Vacation Week / $20 Trillion / (It Often Doesn’t)

Aug 03, 2018 |Bruce MacKay
Vacation Week / $20 Trillion / (It Often Doesn’t) On vacation this week at the cottage. As always, I like to write this newsletter with observations from the week. Reading “So, Anyway’ by John Cleese. Highly recommend his book, also saw him at Roy Thomson...
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Sign Good Economy/Bernanke 2020/Buy in May+

Jul 15, 2018 |Bruce MacKay
Sign Good Economy/Bernanke 2020/Buy in May+ Steady equity markets in CAD & US while NASDAQ hits record high. Summer tends to be quiet with a summer equity rally – will it happen Positives: Federal Reserve & Economic report all very positive on US economy...
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Q3 Lift/Optimism Building/Employment Matters

Jul 13, 2018 |Bruce MacKay
Q3 Lift/Optimism Building/Employment Matters Equity markets have done well since the start of Q3. Historically equities have summer rally into September then correction. Will this repeat? Positives: Optimism is building again – US good jobs report and...
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Holiday WK/Something Different/Squeeze Profits

Jul 06, 2018 |Bruce MacKay
Holiday WK/Something Different/Squeeze Profits Bit of a US holiday week with Canada Day and US July 4th – many on holidays – equity markets steady. Positives: Canada’s labour force grows most in 6 years – Canada’s tight jobs market is beginning to bring...
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Tariffs/CEO’s Time is Now/Several More Years

Jun 29, 2018 |Bruce MacKay
Tariffs/CEO’s Time is Now/Several More Years US, CDN & oversea equity markets drifting lower this week – end of quarter window dressing supporting equities. Positives: US bank stress test results help banks prepare to return excess capital to shareholders...
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6th Inning / Tune Out Noise / Ecstatic Confidence

Jun 22, 2018 |Bruce MacKay
6th Inning / Tune Out Noise / Ecstatic Confidence Lots of negative news (as always) and equity markets mixed = TSX all-time high – DOW having 6th bounce in trading range this year & Nasdaq (technology sector) doing very well. What’s next? Positives: Ned...
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Election/Barreling Along/It’s About Employment

Jun 08, 2018 |Bruce MacKay
Election/Barreling Along/It’s About Employment Election results – will they really drive CAD’s growth. Equity markets trend higher this week, even with all the political news. Next is G7 meeting & next week’s full slate of central bank meetings. Positives:...
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Politics Drive/Global Picture+/Deregulation Helps

Jun 01, 2018 |Bruce MacKay
Politics Drive/Global Picture+/Deregulation Helps Volatility continues this week in equity markets – seems to be all politically driven – as earnings season was a hit and 75% of companies beating revenue estimates. Positives: Ned Davis S&P 500 Sector...
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Closer to Solution/ 2019 Earnings Catch Up/Rates +

May 25, 2018 |Bruce MacKay
Closer to Solution/ 2019 Earnings Catch Up/Rates + US equity markets flat this week going into their long weekend. CDN equities up slightly due to energy and financials. May - a good month so far. Positives: Politics continue to rock markets – we get...
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Summer Doldrums / Back in Business / The Cycle

May 20, 2018 |Bruce MacKay
Summer Doldrums / Back in Business / The Cycle Are we in the summer doldrums – equity markets up slightly this week. Historically equities rally during summer months – with Sept/Oct pullback. Positives: Good earnings – especially US banks – they have...
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