Best G10 currency/ Core GDP/ Baltic index

Jul 26, 2019 |Bruce MacKay
Best G10 currency/ Core GDP/ Baltic index Equity markets rally to all time highs on Tuesday - summer doldrums–light volumes- holiday season. Positives: CDN$ rally tests Bank of Canada resolve to diverge from global peers- the Canadian dollar is this year‘s...
Read more

More Upside / If needed / $1.4 trillion in excess

Jul 19, 2019 |Bruce MacKay
More Upside / If needed / $1.4 trillion in excess Equity markets stable this week as we start US earnings season. After a great start overall profits are no longer expected to decline. Positives: Jim Paulson comments– “the combination of fear, room in...
Read more

100% Chance / Will Act / Capitalize Profit Model

Jul 12, 2019 |Bruce MacKay
100% Chance / Will Act / Capitalize Profit Model Fed Chairman speaks last two days - his goal is full employment and price stability. Futures expect 100% chance of a rate cut in July. Positives: DOW brakes 27,000 for the first time ever. Relationship...
Read more

Mid-Terms Expected/78% Beating so Far/6 Leading

Jul 09, 2019 |Bruce MacKay
Mid-Terms Expected/78% Beating so Far/6 Leading Better week for CDN & US equity markets - TSX up 3.6% - Dow up 6.5% - will it hold until year-end? Markets get mid-terms right. Positives: US mid-term elections turned out about as expected – S&P 500 best...
Read more

Strong jobs /Longest expansion /Sexy headlines

Jul 05, 2019 |Bruce MacKay
Strong jobs /Longest expansion /Sexy headlines Another good week for indices globally - will this hold - seasonally a good time for equities as we move through second quarter earnings season. Positives: US continues to have strong jobs reports. Canada...
Read more

Quarter End / Happenstance / Longest in History

Jun 28, 2019 |Bruce MacKay
Quarter End / Happenstance / Longest in History Equity markets steady this week after strong month. End of quarter window dressing and start of quieter summer months. Positives: Tentative trade truce to postpone tariffs ahead of G20 US and China meeting...
Read more

Summer Rally / Made in China / Strong Winds

Jun 21, 2019 |Ryan MacKay
Summer Rally / Made in China / Strong Winds Equity markets continue to do well this week with many indices hitting all-time highs. Seasonal summer rally before next earnings season - possibly. Positives: FED holds rates steady and hints at possible cuts...
Read more

Raptors/ Rate Cuts? / Bull Bear Ratio /Copper leads

Jun 14, 2019 |Bruce MacKay
Raptors/ Rate Cuts? / Bull Bear Ratio /Copper leads Wow what a great game and playoff. Great for the team, Toronto and Canada. Amazing fans too. Equity markets steady this week after strong recovery rally last week – will this hold – earnings season coming...
Read more

Whatever It Takes/Plough Horse/Long Expansion

Jun 07, 2019 |Bruce MacKay
Whatever It Takes/Plough Horse/Long Expansion Equity markets rally this week due to many factors including FED comments on “Will do whatever it takes” to help the economy – or – it’s seasonal as earnings season is coming– summer equity rally too. Positives:...
Read more

CDA optimism / 1998 Repeat? / Will They Change

May 31, 2019 |Bruce MacKay
CDA optimism / 1998 Repeat? / Will They Change Equity markets continue to correct this month – is it just seasonal – many point to inverted yield curve – summer equity rally tends to follow. Positives: Bank of Canada optimistic about economic rebound...
Read more