Market Comment: March 19

By / March 19, 2012

Good morning, Markets are quite calm as we begin another week.  It is a quiet week in terms of economic data; however, concern is on the rise that periphery nations such as Portugal are heading in the same direction as Greece/Dodo Bird. Canadian wholesale sales in January fell unexpectedly 1% as motor vehicle sales slowed. … Read more

Market Comment: March 15

By / March 15, 2012

Good morning, Markets are muted this morning as the VIX (Volatility Index) falls to a new 5-year low and the US releases a slew of economic data. US weekly unemployment claims came in better than expected, 351K vs. 357K.  Not surprisingly, the previous release was revised higher, as has been done every single week since… Read more

Market Comment: March 14

By / March 14, 2012

Good morning, Equity markets are mixed this morning following varied economic data and the release of the latest Federal Reserve Bank stress test; however, the Canadian dollar remains unchanged vs. the USD. Four out of 19 banks failed to pass the most recent stress test, including Ally Financial, MetLife, SunTrust Banks and finally Citigroup.  The… Read more

Market Comment: March 13

By / March 13, 2012

Good morning, Markets are positive, save for precious metals, and the Canadian dollar is strong this morning following positive economic data in Europe and the United States.  Meanwhile, trading volumes have been anemic to begin the week; the lowest daily level of shares was exchanged yesterday since Bloomberg began compiling the data in 2008. German… Read more

Market Comment: March 12

By / March 12, 2012

Good morning, Markets are quiet as we begin another week, even following the ruling from the ISDA Determinations Committee, which declared the Greek PSI debt swap a “Credit Event”, triggering CDS payouts. China had a big miss in its February trade balance over the weekend, reporting a deficit of $31.5bln vs. the expected $5.2bln deficit. … Read more

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