Suffice it to say, 2020 was a volatile year for stocks. We actually warned readers in early February that the coronavirus could spark a global recession. We were, unfortunately, right. Stocks plunged, with the S&P 500 slipping 34% in the first quarter. Despite ongoing fears about how COVID-19 would affect the global economy, stocks climbed […]
In this month’s market review, our Chief Options Specialist, Jason Ayres, reflects on the December market conditions. The Canadian and U.S. stock markets experienced some wild swings ahead of the U.S. election as investors hoped for the best, but anticipated the worst for the election outcome. The Biden win was a clear catalyst for the […]
30
Nov
Nov
Canadian and U.S. stocks and global equities are trading near record highs and just had their best November ever. Investors are increasingly optimistic following word that COVID-19 vaccines will be available soon, that Joe Biden won the U.S. presidential election win, and that his administration will provide not just political stability, but will also provide […]
24
Nov
Nov
Why Are Marijuana Stocks Doing So Well after the Election? Before the U.S. election, President Donald Trump warned that if Joe Biden won the November election, he would plunge the country into a depression and the stock market would crash. That didn’t happen. In fact, it appears as though Wall Street is quite content with […]
17
Nov
Nov
The tech-heavy Nasdaq has been selling off after news emerged that pharmaceutical giant Pfizer Inc. announced that its COVID-19 vaccine could be 90% effective. Optimism that the biggest health crisis of the last century could eventually be under control and that the global economy could get back to normal sent shockwaves throughout the investing community. […]
10
Nov
Nov
Despite near term volatility, a record number of coronavirus cases being reported in the U.S., and most of the world’s major economies in a recession, the stock market continues to surprise to the upside. As of this writing, the S&P 500 is just 2% away from a record high. That lofty level has led to […]
03
Nov
Nov
The Canadian economy was sluggish before it was hammered by the coronavirus pandemic. While the Canadian economy was expected to rebound quickly after the country went into lockdown this past spring, the second wave has burst that bubble. It now looks as though the country’s economic rebound will take a lot longer than expected. When […]
In this month’s market review, our Chief Options Specialist, Jason Ayres, reflects on the October market conditions. Markets continued to trend upward through Q3 in what is now considered a “K” shaped recovery. Tech industries continued to trend upward, while hospitality and tourism continued to depress. October was choppy for all three of the major […]
30
Oct
Oct
The stock market has been surprisingly resilient in 2020. Despite a stock market crash in March and the September sell-off, the S&P 500 is up 12% year-to-date, while the Nasdaq is up more than 27%. That said, ongoing uncertainty and volatility has led some to suggest the stock market correction that began in September is […]
27
Oct
Oct
The U.S. election is less than two weeks away, and investors around the world are wondering what will happen to the stock market if President Trump is re-elected or if Democratic presidential nominee Joe Biden wins the U.S. presidential election in November. President Trump has said many times over the last number of months, that […]
