Market Update. Trade optimism & rate cuts rally global equities in September

Oct 15 23:10 2019 Print This Article

The month at a glance

All WealthBar equity weighted portfolios ended September higher after a volatile month in August. Markets rallied as the US-China trade talks started to appear more optimistic and both the European Central Bank (ECB) and the US Federal Reserve (the Fed) introduced key rate cuts. 

Read on for a deeper dive into how these events are shaping the market or jump to performance.

September Market Movers

Double dose of stimulus: both the ECB and the Fed cut interest rates. 

The ECB cut rates to a new record low of -0.5% to combat a weakening eurozone economy. It also announced that it will restart its bond buying program this November to the tune of €20 billion ($29 billion CAD) per month. 

Meanwhile, the Fed cited its decision to cut interest rates as a preemptive move to shield the US economy from global weakness and the trade dispute.

Read More

About Article Author


WealthBar is Canada's first and only full-service online financial advisor. They help thousands of Canadians save time and money with online personal financial planning facilitated by real financial advisors and offer professionally managed investment strategies that are a faction of the cost of traditional mutual funds while also offering better diversification

Related Items

Explaining Treasury Yields: Akram And Li Paper (2019)

I just read the recent paper “An Inquiry Concerning Long-term U.S. Interest Rates Using Monthly Data” by Tanweer Akram and Huiquing Li.* The authors look at a wide spectrum of relatively simple models to pin down the explanatory factors for Treasury yields. They find that their techniques find ...

MAPF Performance : November, 2019

Malachite Aggressive Preferred Fund’s Net Asset Value per Unit as of the close November 29, 2019, was $7.8207. Performance was adversely affected in November, 2019, as the assumption of DeemedRetraction was cancelled in the wake of the IAIS decision included in ICS 2.0. This was probably a major ...

China's Steps-Up Import Substitution Strategy while USMCA Comes Down to the Wire

Overview: The important week is off to a slow start. While the MSCI Asia Pacific benchmark extended its gains for a third session, European and US shares are struggling. The Dow Jones Stoxx 600 is consolidating its pre-weekend 1%+ rally, while US shares are trading heavier after rallying for t ...

Part 2: When Should You Sell Your Losers?

So, if you caught Part 1 of our series, “Tax-Loss Selling With ETFs”, you now know the basics of how a market downturn can actually be a tax-savings opportunity in disguise. But how often should you check your portfolio for these “opportunities”, and when does it make cost-effective sense t ...

Make plans for Wall Street’s only “Free Lunch”

Investors tend to get rid of their losers near year-end for tax purposes, often hammering these stocks down to bargain levels. Over the years the Stock Trader’s Almanac has shown that NYSE stocks selling at their lows on or around December 15 will usually outperform the market by February 15 in t ...

Tech Talk for Monday December 9th 2019

Pre-opening Comments for Monday December 9th U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points in pre-opening trade. The Canadian Dollar was virtually unchanged at U.S.75.45 cents following release of Canada’s November Housing Starts report. Consensus was an i ...

InterGen Capital receives $1 million to help scale Calgary’s startups

InterGen Capital, a Calgary-based non-profit scale-up fund and accelerator, has received a $1 million contribution from the Calgary Chamber of Commerce. The contribution is an investment in InterGen’s fund, which is expected to deploy capital into post-seed and pre-Series A companies based in Al ...

The gift of not giving

It’s been five years since my wife, Jen, and I have given each other a Christmas present.  The last time, we had only been dating for five months, and we experienced the usual stress of gift buying, but turned way up by the stress to impress since our relationship was still new. I shopped a lot ...

Cash flow is up 27.1% for Canadian Pacific Railway

Record shipments of Canadian grain and related products plus higher freight rates led to a 4.3% revenue jump for this company during the most-recent quarter. A recent initiative to improve efficiency also contributed to an earnings gain of 8.7%, while a cash flow spike bodes well for your future di ...