markets. The S&P 500 slumped 9.34% for September, final figures show, with the index posting a six-session and three-week losing streak in the month. It was the worst month since the beginning of the COVID correction in March of 2020. And thanks to rate hikes that are increasing […]
What stocks and ETFs are you buying? On the Sunday Reads.
I’ve posted the above question on Twitter, on Seeking Alpha, in emails and texts. What are you buying? We are having a solid correction in stocks, REITs and bonds. Assets are going on sale. And sure, stocks could go lower. Bond yields could go higher (lowering bond prices). The thing is, no one knows how […]
Investors gather to stare at the Fed divot on the Sunday Reads.
Last week on the Sunday Reads, the Fed pivot had turned into a divot. This week the markets continued to fall, pricing in more rate hikes and earnings headwinds and recession risk. The S&P 500 was down by 2.8% this week. The tech-heavy Nasdaq was down 3.8%. Canadian stocks were down 2.3%. Inflation continues to […]
Big Canadian banks, value stocks rule and the big Fed divot on the Sunday Reads.
It was an exciting week in the markets. Most of the big Canadian banks reported earnings, with mixed results. That said, the Canadian consumer and banks are holding up quite well considering the economic tremors that many feel. The earnings represent the state of the nation for the period ending June 30. Ongoing rate hikes […]
The Fed pivot turned into a divot.
It was a more than interesting week. Not much mattered until Jerome Powell (the U.S. Federal Reserve Chair) delivered comments on Friday. He came clean. Or at least he helped to reverse the delusion created by stock market enthusiasts that the Fed would ‘pivot’ and reverse course on the market-unfriendly series of rate hikes. Rates […]