You may have noticed that there was an election in the U.S. this past week. Donald Trump will be returning to the White House. As comedian Bill Maher joked, Americans never turn down seconds. The good news is, it was a convincing victory. There will be a peaceful transfer of power. Others will say, the […]
Jumbo rate cut spurs stocks, on the Sunday Reads.
This was the Super Bowl for economists, market makers and market watchers. Wednesday was rate cut day in the U.S. and the Fed did not disappoint, kicking off the rate cut cycle with a 0.50% hike (hut, hut). Go big or go home, right? Recent lower inflation reports cleared the opening for Jerome Powell and […]
Canadian banks, pipelines, gold and more on the Sunday Reads.
We’re in one of those weird (but good) stages when just about everything is working. Across the board stocks are delivering. Bonds are back, meaning the balanced portfolio is back, and at all-time highs. Gold is also setting new highs. In fact it’s all kind of ‘goldilocksy’ these days. Inflation is behaving as we prepare […]
Canadian stocks are on a win streak, on the Sunday Reads.
Canadian stocks posted a 3.33% gain for the week. It was the second consecutive week of solid gains after the near panic on Monday August 5th. U.S. stocks were up 4% while international stocks were up 3.5%. It was a week of fireworks and champagne cork popping for equities. It’s OK to celebrate, especially if […]
A crazy week to forget on the Sunday Reads.
In last week’s Sunday Reads we looked at the projected rate cut path in Canada, and the recent stock market weakness. That weakness and jitters turned into a panic on Monday. But go figure, the stock markets then recovered nicely throughout the week. U.S. stocks ended up where they were a week ago. As I […]
The path of rate cuts, plus bonds ‘spike’ on the Sunday Reads.
In the Sunday Reads we’ll look at the expected path to rate cuts in Canada. The most aggressive estimates have the Bank of Canada down to 2.75% in 2025. We’re currently at 4.5%. There is also the likelihood of rate cuts in the U.S. in 2024 due to some softer economic reports this past week. […]