Weekly 2018-11-30

Weekly 2018-11-30

In relationships the three most powerful words are “I love you”. The markets only needed two words to feel loved this week and those words were “just below”. “Just below” refers to the US Federal Reserve Chairman referring to how...
Weekly 2018-11-23

Weekly 2018-11-23

Happy US Thanksgiving! The US stock markets were closed Thursday with a 1pm early close on Friday. This week was light on economic data but not light on market moves. Oil fell 7.7% Friday which was its biggest one day drop since July 2015. We look through the...
Weekly 2018-11-16

Weekly 2018-11-16

We have seen some big intraday swings this week and we like it. In our opinion it means that there is a battle going on between buying and selling. We also think that it means a change of direction which has been down recently. Further, while there are some excesses...
Weekly 2018-11-09

Weekly 2018-11-09

This week was one that brought a little more clarity. The US mid-term elections were on Tuesday and the markets rallied on Wednesday knowing that congress is now controlled by the democrats and the senate is controlled by the republicans. The US Fed spoke Thursday and...
Weekly 2018-11-02

Weekly 2018-11-02

October is known as a volatile month and this year was no exception. At one point the S&P 500 was down 10% since the beginning of the month. It finished down 7.3% while the TSX finished down 7%. Was there any one thing that caused the markets to be this soft all...