Morning Minutes

Football and Black Friday In Focus

construction

Share:

Facebook
Twitter
LinkedIn
Email
Print

With many US investors still away for the Thanksgiving holiday weekend and US exchanges only open for a half-day, closing at 1:00 pm EST, market action has been listless for the most part. US index futures are mixed with Dow futures up 0.2% and NASDAQ futures down 0.2%. Similarly, in Europe today, the Dax is down 0.1% and the FTSE is up 0.2%. Commodity trading is also mixed with ‘Copper up 1.6%, WTI Crude Oil up 2.0%, and Natural Gas down 1.6%.

Investors’ main focus appears to still be on football, particularly the World Cup with opening round matches continuing today. With soccer getting more attention in North America this week, it’s telling that one of the strongest stocks so far this morning has been Manchester United ADRs with an 8.6% gain in US premarket action.

The economic and corporate calendar remains light today leaving investors to focus on anecdotal reports of shopping at Black Friday / Cyber Monday sales with preliminary results due Sunday or Monday. While this is traditionally one of the busiest shopping weekends of the year in the US, it’s important to remember that many retailers started discounting early and have been running sales for weeks, spreading transactions over a longer period of time.  

SIA Wealth In The Media:

Chief Market Strategist Colin Cieszynski appeared on BNN Bloomberg today where he spoke about the recent market rebound, resource sector action, and earnings season for retailers.

We’re seeing a broad-based rebound in the markets: Colin Cieszynski

Subscribe to the Morning Minutes:

Today's earnings reports and market activity, delivered right to your inbox.

Colin Cieszynski, Chief Market Strategist

Colin Cieszynski, CFA, CMT
Chief Market Strategist
ccieszynski@siawm.com
+1 (647) 282-4428

Read More

Legal and Regulatory Disclosures

Terms and Conditions:
This information is for Investment Advisors only. The website is for informational purposes only and is not intended to provide a complete description of SIA Wealth Management’s products or services. Past performance is not indicative of future results. It should not be construed as investment advice or relied upon in making an investment decision. Products and services of SIA Wealth Management are only offered in jurisdictions where they may be lawfully offered for sale. The information contained in this Website does not constitute an offer or solicitation by anyone to buy or sell any investment fund or other product, service or information to anyone in any jurisdiction in which an offer or solicitation is not authorized or cannot be legally made or to any person to whom it is unlawful to make an offer of solicitation. All products and services are subject to the terms of each and every applicable agreement. It is important to note that not all products, services and information are available in all jurisdictions outside Canada.

SIA Wealth Management Inc. (SIAWM) specifically represents that it does not give investment advice or advocate the purchase or sale of any security or investment whatsoever. This information has been prepared without regard to any particular investor’s investment objectives, financial situation, and needs. None of the information contained in this document constitutes an offer to sell or the solicitation of an offer to buy any security or other investment or an offer to provide investment services of any kind. As such, Advisors and their clients should not act on any recommendation (express or implied) or information in this report without obtaining specific advice in relation to their accounts and should not rely on information herein as the primary basis for their investment decisions. Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources, believed to be reliable. SIA Wealth Management Inc. nor its third party content providers make any representations or warranties or take any responsibility as to the accuracy or completeness of any recommendation or information contained herein and shall not be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Any statements nonfactual in nature constitute only current opinions, which are subject to change without notice.

INTERNET EXPLORER NOTICE