Our annual fishing trip with my older brother and my sons later this month may not work out this year. With the forest fires up near Parry Sound we think the cabin may be smoke infested. Hopefully that’s the most of the problems and it can be aired out. Apparently they are starting to get the fires under control and even lifting some of the evacuations and evacuation warnings in the area. We will make some inquiries over the next week or so. But, for us, we may just do some day trips and fishing in the area. For the people who have homes up there, it’s a terrible situation. They need more rain to help but there doesn’t appear to much in the forecast. They will continue to rely on the valiant firefighting efforts.
This Past Week and more; After a strong month of July for equity markets, they had a minor dip on Friday due to unwelcome geopolitical news surrounding Turkey. This created a slightly negative week with the S&P/TSX @ – 0.6%, the S&P 500 @ -0.2%, the DOW @ -0.6%, and most, but not all, major international equity markets just slightly negative as well. Markets appear to be working through it at this point.
The Weekend/Weather; Speaking of rain, locally there is a call for Thunderstorms on Thursday and a shower on Friday. Otherwise the rest of the week is supposed to be quite pleasant.
Welcome to "The Sunday of Summer" time period now. It’s those last few weeks of August where you have that strange combination of cramming in the rest of the good times while also feeling that slowdown and preparation for back to school and/or the ramp up of business coming for the fall.
Hope you are able to make the most of this time!
Global Insight WEEKLY
U.S. equities: Sideways or breakout?
August 9, 2018
Global Insight Monthly
August 2018
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