Friday Morning Investment Advice on the Radio

Jobs numbers came out better than expected in the US this morning and markets reacted positively. US stocks were up over 1% but gains were trimmed back below that level after the ISM non-manufacturing numbers came in at a slower pace than expected for August. US markets are up about 1/2% while the TSX is just slightly positive. This will be the 8th straight day of gains for the TSX if it can hold its positive momentum for the day. It's currentlty trading just over 12,100.
According to the American Association of Individual Investors weekly survey, bullishness on US stocks jumped from a 17 month low. The proportion of investors who now anticipate a gain in stock prices over the next 6 months jumped to 30% this week from 20% last week. However, declining bond yield suggest a negative outlook. With mixed messages, the key is to be flexible and active in your investment approach. If you're tired of a buy and hold approach get active and give me a call at 868-5525 or visit yourlifeyourplan.ca.