I have not much to say about the markets. The TSX really hasn’t changed must compared to last week. Inflation has ticked up a basis point, interest rates are down a little, and the Canadian dollar is worse compared to the US dollar. The American dollar is actually appreciating compared to all currencies.

Looking at various markets and assets, European stocks appear modestly attractive, but nothing else does. (OIL looks downright awful.)

The only change in individual stocks is Google (GOOG), which experienced a huge jump. IĀ assume it’s due to their recent earnings announcement. The best way to benefit from that would have been to own stock before the announcement, but it may continue to run a little further yet.

Market Outlook July 20, 2015

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