Friday Radio Investment Advice

Rallying -North American stocks are on the rise, driven by better-than-expected U.S. retail sales and acknowledgement from a key Federal Reserve official that the economy needs more stimulus. The Dow is up to 10,850. The S&P 500 is up to 1150. Both indexes closed on Thursday with their best September performances since 1939. In Canada, the TSX is in the 12,450 range, putting it on track to close at a two-year high. Commodity producers are leading the way higher. Crude oil rose to over $81 a barrel. At the same time, gold rose to $1317 an ounce.

Reversing -US $ is lower


Trading opportunity - Credit Suisse just upgraded the US telecom sector last week. They believe this sector will outperform the S&P 500 because lower growth for the US economy will translate into lower growth for the S&P 500 over the next 3-5 years. Given great yields and cash flows this sector should do well for investors. If you have any questions call me at 868-5525 or visit yourlifeyourplan.ca.