Tuesday Morning Radio Spot
Rallying -Worldwide stocks are on the rise today, most markets are up over 1%. We had encouraging services sector data out of the US and Japan cut its key interest rate to zero per cent. This is driving commodities higher. Oil prices are rising and Gold rose to a new record of over $1330 an ounce.
Reversing - Not much to report other than the US $ and government bonds selling off.
Gord mentioned yesterday, September is historically a bad month for equities, but the S&P500 finished with its best September return since 1939, 8.92% higher. That's double the TSX return for September. In cases where September is a positive month, the S&P500 has tended to be positive for October too, however it is the most volatile month. With this in mind, you may want to look at ways to protect the downside while capturing any upside. If you have any questions call me at 868-5525 or visit yourlifeyourplan.ca.
Reversing - Not much to report other than the US $ and government bonds selling off.
Gord mentioned yesterday, September is historically a bad month for equities, but the S&P500 finished with its best September return since 1939, 8.92% higher. That's double the TSX return for September. In cases where September is a positive month, the S&P500 has tended to be positive for October too, however it is the most volatile month. With this in mind, you may want to look at ways to protect the downside while capturing any upside. If you have any questions call me at 868-5525 or visit yourlifeyourplan.ca.
posted by David Allard at
10:33 PM
0 Comments:
Post a Comment
<< Home