The CRB Index, on US Dollar relative strength and softening economic growth, has reverted back and crossed below its 50 day mean. The Thomson Reuters/Jefferies CRB Commodity Index, despite relative strength in the US Dollar, rate hikes, and recession fears, is up 31% year to date, vastly outperforming both bonds and equities. The S&P 500 […]
Are commodities finally feeling the pinch? Read More »
The US Dollar Index is a basket of currencies representing major US trading partners – the loonie, the euro, Japanese yen, Swiss franc, British pound, and Swedish krona. A rise in the US Dollar Index implies relative strength against these currencies. Commodities tend to benefit from a relative weakness in the US dollar. Since major commodities
The S&P/TSX Composite Index, considered a resource biased index, has greatly benefited from the rise in crude and the overall performance in the Energy sector. Energy has continued to be the leading sector in 2022, up nearly 68% year to date. In 2021, the sector was also the market leader, nearly finishing the year with
The TSX nears its 200 day MA. Will it resume the trend? Read More »
Canadian equity markets have benefited from rising energy prices, commodities, and global base metals themes. The S&P/TSX Composite is up 4% year to date. And similarly, the S&P/TSX Small Cap Index and the TSX 60 Index are also positive, 8.50% and 3.8% respectively. 2022 has been friendly to Canada’s resource heavy economy and equity markets
What does it mean if the S&P/TSX Capped Financial Index can’t get above $420? Read More »
The S&P/TSX Capped Telecommunication Service Index outpaces the S&P/TSX Composite Index. The S&P/TSX Capped Telecommunication Service Index gains membership as a leading sector relative to the S&P/TSX Composite Index. Year to date, Telecommunication Services is up 3.39%, accompanying Financials and Energy which continue to pave the way for Canada’s main index, 4.89% and 22.06% respectively.
Relative strength for telecomms is on the right side. Read More »
S&P/TSX Information Technologies Index is out of favor until the 13/34 weekly EMA re-establishes a green light. The S&P/TSX Information Technologies Index continued to struggle to end the week. YTD, the group is down 17.17% and currently assumes the title of the worst performing sector in the S&P/TSX Composite Index. The sector is down nearly
Major global indexes closed the week on downward pressure led by the tech-heavy Nasdaq Composite Index. In periods of turbulence for equity markets, risk-on appetite wanes as investor preferences for ‘safe-haven’ securities increase. Assets like gold, US treasuries, consumer staples, and key currencies (Japanese yen, Swiss franc, US dollar, etc.) attract global investors seeking portfolio
The Nasdaq entered correction territory on the back of growth stocks. Read More »
The S&P/TSX Small Cap Index has a five year compounded annual growth rate of 3.12% trailing the broader market. During years of bullish equities, it’s common to see small cap equities leading the way and outperforming bluechips. With a five year compounded annual growth rate of 6.6% for Canada’s main index, 7.3% for the S&P/TSX
The S&P/TSX Small Cap Index struggles to find its footing. Read More »
The financial sector tends to benefit from economic improvements, potential rate increases, and rotational inflows from rate sensitive growth stocks. The US 10-year is hovering near 1.70%, down from 1.81% – a level not seen since 2020, pre-COVID-19. The sell-off in the credit market spilled over to the equity market trickling to rate sensitive sectors.
Big banks are the trendy kids at this party. Read More »
The S&P/TSX Capped Energy Index led the Canadian equity market, yielding a return of 79% to close 2021. In 2021, the S&P/TSX Composite Index returned 21% while the Small Cap Index posted 18%. However, the heavyweights led with the TSX 60 putting up 24% on the board. Despite the sector’s 5 year compounded annual growth
Following a banner year for energy stocks, is the sector still attractive? Read More »
