Money Sense

[Anonymous]

The Dow closed at an all time high of 28,164.00 or up  +42.32. The rise in the 30-stock Dow was led by gains in shares of McDonald's (MCD) and Home Depot.

[Anonymous]

Stocks jumped Friday after the Labor Department's November jobs report handily topped expectations. Treasury yields rose and gold prices sharply declined, as the latest sign of strength in the U.S. economy spurred risk-on trades.



Here's where markets settled at the end of regular equity trading:



S&P 500 (^GSPC): +0.91%, or 28.48 points



Dow (^DJI): +1.22%, or 337.27 points



TSX 16,997 or 85.83 points



OIL (WTI) 59.07 USD 0.74 (1.27%)



10-year Treasury yield (^TNX): +4.5 bps to 1.84%



Gold (GC=F): -1.27% to $1,464.20 per ounce

[Anonymous]

Some of the stocks expected to perform well under the proposed China-US trade agreement.



Financials

The bank stocks have posted big gains, but they stand to gain more on a trade deal. J.P. Morgan Chase, Citigroup, Goldman Sachs, Bank of America, American Express, Mastercard and Visa



Technology

Apple, one of the biggest names caught in the trade dispute, could dodge an iPhone price increase if the new tariffs are called off. A major 5G play to own is Nvidia, as a trade deal would open the door for Chinese regulators to let the company acquire Mellanox



Manufacturing

Caterpillar, Honeywell and Cummins shares should go up if the trade war's really ending.



Toys

Shares of Hasbro and Mattel, makers of iconic toys that have been working to move factories out of China, jumped about 4.4% and 2.4% in Thursday's session.



Transports

FedEx shares rallied about 3.7% Thursday and have more room to run, the host said. As far as railroads, Union Pacific has the most exposure to China and has a lot to gain out of a trade deal.

[Anonymous]

This is a surprise.



Canada's energy index has risen about 12.7% in 2019 versus 5% for the comparable u.s. gauge, led by pipeline firms including Tc energy corp. and enbridge Inc., which have risen about 39% and 19% respectively. meanwhile, the Permian basin and u.s. shale boom has decelerated.



"The Canadian industry has been starved of capital for four years now," rafi Tahmazian, senior portfolio manager at canoe Financial, said in an interview on bnn bloomberg this week. He sees the u.s. just beginning to enter a phase that canada was in, and thinks canada's industry is "on the edge of extreme profitability." As a result, at least one Wall Street bank has been vindicated in its call for oilsands companies to outperform shale. Bank of America said this year shorter cycle projects have attracted investment in recent years, making u.s. shale a "victim of its own success" as production growth has continued while in canada it's moderated.



Meanwhile, Canaccord Genuity added canadian pipelines to one of its 2020 "contrarian investment themes." The firm says a lack of transportation options should allow pipeline operators to maintain pricing power. In a note to clients, strategist martin roberge also cited the pipelines' defensive characteristics.



more catalysts may come from the continued construction of the Trans mountain pipeline and a decision on enbridge's Line 3 project. enbridge recently said it needs to see "further clarity" on the regulatory and permitting process before deciding when the u.s. segment can come online.

[Anonymous]

In 2019 the TSX was up 19%, the Dow up 22% and the Nasdaq 34%. ac_dance

[Anonymous]

In 2019 the TSX was up 19%, the Dow up 22% and the Nasdaq 34%. ac_dance

Hooray for my pension.

[Anonymous]

The markets have shrugged off any threat of war and the Dow, Nasdaq and TSX are all roaring right back to where they were before a missile strike killed an infamous Iranian terrorist. The Dow is closing in on 29,000.

[Anonymous]

Global market are reacting favourably with the Dow trading at the time of this post at an all time high of 29,016.

U.S. and China Sign Phase One of Trade Deal



The deal commits China to do more to crack down on the theft of American technology and corporate secrets by its companies and state entities, while outlining a $200 billion spending spree to try to close its trade imbalance with the U.S. It also binds Beijing to avoiding currency manipulation to gain an advantage and includes an enforcement system to ensure promises are kept.

https://www.bloomberg.com/news/articles/2020-01-15/u-s-china-sign-phase-one-of-trade-deal-trump-calls-remarkable">https://www.bloomberg.com/news/articles ... remarkable">https://www.bloomberg.com/news/articles/2020-01-15/u-s-china-sign-phase-one-of-trade-deal-trump-calls-remarkable

[Anonymous]

This is scary.



50% of Canadians face insolvency amid 'debt hopelessness': Survey



Half of Canadians are on the verge of insolvency, according to a survey on household debt levels in this country.



