Investment Advice on the Radio

Markets are pretty much red today.

The rally is being derailed a bit by renewed fear of Greek default. This just won't go away! Greece requested a rescue consult with the European Union, the European Central Bank and the IMF. That has triggered a selloff in Greek gov't bonds and sent the Euro falling on the currency market.

The U.S. dollar is higher pretty much against all major currencies. This has brought global demand for commodities into question because they are priced in U.S. dollars. To add fuel to the fire, U.S. consumer sentiment took a negative turn in early April due to a grim outlook for income and jobs. Consumer sentiment is a proxy for consumer spending, which fuels about 70% of the U.S. economy. You remember what I said about your mind can only handle one thought at a time well despite good earnings it looks like economic data is taking over today. To find out more about managing your money in this environment visit our blog at yourlifeyourplan.ca.