This week we look at a series of charts to help us take the pulse of the market and see what has/has not been working: The S&P 500 has made a nice recovery off the lows finding support at the 200-day moving average multiple times since February 2018. Market breadth has been solid as the cumulative advance-decline line has made a new high, indicative that the advance in the market is broad based.
Learn More“Sell in May and go away” is an old saying that cautions investors to sell their equities in May and get back into the markets inNovember. The adage itself dates back to an old English maxim that goes, “sell in May and go away, and come on back on St. Leger’s Day”.
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In 2017, the S&P/TSX hibernated for most of the spring and summer months, but by mid-summer, investors ‘awoke’ and pushed the index up 1,400 points in just four months. The year-end rally occurred as concerns faded about weak oil prices and the impact of a slowing Canadian housing market on the banks. Five months into 2018, we’re dealing with a new set of headwinds that are holding back the S&P/TSX, most notably trade and pipelines.
Learn MoreToday, we revisit the military preparedness question following President Trump’s nearly $700 billion military budget to attempt to make our military readiness better. We think the recent weakness in the defense sector stocks provides an interesting entry spot for investors. Indeed, many of the defense stocks have collapsed since their mid-April all-time highs. Concurrently, the iShares U.S. Aerospace & Defense ETF (ITA/$198.47) has pulled back. Believe it or not, the defense stocks are not just, well defense stocks, but technology stocks, as well.
Learn MoreWith the support of investment dealer Raymond James as the title sponsor, the Father’s Day Walk Run is celebrating its 20th anniversary raising funds and awareness for individuals and families living with prostate cancer in British Columbia.
Read MoreAt Raymond James, our financial/investment advisors have the freedom to offer unbiased advice that’s right for you.
