Radio Rallies & Reversals
Here's the line-up of macro-economic data for this week: Today we've got Canadian housing starts for October; tomorrow we've got US wholesale trade for September, and new housing price index for September in Canada; mid-week we've got some trade data on both sides of the border; and rounding out the week on Friday we've got consumer sentiment in the US and Q3 GDP numbers for both Germany and the EU.
Last week we got QE2 from the US Fed. For the week, the TSX Composite was up 2%, S&P500 3.6%, Nasdaq 2.9%, and Russell 2000 4.7%. YTD in CDN$ the TSX Composite is up 10%, S&P500 4.4%, EAFE .4% and Emerging Markets 10.5%. As of last Friday, 437 companies in the S&P500 have reported third quarter results and so far 72.5% have rported positive earnings surprises. Earnings are up 29% year-over-year.
As a side note, check out what Bill Gross of PIMCO and Eric Sprott of Sprott Asset Management have to say about quantitative easing by visiting their respective web sites.
GB
Last week we got QE2 from the US Fed. For the week, the TSX Composite was up 2%, S&P500 3.6%, Nasdaq 2.9%, and Russell 2000 4.7%. YTD in CDN$ the TSX Composite is up 10%, S&P500 4.4%, EAFE .4% and Emerging Markets 10.5%. As of last Friday, 437 companies in the S&P500 have reported third quarter results and so far 72.5% have rported positive earnings surprises. Earnings are up 29% year-over-year.
As a side note, check out what Bill Gross of PIMCO and Eric Sprott of Sprott Asset Management have to say about quantitative easing by visiting their respective web sites.
GB
posted by Gordon Bell at
6:57 AM
0 Comments:
Post a Comment
<< Home