October 11, 2018

Oct 11 23:10 2018 Print This Article

More carnage and destruction today:

Initial hopes that the stock market would stabilize after Wednesday’s sharp sell-off were dashed on Thursday: U.S., Canadian, Asian and European stocks slid further, contributing to the most challenging atmosphere for stocks since February and raising questions about how long the rout will last – and how deep it will go.…These concerns are reverberating worldwide. The S&P 500 fell 57.32 points, or 2.1 per cent, to 2728.36, one day after registering its worst decline in eight months. The Dow Jones Industrial Average fell 545.91 points or 2.1 per cent, to 25,052.83 − bringing its two-day decline to more than 1,300 points.

In Canada, the S&P/TSX Composite Index fell 200.27 points or 1.3 per cent, to 15,317.13. Britain’s FTSE 100 fell 1.9 per cent and Japan’s Nikkei 225 fell 3.9 per cent.

Read More

About Article Author

PrefBlog

PrefBlog is presented as a public service by Hymas Investment Management Inc., Manager / Trustee of Malachite Aggressive Preferred Fundand publisher of PrefLetter, a monthly newsletter directed towards long term buy-and-hold retail investors. James Hymas, president of Hymas Investment Management Inc, with years of experience designing quantitative investment technology and applying this technology to conservative portfolios, seeks to provide institutions and retail investors with the information and advice necessary to produce top quartile returns in the preferred share market without the assumption of excess risk.

Related Items

Things to Watch in the Week Ahead

"The sky is falling. The sky is falling," they cried, as equities plunged in December.  It is signaling a recession, we were told.  Instead, global equities have begun the year with a strong advance.  The S&P 500 gapped higher ahead of the weekend, extending this year's rally to about 14%.  ...

January 19, 2019

Enormous volume today, eclipsed in the past thirty days only by December 20. This was probably generated by motivated sellers, since TXPR dropped about 3 points (about 50bp) from 2:50pm to the close as the volume cranked up. BNS.PR.I, BAM.PF.D, PWF.PR.F, EMA.PR.F and RY.PR.S saw 25+ trades timestam ...

‘Black Monday’ is, umm, this Sunday

You better be watching this Sunday night or I don’t even know what to tell you. I know there’s football, this is for after… Welcome to “Black Monday,” a new Showtime comedy series that imagines the stock market crash of 1987 as the result of a rogue brokerage firm aiming to outfox the olde ...

Schedule for Week of January 20th

Special Note on Government Shutdown: If the Government shutdown continues, then some additional releases will be delayed. For example, this coming week, the new home sales and durable goods reports will not be released if the government remains shutdown - and probably delayed even if the government ...

Bogle’s Big Mistake

The world lost a legend this week. Jack Bogle had a greater impact on the average investor than anyone who ever lived. Bogle, however, was not an overnight sensation. The index fund, which he is best known for, wasn’t created until his fifth decade on the planet. I wanted to share the challenges h ...

Stocks rally as hope mounts for U.S.-China trade deal

Stocks rallied Friday, with major indexes trading higher for a fourth session, on reports that stoked hopes for progress in trade talks between the U.S. and China. Optimism over a potential bilateral deal helped to offset worries about the prolonged partial government shutdown and mixed corporate r ...

Dollar supported by U.S trade optimism

Friday January 18: Five things the markets are talking about Improved market and investor optimism for Sino-U.S trade talks saw global equities and U.S stock futures climb in the overnight session. In commodities, crude oil prices are leading the rally, while sovereign yields back up and safe have ...

Book Bits | 19 January 2019

● The Age of Surveillance Capitalism: The Fight for a Human Future at the New Frontier of Power By Shoshana ZuboffReview via Los Angeles Review of Books Silicon Valley’s Phoenix-like resurrection is a story of ingenuity and initiative. It is also a story of callousness, predation, and deceit. H ...

Reassessing the Rebound in Markets?

Fred Imbert and Silvia Amaro of CNBC report, Dow jumps more than 300 points after China offers a way to eliminate US trade imbalance:Stocks rose on Friday as investors cheered potential progress in trade negotiations between China and the U.S.The Dow Jones Industrial Average rose 336.25 points to 2 ...

Canadian Market Review 2019-01-17

The Canadian market has been soaring as of late; the upward move has been very broad, with all the sectors participating. Oil, Railways, Banks, Industrial Metals, Financials, Utilities, Pipelines - it's been a great move and it looks set to continue. Enbridge is breaking out to new 52-week highs th ...

Separating the Contenders from the Pretenders

The S&P 500 is in the midst of a big run that lifted most boats, especially financial stocks. Even though these stocks are leading with the biggest gains over the last three weeks, most big financials are still in downtrends overall and below their 200-day SMAs. Take Citigroup for example. Even ...

Did Trudeau’s cabinet shuffle make his government better? - Loonie Politics

  Nine months away from the election, Prime Minister Justin Trudeau decided it was time to shake things up in his cabinet by shuffling some people around. If this lead sounds familiar, it is because I wrote the same one 6 months ago. Of course, it is said that the Prime Minister had no other choi ...