With June 21st being the official first day of summer; this is about to be the first full week and first long weekend of summer. The weather appears to be set to co-operate. For me, I intend to take full advantage and am looking to enjoy this fantastic weather with a little golf, a little friends and family, and a little yard work.
This Past Week; Further trade escalations has investors concerned south of the boarder and especially in China. With NAFTA temporarily taking a back seat in the headlines, the TSX was actually up 0.8%. The SP500 however was down -0.9% while the DOW was down -2.0%. With President Trump talking about further trade escalations yesterday, markets are reacting negatively today. We did caution that it would not be surprising if there were further dips and that we are trying to take advantage of the opportunities as they arise in both directions. Our Canadian, US, and Global Focus Lists were all positive and ahead of the markets as of the end of May, and have continued moving even higher month to date in June.
The Weekend/Weather; After some forecasted rain Wednesday, the rest of the week looks fantastic with temperature moving up into the 80’sF/mid to high 20’sC, and then into the 90’s/30’s on the weekend.
I hope you are able to enjoy the gorgeous weather and have a fantastic week and long weekend
Global Insight WEEKLY
Global Insight Monthly
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