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 Post subject: Re: Money Sense
Unread postPosted: June 29th, 2019, 1:58 pm 
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Stocks closed higher on Friday, boosted by bank shares, as investors looked ahead to a key meeting between President Donald Trump and Chinese President Xi Jinping. Wall Street also wrapped up its best first half to a year in two decades.

The Dow Jones Industrial Average rose 73.38 points to 26,599.96 as J.P. Morgan Chase shares outperformed. The 30-stock index rallied more than 7% this month, notching its biggest June gain since 1938.

The S&P 500 advanced 0.6% to 2,941.74, led by the financials sector. For the month, the S&P 500 jumped 6.9%, its best June performance since 1955. The broad index is also up more than 17% this year, marking its biggest first-half gain since 1997.

The Nasdaq Composite gained 0.5% to end the day at 8,006.24. The tech-heavy index also rallied 7.4% this month.

Canada’s main stock index capped strong gains in June by rising Friday ahead of the holiday weekend.

The S&P/TSX composite index closed up 74.47 points to 16,382.20. Although the index was down nearly one percentage point on the week, it gained 2.2 per cent for the month and 15.2 per cent in the first half of the year.

The Canadian dollar traded at an average of 76.41 cents US, up from an average of 76.27 cents US on Thursday — a four-month high.

Ten of the 11 major sectors on the TSX were up on the day, led by consumer discretionary as Canada Goose Holdings Inc. gained three per cent and Aritzia Inc. was up 2.4 per cent. The materials sector followed closely behind with Yamana Gold Inc. and Centerra Gold Inc. increasing 2.8 and 2.2 per cent respectively.

The August gold contract was up $1.70 at US$1,413.70 an ounce. That’s a 7.8-per-cent gain for the month and up 10.3 per cent in the first six months of the year. The September copper contract was down 0.3 of a cent on the day at $2.71 a pound.

Crude prices were fairly flat until taking a tumble at the end of day after Europe said it will launch a channel to allow trade with Iran, bypassing U.S. sanctions.

The August crude contract was down 96 cents at US$58.47 per barrel and the August natural gas contract was down 1.6 cents at $2.31 per mmBTU.

However, the energy sector was up 0.27 per cent led by share gains from Frontera Energy Corp. and Encana Corp.

OPEC countries are meeting Tuesday with some members wanting the cartel to deepen production cuts in the second-half of the year.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: July 13th, 2019, 3:28 am 

Joined: October 4th, 2012, 10:25 pm
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I checked our latest statement 9n our investments..

They've had an exceptionally good month.
ac_smile


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 Post subject: Re: Money Sense
Unread postPosted: July 13th, 2019, 11:55 am 
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The Dow, the S&P 500 and the Nasdaq hit new records. It all came down to the Federal Reserve and interest rates once again. Fed Chairman Jerome Powell gave his bi-annual congressional testimony on Wednesday and Thursday, and his comments fueled hopes for a rate cut.

The markets are up almost forty per cent since Trump became president.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: August 6th, 2019, 2:10 pm 
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The markets have been going crazy(bad) since Trump announced another $300 billion in tariffs on China and Beijing stopped propping up their currency.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: August 14th, 2019, 8:26 am 
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seoulbro wrote:
The markets have been going crazy(bad) since Trump announced another $300 billion in tariffs on China and Beijing stopped propping up their currency.


It sure was nice to see the market respond well yesterday after Trump announced his delay on the tariffs but today it dipped again. :sad:

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 Post subject: Re: Money Sense
Unread postPosted: August 14th, 2019, 9:10 am 
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@realAzhyaAryola wrote:
seoulbro wrote:
The markets have been going crazy(bad) since Trump announced another $300 billion in tariffs on China and Beijing stopped propping up their currency.


It sure was nice to see the market respond well yesterday after Trump announced his delay on the tariffs but today it dipped again. :sad:

Giving back some of the gains after a big day is not unusual.

Technology investors welcomed news of the exemptions, pushing an index of chip stocks up 3.1%, while shares of Apple surged more than 5% and the Dow Jones Industrial Average rose more than 500 points. The exemptions, combined with renewed talks with China, suggest Trump may be willing to compromise.

I'll take a look at what's happening at the end of the day.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: August 14th, 2019, 6:44 pm 
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seoulbro wrote:
Giving back some of the gains after a big day is not unusual.

