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Category Archives: Updates

Weekly Update for the week ending November 24, 2023

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Items that may only interest or educate me ….

Canadian Economic news, US Economic news, OpenAI’s Chaotic Leadership Change/Unchange ….

At the start of each week, I wonder if there will be any investing events that pique my interest enough to write about. The last two weeks have been thin on interesting events, at least to me. However, starting on November 17 it came out that OpenAI’s Chief Executive Officer was unexpectedly let go. And then rehired five days later. I thought this would be a short paragraph or two, but it took on a life of its own. But first …

Weekly Update for the week ending November 10, 2023

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Canadian Economic news, US Economic news …

It is earnings report season again, this time for the third quarter. The number of companies reporting in the three portfolios has been increasing steadily, reaching 35 this week. I admit it can cause one’s eyes to glaze over, however, these reports are crucial to understanding how the companies you own are faring.

With all the reports this past week, fortunately, there were no key economic reports in Canada or the US this past week. Otherwise, this Weekly Update would have gone on forever, writing it certainly seemed like it did. Sigh! 😊

Weekly Update for the week ending November 3, 2023

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Items that may only interest or educate me ….

Canadian Economic news, US Economic news, US Interest rate remains unchanged, Magnificent Seven update, ….

Following a turbulent October, North American stock markets regained their footing as November began, thanks to the US Federal Reserve (Fed)’s decision to leave the US benchmark interest rate unchanged. Although the Fed kept the possibility of future hikes open, widespread belief among analysts and investors suggests that the US interest rate might have reached its peak. If the Fed chooses to hold the rate steady at their year-end meeting in December, it will mark the third consecutive meeting without a change. Many experts view this as a potential indication of the end of the recent rate hikes. We shall see.

Weekly Update for the week ending October 13, 2023

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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.