Skip to main content

Monthly Archives: October 2023

Weekly Update for the week ending October 13, 2023

Posted on by

Items that may only interest or educate me ….

Canadian Economic news, US Economic news, A new investing resource, AI at work …

Apparently, mid October is when the stock markets historically start to rally until the end of the year. After 18 months of rate hikes by the Canadian and US central banks, both economies have avoided a recession. In Canada, the growth in the labour market easily surpassed expectations for the last three months. It is a similar story in the US, only a stronger labour market and more robust economy. Inflation that refuses to go away is the speed bump preventing the markets from rallying. But let’s not get ahead of ourselves. Here’s a quick look at items that caught my attention this past week.

2023 Third Quarter Review

Posted on by

Since the start of the year, all four of the major North American indexes – Toronto Stock Exchange Composite Index (TSX), the S&P 500 Index (S&P), the Dow Jones Industrial Average (DJIA), and the Nasdaq Composite Index (Nasdaq) – finished the first half higher than they started, as did the three portfolios, thanks to a bull run in the Nasdaq and the S&P. Unfortunately, what had been a strong bull run for the first half of the year, saw the emergence of a bear or two in the third quarter.

Let’s look at what happened during the third quarter of 2023 ….