Technology investors welcomed news of the exemptions, pushing an index of chip stocks up 3.1%, while shares of Apple surged more than 5% and the Dow Jones Industrial Average rose more than 500 points. The exemptions, combined with renewed talks with China, suggest Trump may be willing to compromise.

I'll take a look at what's happening at the end of the day.


Thanks, seoulbro. I recall when you said there is no need to worry about the "r" word but it is being whispered a lot. :sad:

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@realAzhyaAryola

Sometimes, my comments have a touch of humor, often tongue-in-cheek, so don't take it so seriously.


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 Post subject: Re: Money Sense
Unread postPosted: August 14th, 2019, 8:40 pm 

Joined: October 4th, 2012, 10:25 pm
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@realAzhyaAryola wrote:
seoulbro wrote:
Giving back some of the gains after a big day is not unusual.

Technology investors welcomed news of the exemptions, pushing an index of chip stocks up 3.1%, while shares of Apple surged more than 5% and the Dow Jones Industrial Average rose more than 500 points. The exemptions, combined with renewed talks with China, suggest Trump may be willing to compromise.

I'll take a look at what's happening at the end of the day.


Thanks, seoulbro. I recall when you said there is no need to worry about the "r" word but it is being whispered a lot. :sad:

China had it's slowest growth in seventeen years last quarter and Germany's economy contracted 0.1 per cent during the same period.


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 Post subject: Re: Money Sense
Unread postPosted: August 15th, 2019, 7:52 am 
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Fashionista wrote:
@realAzhyaAryola wrote:
seoulbro wrote:
Giving back some of the gains after a big day is not unusual.

Technology investors welcomed news of the exemptions, pushing an index of chip stocks up 3.1%, while shares of Apple surged more than 5% and the Dow Jones Industrial Average rose more than 500 points. The exemptions, combined with renewed talks with China, suggest Trump may be willing to compromise.

I'll take a look at what's happening at the end of the day.


Thanks, seoulbro. I recall when you said there is no need to worry about the "r" word but it is being whispered a lot. :sad:

China had it's slowest growth in seventeen years last quarter and Germany's economy contracted 0.1 per cent during the same period.

The Dow lost 800 points, the TSX was down 327 on global recession fears. Today appears to have stabilized today after China indicated it would be willing to meet the US on a 50-50 basis on tariffs.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: August 16th, 2019, 9:26 pm 
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North American stock markets rebounded to end a roller-coaster week that took investors for a wild ride on concerns about slowing economic growth and trade uncertainty.

The S&P/TSX composite index closed up 137.26 points at 16,149.79.

In New York, the Dow Jones industrial average was up 306.62 points at 25,886.01. The S&P 500 index was up 41.08 points at 2,888.68, while the Nasdaq composite was up 129.38 points at 7,895.99.

The Canadian dollar traded for an average of 75.27 cents US, compared with an average of 75.05 cents US on Thursday.

The October crude contract was up 39 cents at US$54.81 per barrel and the September natural gas contract was down 3.2 cents at US$2.20 per mmBTU.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: August 16th, 2019, 9:32 pm 
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eadlines blared when a rare anomaly occurred in the bond market. While the yield curve has been inverted in a general sense for some time, for a brief moment the yield of the 10-year Treasury dipped below the yield of the 2-year Treasury. This hasn’t happened since the depths of the 2008/2009 recession. The news was enough to cause our roller-coaster markets to suffer its worst drop this year.

Does this inversion signal an impending recession, or are we merely witnessing the lemming-like behavior so typical of headline inspired trading?

Certainly, history suggests a correlation between inverted yield curves and recessions, albeit with a sometimes significant lag time. The timetable varies but it is generally within a 24-month period, so while it can be a very early indicator it is one that should be heeded.

What triggered the market fall-off, however, was the rare 10-year/2-year inversion. This specific data point has been cited as a reliable harbinger of recession. Research from Credit Suisse says a recession occurs 22 months after an inversion in the two-year/10-year rate curve, on average.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: August 17th, 2019, 8:01 am 
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The democRATs and the media allies are really talking up a recession. They don't think they can win unless they do their part to cause the economy to shrink.

https://dailycaller.com/2019/08/16/trum ... paign=9739
Media, Politicians Won’t Stop Talking About The Possibility Of A Recession. Does The Reason Why Have To Do With Trump’s Reelection

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prairie redneck.


