Markets could be challenged by Washington stimulus talks and China tensions Stocks head into the summer doldrums with concerns about a lack of progress in Congress on stimulus spending and rising tensions between the U.S. and China. The market has so far priced in a stimulus package of at least $1 trillion, but stocks edged […]
Category: Market Summaries
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Market Summary: Week of August 7
Canadian stocks extended the previous week’s gains, while the Nasdaq set another record on better-than-expected economic data and improved trends in U.S. COVID cases. Business activity for the manufacturing sector expanded in Canada, and the domestic economy added 418,500 jobs in July, beating estimates. Following the three-month rebound, Canada has now recouped 55% of jobs […]
The jobs report and congressional politics may matter more for markets than earnings in the week ahead About 1.4 million jobs were expected to have been added in July, and Friday’s employment report could be big for the markets since expectations for non-farm payrolls fall in a wide range. About a quarter of S&P 500 […]
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Market Summary: Week of July 30
Up and down week. It seems as though the virus, jobless claims, and GDP don’t matter yet. Let’s just buy the big stocks and sell everything else I guess. Amazon had RECORD PROFIT in their earnings this week. Apple is doing a 4-1 split. The S&P 500 remains under 3300 points and was up 1.5% […]
Here comes one of the newsiest and most critical weeks of the summer for markets! In a summer of unending news, we may be heading into what could be the newsiest week of all. The Nasdaq’s sputtering rally could be put to its biggest test yet, as tech bellwether AAPL and other stalwarts of the tech rally […]
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Market Summary: Week of July 24
Definitely a noticeably slower week in the markets aside from Monday and Friday. With jobless claims up, COVID cases and deaths up, as well as China tensions increasing we finally got a little sell off going in the Nasdaq and the market over all. Of course earnings are starting to take their toll this week […]
Investors are braced for a barrage of earnings news, and the debate in Washington around the next stimulus package may also be an important catalyst for markets since it has implications for the economic recovery. Big tech names, including Microsoft, Intel, Twitter and IBM, are among companies reporting in the week ahead, as is high-flying Tesla. Blue chips Coca-Cola, Verizon, American Express and Travelers are […]
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Market Summary: Week of July 17
What a week it was. S&P 500 went sideways (0.5%), Nasdaq came down a bit (2.25%), and the DJIA crept up slightly (1.75%). For my fellow Canadians out there the TSX EXPLODED up (2%)! Again much volatility was experienced on an individual stock basis and gold came down to some multi month lows. Overall uncertainity […]
Updated: 2 days ago The worst earnings season in years is about to begin, and it’s possible the stock market could shrug off the sharp profit decline, as long as companies see some signs of a recovery ahead. Earnings are expected to fall by 44%, the worst quarterly performance since the Great Recession when S&P 500 […]
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Market Summary: Week of July 10
Canada records record job gains (no surprise). COVID cases continue to rise as the death toll stabilizes. The S&P 500, DJIA, and Nasdaq Composite were largely unchanged This week (all within +/-1% move). With that said the Nasdaq is still in god like territory and the markets continue to face unprecedented levels of market volatility […]