“I’d rather be pleasantly surprised than fatally disappointed” – Julia Glass Tempered Fed Cut Hike Speculation Leads Indexes Lower Major U.S. indices dipped to end the Friday trading session after a strong opening. The Wall Street Journal reported the coming Fed Cut would be 25 basis points; however, comments on Thursday by Fed officials inferred a… Read More
“We really can’t forecast all that well, and yet we pretend that we can, but we really can’t” – Alan Greenspan 2019 Mid-Year Outlook During this time of year, most investment firms release a mid-year or 3rd quarter market outlook. As usual, some indicators are supportive of a rising market, while others are not. We’ve culled… Read More
“A successful man is one who can lay a firm foundation with the bricks others have thrown at him” – David Brinkley Toronto Stock Exchange and Wall Street Finish June on the Upswing The S&P/TSX Composite rode gains in the discretionary sector to a 74.47-point gain on Friday, finishing June at 16,382.20. April GDP data showed… Read More
“Summertime is always the best of what might be” – Charles Bowden US Fed Holds Rate Steady, Hints at Future Cuts; S&P 500 Hits Record High Close The US Federal Reserve opted to hold its key rate steady on Wednesday but hinted that its patience is waning regarding a near-term adjustment. Stating that it would “act… Read More
“Winning isn’t getting ahead of others, it’s getting ahead of yourself” – Roger Staubach Major North American Markets Finish Positive The Toronto Stock Exchange posted a gain of 62.65 points (0.39%) on Friday to finish the week with a modest gain of 71 points. The industrials sector pushed the TSX upwards on Friday, as did financials…. Read More