The latest MNP Consumer Debt Index published Monday shows 50 per cent of respondents said they're within $200 of not being able to cover their monthly bills, and nearly an equal proportion of participants in the survey (49 per cent) said they aren't confident in their ability to cover expenses without going deeper into debt.



"Our findings may point to a shift among some Canadians from debt apathy to debt hopelessness. Feelings of hopelessness can make people feel like giving up on ever paying down their debt or, worse, ignoring the debt as it piles up higher," said MNP President Grant Bazian in a release.



The survey underscores the extent to which household balance sheets have become stretched in Canada, but it's by no means the only indicator as the Bank of Canada prepares to release its next interest rate decision on Wednesday.



One week ago, the central bank's survey of consumer expectations revealed a widening gap in spending growth expectations versus anticipated income growth, suggesting consumers will either have to borrow more or cut their spending plans.





And the most recent data from Statistics Canada similarly exposed mounting vulnerabilities, with the seasonally-adjusted credit market debt to disposable income ratio rising to 171.84 in the third quarter. This means Canadians, on average, owed almost $1.72 for every dollar of disposable income.

https://www.bnnbloomberg.ca/50-of-canadians-face-insolvency-amid-debt-hopelessness-survey-1.1376463">https://www.bnnbloomberg.ca/50-of-canad ... -1.1376463">https://www.bnnbloomberg.ca/50-of-canadians-face-insolvency-amid-debt-hopelessness-survey-1.1376463

[Anonymous]

We know people that are one paycheque away from being homeless and they are gainfully employed..



The federal government doesn't help by raising taxes and cancelling income splitting and tax credits families relied on.

[Anonymous]

What do you think of this Seoul brother.

https://scontent.fyxd2-1.fna.fbcdn.net/v/t1.0-9/s960x960/82551902_1003106680063061_6205838270790631424_o.jpg?_nc_cat=108&_nc_ohc=mAgaSnigZVoAX8QlJOl&_nc_ht=scontent.fyxd2-1.fna&_nc_tp=1002&oh=f047aea79984f99fc4b0bf025a715726&oe=5E931696">

https://business.financialpost.com/news/economy/can-canada-slip-into-recession-without-the-u-s-bca-says-yes?fbclid=IwAR2TWwm317kwfE96qhgDrLJGl8wxTz1yxjR1NJw8_P6wPX-RQHGW708l2zQ">https://business.financialpost.com/news ... HGW708l2zQ">https://business.financialpost.com/news/economy/can-canada-slip-into-recession-without-the-u-s-bca-says-yes?fbclid=IwAR2TWwm317kwfE96qhgDrLJGl8wxTz1yxjR1NJw8_P6wPX-RQHGW708l2zQ

[Anonymous]

What do you think of this Seoul brother.

https://scontent.fyxd2-1.fna.fbcdn.net/v/t1.0-9/s960x960/82551902_1003106680063061_6205838270790631424_o.jpg?_nc_cat=108&_nc_ohc=mAgaSnigZVoAX8QlJOl&_nc_ht=scontent.fyxd2-1.fna&_nc_tp=1002&oh=f047aea79984f99fc4b0bf025a715726&oe=5E931696">

https://business.financialpost.com/news/economy/can-canada-slip-into-recession-without-the-u-s-bca-says-yes?fbclid=IwAR2TWwm317kwfE96qhgDrLJGl8wxTz1yxjR1NJw8_P6wPX-RQHGW708l2zQ">https://business.financialpost.com/news ... HGW708l2zQ">https://business.financialpost.com/news/economy/can-canada-slip-into-recession-without-the-u-s-bca-says-yes?fbclid=IwAR2TWwm317kwfE96qhgDrLJGl8wxTz1yxjR1NJw8_P6wPX-RQHGW708l2zQ

Justin Trudeau has Canada on the wrong track.

[Anonymous]

Cannabis stocks are going to pot.



The publicly traded Aurora shot up from 60 cents a share in 2016 to peak at $13 last April. Today, the shares are trading between $2.50 to $3 a share.



Shares in the biggest Canadian cannabis company, Canopy, were trading at $ 70 a share. Today they are at $31.



Privately held smaller cannabis-growing companies are facing a cash crunch, often before producing a darned thing. Investors are avoiding cannabis companies like the plague.

[Anonymous]

Another day of massive selloffs on the markets. Thanks coronavirus.

[Anonymous]

I retire in four years and my pension and my RRSP's are cratering. I know it will bounce back, but still it is unnerving.