Investment Management and Financial Planning Thoughts

The Dow held over $11,000 for the 1st time since September 2008. It's the start of earnings season in the U.S. and the 1st bell weather company to report was in line with earnings but outta line with revenues. The result is markets are in the red this morning.
In Canada, commodities are leading the charge lower and the Canadian dollar is also down. The loonie has run to parity on the back of rising oil. You have to wonder how long that can last. We are nearing the end of seasonal strength for oil, we have excess oil supply and some oil stocks are getting pricey from a P/E perspective. That being said, long term we remain bullish on the Canadian dollar but think any advance may be driven by yield vs. oil. Our trading strategy is to look at reducing our energy exposure in the next month. For more on this visit our blog at yourlifeyourplan.ca