The first week of 2024 got off on the wrong foot for U.S. stocks. They slipped by 1.80%. North of the border the big Canadian dividend payers rose to the occasion delivering 1.5%. Given that, it might be fitting that I updated the Beat The TSX Portfolio post to include the returns for 2023. That […]
The 2023 investment year in review on the Sunday Reads.
Let’s just call 2023 the year most everyone got most everything wrong. Inflation is now under control and the higher rate environment did not cause a recession. We can thank banked pandemic savings, plus strong employment and wage gains for the resilient economy. Economists called for a recession in 2023. Market experts predicted negative to […]
Eight weeks and running on the Sunday Reads.
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 […]
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 […]