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 […]
Stocks had their best week of the year on the Sunday Reads.
Stock markets in the U.S. cheered a rate pause and a weaker than expected jobs report. U.S. stocks had their best week of the year and of course, Canadian and international stocks played along. Equities notched sizable weekly gains as investors grew hopeful that the Federal Reserve’s rate-hiking campaign is over. The Dow was up […]
The Bank of Canada says “I’ll hold” on the Sunday Reads.
The Bank of Canada stood pat for the second time in a row. There are enough signs of economic weakness. And that economic weakness is likely to continue and accelerate. While inflation has been sticky, it’s also very likely that weakness will contribute to further downward pressure on inflation. The real estate sector appears ready […]
Buffett beats as stocks retreat on the Sunday Reads.
My latest article for Seeking Alpha shows that Warren Buffett and the team at Berkshire Hathaway is back to beating the market in a significant way. I have long suggested that retirees consider Berkshire as a holding. It is the largest position in my wife’s accounts. And maybe the stock belongs in most every account […]
Rates are on hold as China sinks on the Sunday Reads.
Last week I reported on the negative quarter of GDP growth for Canada. I also suggested that the Bank of Canada would hold rates. That was an easy call you might say, and as expected the overnight rate was held at 5%. That’s a slight sigh of relief perhaps for mortgage holders. But the bond […]