“Faith is taking the first step, even when you don’t see the whole staircase” – Martin Luther King, Jr. TSX Finishes Positive for Sixth Straight Day, Wall Street Winning Streak Snapped Don’t look now, but the S&P/TSX Composite is on a Six-Day winning streak and is up 1,100 points (over 8%) since its recent bottom… Read More
The You First Blog
“Voting is as much an emotional act as it is an intellectual one” – Monica Crowley North American Markets Down Friday, Up for the Week On Tuesday, Americans went to the polls and cast their ballots for the 2018 Mid-Term Elections. Analysts’ predictions of a Democratic House of Representatives and a Republican Senate held… Read More
“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves” – Peter Lynch Another Down Week for Markets The market retreat continued this week, with the TSX and S&P 500 finishing the week down 3.76% and 3.95% respectively. The total drop from the… Read More
On March 9, 2009, the Dow Jones, the S&P 500, and the NASDAQ all bottomed out in the aftermath of the “Great Recession”. Since that date, all three indices have experienced rapid recoveries and expansion. We’ve now experienced nearly 10 years of expansion with few speedbumps along the way. When listening to commentary by economists,… Read More
“About the time we can make the ends meet, somebody moves the ends” – Herbert Hoover Anthony’s Financial Brief – 2018 Mid-Year Review Following a particularly volatile start to the year in the first quarter, many global equity markets delivered somewhat steadier returns in the second quarter. The MSCI World Index finished the period with… Read More
“Someone’s sitting in the shade today because someone planted a tree a long time ago” – Warren Buffett Bank of Canada Raises Overnight Rate to 1.50 Per Cent The Bank of Canada, as widely expected, hiked its benchmark interest rate on Wednesday. The rate now sits at 1.50 per cent. Two key growth engines –… Read More