Items that may only interest or educate me …. Santa rally, US CPI report, US interest change, EVs killing the AM radio stars … Will there be a Santa Claus rally in 2022? The stock markets typically get a boost in December’s holiday season thanks to upbeat retail/individual investors, many with year-end bonuses itching to […]
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The Weekly Update for the week ending December 9, 2022
Items that may only interest or educate me …. Oil price caps, latest change to the Canadian interest rate, electric vehicles are not enough to offset the energy consumption of global population and economic growth, will there be a Nickel cartel, … This week marked the start of the Group of 7 (Canada, France, Germany, […]
The week ending September 9, 2022
Fractional shares…. As expected, the Bank of Canada (BoC) raised the benchmark interest rate in Canada by 0.75%, bringing the Canada’s benchmark interest rate to 3.25%, a 14 year high. The new rate is now above their target range of between 2% – 3%. The BoC said they will maintain their aggressive stance and the […]
The week ending September 2, 2022
Fractional shares…. Despite slumping the week ended August 26, the S&P 500 Index (S&P) had bounced back 15% since its June low and all 11 sectors of the index have been in the black since the start of the third quarter (July 1). Bet you did not know that was the S&P’s best start to […]
The week ending August 19, 2022
Spare change …. Canada’s Consumer Price Index (CPI) inflation for July was 7.6%, down from June’s 8.1%, but still well higher than the Bank of Canada’s target of 2%. As in the US last week, the fall in the price of gasoline was the main driver in the lower CPI. However, when volatile components, such […]
The week ending August 12, 2022
Spare change…. After falling 20% from its April highs to its June lows, thanks to a July rally, the Toronto Stock Exchange Composite Index (TSX), is now up 10% from it June lows. Before getting too excited, the TSX is still down almost 6% in 2022. The good news continues in the US where the […]