Monthly Market and Portfolio Review
Markets kicked off June with a bang, dipped mid-month, then came roaring back to close with back-to-back gains. The Toronto Stock Exchange Composite Index (TSX) rose 2.6%, the S&P 500 (S&P) jumped 5.0%, and the Nasdaq Composite Index (Nasdaq) surged 6.6%, with all three hitting record highs. The Dow Jones Industrial Average (DJIA) advanced 4.3%, flirting with its own all-time peak.
US markets took another body blow at the start of this past week, once again set off by a tweet from President Trump. He renewed his public attacks on Federal Reserve (Fed) Chair Jerome Powell, calling him a “major loser” and demanding immediate rate cuts to juice the economy. Trump even floated the idea of firing Powell – a move that, while legally difficult, has rattled investor confidence.
Items that may only interest or educate me ….
Canadian Economic news, US Economic news, Canadian deficit increases, …