AM 1150 Kelowna - Radio Rallies & Reversals

After what felt like the first weekend of summer, global equity markets have all started the week in the green. Potential market moving news this week is: Bank of Japan policy announcements today and tomorrow; Empire State Manufacturing index in the U. S. tomorrow and manufacturing shipments in Canada tomorrow as well; On Wednesday we have a number of reports out of the US such as housing starts and permits, capacity utilization and industrial production; and finally on Thursday we have leading indicators in the US and wholesale trade in Canada.

With July around the corner, be ready for the 'mid-summer triple combo'. According Thackray's Investor's Guide: "When a summer rally does occur, the bulk of the gains are made in July. The broad market tends to do well in the first half of the month; In the last half of the month, the energy, gold and utility stocks start their seasonal rallies."

GB