Market Comment: March 21

By / March 21, 2012

Good morning, The Bank of England voted unanimously to maintain interest rates at 0.50%; however, there was some indecision on whether to increase the stimulus/quantitative easing in the market, with the vote to keep it at the current £325bln coming in at 7-2. England released its latest budget this morning, which aims balance tax cuts… Read more

Market Comment: March 20

By / March 20, 2012

Good morning, Markets are in the red and the US dollar is stronger across the board following news of a Chinese slowdown.  Commodities and commodity currencies have taken a hit this morning following BHP Billiton and Rio Tinto reports that Chinese iron ore demand is softening.  An official report from the auto association says growth… Read more

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

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