The S&P 500 is near a 52 week high. But what’s surprising is that less than half of all the companies that make up the index are trading above their 50 day moving average. This is strange because you would expect most components in the index to be doing well. But instead the recent rally seems to come… Read More »
Stocks are going up The commonly accepted definition of a bull market is when the price rises by 20% from its low point. And this past week the S&P 500 shot up to 4,170 points marking a 20% gain from its low back in October 2022. So the bear market is officially over and we are technically in… Read More »
When buying the dip doesn’t work this time. Often when the stock market sells off aggressively in a day or two, it’s because traders have overreacted. Stocks typically re-adjust soon after with a bounce. This pattern had been the norm for decades. But 2022 is special. Maybe this time really is different. Here’s how the S&P 500 index… Read More »
Stock Market Sell-Off Likely to Continue The S&P 500 is down about 18% year to date. Are we at the bottom of this market correction? Unfortunately the signs are pointing to no. Every week we seem to get more bad news. Just today Snapchat who reported earnings only a month ago says they will be missing projected financial… Read More »
In a rapidly changing world Environment and social issues are shaping how policy makers, consumers, and corporate executives behave. Therefore, investors also have to understand how these issues impact economies and financial markets. 🙂 In today’s post I’ll explain what those changes are, and what I’m doing to position my finances accordingly. As usual I don’t plan to… Read More »
Recent changes to my Tax Free Savings Account I sold all 175 units of my BMO Long Corporate Bond Index ETF (TSE:ZCM) I don’t think long term bonds are a good place to be over the next 5 to 10 years. Bond yields are so low right now. And if interest rates move higher, existing bond prices will… Read More »