Traders spooked by prospect of early end of QE3
Watching CNBC and BNN, you would think that the end of days was upon us. Stock, bond and gold markets have tumbled in unison and many investors are running for the hills. One word – relax. It’s summer. Let’s take some time to look at this all rationally. I think a lot of the last few weeks have been an overreaction to the true situation. U.S, Fed Chairman Ben Bernanke only said that he will be...
Read MoreFed uncertainty pushed yields higher
Global equity markets posted gains in May, with the U.S. leading the charge higher on improving economic data. For the seventh month in a row, the index was in positive territory. The S&P 500 rose by 2.3% in U.S. dollar terms, but when the affect of a surging U.S. dollar is taken into account, the gain was 5.3% in Canadian dollar terms. Fueling the gains was news that housing sales were...
Read MoreGlobal Markets Rally Sharply Higher
Weakness in gold and materials continues to weigh on Canadian equities Global equities continued their impressive streak of gains while Canadian equities were lower thanks to continuing weakness in the materials and energy sectors. The S&P/TSX Composite Index shed 2.07%, while the S&P 500 gained 0.95% in Canadian dollar terms. The star of the month was the MSCI EAFE Index gaining 4.43%,...
Read MoreQ1 Rewards Investors with strong gains
Global markets outpace Canada as materials continue to drag The first quarter of 2013 rewarded investors, as global equity markets surged higher. The U.S. led the way with the S&P 500 rising by nearly 13%, finishing at a record high. International equities were also strong, as the MSCI EAFE Index and MSCI World Index rose by 7.4% and 10.1% respectively. Were it not for the rise in the...
Read MoreInvestors Rewarded Despite Mixed Signals
Most markets rally higher, Canadian dollar weakness amplifies gains for Canadian investors. February was another profitable month for investors with all major equity and fixed income markets moving higher. In Canada, the S&P / TSX Composite Index gained 1.3% on the month. U.S. equities were higher with the S&P 500 gaining 1.4% in U.S. dollar terms. For Canadian investors, the gain was...
Read More2013 Starts out Strong for Equity Markets
S&P 500 shows best monthly gain since October 2011. All equity markets in the black. Bonds post losses. 2013 started out very well with all major equity markets in positive territory. The S&P/TSX Composite Index gained 2.25% during the month, but lagged its global brethren. The S&P 500 gained 5.73% in Canadian dollar terms, while the MSCI EAFE Index rose by 5.74%. In fact, the...
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