The TSX market average was basically flat (minutely positive) over the past week. Bond prices jumped up by almost 1%, however, somewhat reducing the advantage that stocks appear to enjoy. Bond yields fell, which resulted in the bond rally, but
Canadian stocks fell just slightly over the past week. Bonds rose in value and interest rates fell. But none of the movement was enough to reverse a longer trend that shows stocks outperforming bonds. And that’s just looking at Canada.
Suncor is a huge player in the Canadian oil sands. Out of 21 analysts, 20 rate it either “buy” or “outperform”. The other one rates it “hold”. You could say that everyone likes it, which is what I’m looking for.
Despite a mild retreat last week, stocks continue to outperform bonds. Interest rates didn’t move, but remain extremely low. That’s not to say interest rates couldn’t drop, producing capital gains. But it’s not a scenario that I would bet on.
Well, the positive action from gold appears to have been short-lived. I hate getting jerked out of positions by volatility, but change can come quick and I have to face up to reality. My asset momentum model shows Chinese stocks
Here come September and October! I’m not superstitious, but from my point of view, the fear about past market crashes occurring in September and October becomes a self-fulfilling prophecy where investors pull out of the market in anticipation of a