Trend Letter Updates
As the Fed unwinds, what is the impact on interest rates?
As expected, the US Fed announced on Wednesday that it would start slowly reducing its massive $4.47 trillion balance sheet. Starting in October, the Fed will end its practice of fully reinvesting the principal payments of maturing bonds into new bonds, and instead allow $10 billion in holdings to roll off, meaning they will not […]
Headlines September 21/17
US stocks off slightly after Fed keeps rate path. Read story SEC reveals it was hacked, information may have been used for illegal stock trades. Read story Puerto Rico may be without power for months. Read story Bank of Japan member demands more stimulus. Read story Under NDP plan taxpayers will pay $ millions to […]
Is Toys “R” Us just the next cockroach?
Toys ‘R’ Us has filed for bankruptcy protection in the US and Canada as it attempts to restructure its debts. We have been highlighting for over a year now how big box retailers are on a death watch as online monsters such Amazon continue to wipe out the competition. While loss of market share is […]
Trudeau’s tax grab now after small business
Starting a new business can be a gut wrenching proposition, given the fact that most small businesses will not survive. In fact, according to the US Bureau of Labor, most businesses do not survive more than five years, and only one-third of new businesses last ten years. According to a report from Babson College, the […]
Headlines – September 12/17
S&P opens at record high as Irma weakens; Apple in focus. Read story Irma’s death toll rises; residents start to return to Florida coast. Read story Oil trades near $48 as OPEC said to discuss extending cuts again. Read story Trump plans aggressive road show to promote tax relief. Read story Home Capital shareholders overwhelmingly […]
US debt tops $20 trillion!
The US federal government racked up $318 billion in new debt Friday, putting it over the $20 trillion mark for the first time in U.S. history, according to new Treasury Department numbers. Congratulations Washington, we knew you could do it!
Is your car spying on you?
If you have bought a new car in the last couple of years, you may be shocked at how much data it is collecting about you. Of course it is not just cars that are collecting personal data, but any device that is connected to the internet has the potential to become a spy, even […]
Headlines – September 11/17
Wall St set for relief rally as Irma, North Korea fears ease. Read story Bye Bitcoin: China to ban commercial trading of virtual currencies. Read story Oil weakens on fears Irma could dent US demand. Read story North Korea warns US of ‘greatest pain’ if sanctions pass. Read story Trump calls for a tax reform […]
Headlines – September 7/17
US dollar tumbles as Yen, Euro rally on Irma, ECB. Read story Deadly Irma heads for Miami as Caribbean islands are wrecked. Read story Equifax executives sold stock after data breach, before informing public. Read story Trump urges Republicans to start tax reform immediately. Read story The cost of long-term care is going to bankrupt […]
Headlines – September 6/17
Wall St opens higher even as North Korea, Irma weigh. Read story Canadian dollar jumps as Bank of Canada raises benchmark rate to 1%. Read story US trade gap edges up; deficit with China at 11-month high. Read story Irma makes landfall in Caribbean, heads toward Puerto Rico. Read story How to track Hurricane Irma […]
Headlines – September 5/17
Stock market set for lower open as North Korea standoff intensifies. Read story North Korea threat prompts Japan evacuation preparations. Read story What heavier US military activity in the Pacific means for North Korea. Read story Putin warns of ‘planetary catastrophe’. Read story Euro area poised for fastest economic growth in a decade. Read story […]
Headlines – September 1/17
US job growth slows in August; wage growth retreats. Read story Dollar falls as weak job number cuts Fed outlook. Read story Retail US gas prices surge as Harvey keeps refiners shut down. Read story Putin warns North Korea situation on verge of ‘large scale conflict’. Read story Canadian economy smashes expectations with 4.5% […]
Headlines – August 31/17
Stocks gain on growth, US dollar extends run. Read story Texas Chemical plant explodes after Hurricane Harvey flooding. Read story Harvey shuts key US fuel pipeline. Read story China says it will never allow war or chaos at its doorstep as tensions escalate on Korean peninsula. Read story US oil set for biggest monthly loss […]
U.S. stocks rose on Wednesday after stronger-than-expected U.S. economic growth outweighed concerns about escalating tensions between the United States and North Korea, and uncertainty in the aftermath of Hurricane Harvey. The S&P 500 closed the day up .46% moving out of its short-term downtrend channel. Technology stocks lead the way higher, with the NASDAQ closing […]
Headline – August 29/17
Gold climbs as N. Korea missile test sees price at 2017 high. Read story Trump vows “all options open” after N. Korea launch over Japan. Read story S. Korea drops eight heavy bombs near N. Korea to show ‘overwhelming force’. Read story Oil prices dip as market assesses hurricane damage. Read story US dollar dives […]
Headlines – August 25/17
Stocks heading for best weeks in six ahead of Draghi,Yellen speeches. Read story Samsung heir jailed 5-years for corruption and bribery. Read story Oil trims weekly drop as storm heads for Texas;gasoline surges. Read story Draghi has reason to tone down the drama at Jackson Hole. Read story Trump to start push for tax reform […]
Market Recap – August 23/17
After its strong rally Tuesday, the S&P 500 pulled back slightly today, based on Trump’s comments about shutting government down and abandoning NAFTA. It remains in its near-term downtrend channel. Looking at what sectors have been the market leaders, we can see that while S&P 500 is up about 12% in the past year, it […]
Market Recap – August 21/17
It was a fairly quiet day in geopolitical terms, with no Trump or Kim Jong-un rhetoric. The S&P 500 managed to stop the slide from last week, closing up slightly. The weakest sector was once again the banks, with the SPDR S&P Bank ETF down 6.28% for the year. While the S&P 500 is up […]
Headlines – August 21/17
Wall St opens flat as North Korea, White House worries ebb. Read story N.Korea warns of ‘merciless strike’ ahead of US-S.Korea drills. Read story Moon warns North Korea against provocation during drills. Read story China’s Great Wall eyes Chrysler Fiat bid. Read story Speculators haven’t been this bullish on gold since October. Read story Eclipse […]
Headlines – August 18/17
Dow faces biggest 2-week drop in nearly a year. Read story Dozens mowed down, at least 13 killed, in Barcelona terrorist attack. Read story Russell 2000 small caps turn negative for 2017. Read story Trump scraps infrastructure council plan. Read story US-S.Korea war games start Monday as Pyongyang warns of ‘catastrophe’. Read story From junk […]
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