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 Post subject: Re: Money Sense
Unread postPosted: August 19th, 2019, 4:35 pm 
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The TSX was up 154 points. The DJIA was up 250 points at the close today. Trade war fears subsided today. Until Trump's next tweet on the subject.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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 Post subject: Re: Money Sense
Unread postPosted: August 26th, 2019, 6:11 pm 
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It went up and down and today up again. Phew.

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@realAzhyaAryola

Sometimes, my comments have a touch of humor, often tongue-in-cheek, so don't take it so seriously.


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 Post subject: Re: Money Sense
Unread postPosted: August 31st, 2019, 3:53 pm 

Joined: October 4th, 2012, 10:25 pm
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Our investments were up this week.


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 Post subject: Re: Money Sense
Unread postPosted: September 8th, 2019, 3:31 pm 
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Fashionista wrote:
Our investments were up this week.


That seems to be the case for most. :thumbup:

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@realAzhyaAryola

Sometimes, my comments have a touch of humor, often tongue-in-cheek, so don't take it so seriously.


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 Post subject: Re: Money Sense
Unread postPosted: September 8th, 2019, 6:20 pm 

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@realAzhyaAryola wrote:
Fashionista wrote:
Our investments were up this week.

That seems to be the case for most. :thumbup:

Recession fears are fading and it's looking more like China and the USA will reach some sort of trade arrangement.


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 Post subject: Re: Money Sense
Unread postPosted: September 9th, 2019, 6:33 pm 
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Fashionista wrote:
@realAzhyaAryola wrote:
Fashionista wrote:
Our investments were up this week.

That seems to be the case for most. :thumbup:

Recession fears are fading and it's looking more like China and the USA will reach some sort of trade arrangement.


I sure hope so, Fash. As it stands today, this still remains to be seen.

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@realAzhyaAryola

Sometimes, my comments have a touch of humor, often tongue-in-cheek, so don't take it so seriously.


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 Post subject: Re: Money Sense
Unread postPosted: September 14th, 2019, 10:42 am 
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The Dow posted an eighth consecutive session of gains amid further signs of de-escalation in the U.S.-China trade war. While the S&P 500 and Nasdaq ended Friday’s session lower, all three major indices posted weekly advances for a third straight week.

The Chinese government is encouraging companies to buy “a certain amount” of U.S. farm products including pork and soybeans and will exempt these goods from additional tariffs, China’s official Xinhua News Agency said Friday. This corroborates President Donald Trump’s earlier assertion via Twitter post Thursday that “It is expected that China will be buying large amounts of our agricultural products.”

Such a move would provide some respite to U.S. farmers, who have become one of the biggest casualties in the trade war with China. It would also be viewed as a major gesture of good will, with Trump having repeatedly lambasted Beijing for failing to follow through on promises, including upping purchases of U.S. farm products. The country had ceased purchases in August in an apparent retaliatory move after Trump announced further tariffs on Chinese imports.

This all comes after some Trump administration officials were reported Thursday to be mulling an interim trade deal with China to de-escalate tensions ahead of another round of trade talks in October. In remarks to reporters, Trump said he “would consider” a temporary deal, but would prefer a more permanent agreement.

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 Post subject: Re: Money Sense
Unread postPosted: September 14th, 2019, 10:44 am 
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Sorry Democrats, a recession before the 2020 election seems unlikely.

Retail sales rose more-than-expected in August


A broad measure of retail sales rose at a greater-than-expected rate in August, driven by sales from internet retailers, building materials sellers and auto dealers.

Headline retail sales rose 0.4% in August, the Commerce Department reported Friday, versus a 0.2% gain expected, according to Bloomberg-compiled data.

Excluding autos and gas sales, retail sales rose just 0.1% for the month, missing expectations for a 0.2% gain and coming off a 0.9% increase in July. Excluding motor vehicles and parts sales alone, retail sales were flat for the month, versus a 0.1% increase expected and 1.0% gain in July.

August’s figures come on the heels of a much stronger-than-expected report from July, when headline retail sales rose an upwardly revised 0.8% for the month. Gains for July had been broad-based, driven by strong sales from e-commerce platforms, grocery stores and clothing retailers.

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A claim for equality of material position can be met only by a government with totalitarian powers. Friedrich August von Hayek


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