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More Strong Earnings and True Tactical Webinar Replay

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Coming off of a one-day pause, US stock markets have resumed their upward course this morning. US index futures are up about 0.3% today while overseas, European markets are steady and the Hang Seng soared 1.9%.

Metals are soaring this morning with Platinum jumping 4.1% and Copper rallying 1.6%. Gold and silver are mixed, up 0.3% and down 0.3% respectively. In energy action, WTI crude oil is up 0.6% and natural gas is down 0.6%.

The main news developments overnight have been another flurry of earnings reports out of the US, most of which have come in surprisingly strong. Highlights include: General Motors* ($1.93 vs street $1.64), Cisco Systems ($0.79 vs street $0.76), Twitter ($0.38 vs street $0.31, up 8.9% premarket), Lyft (-$0.58 vs street -$0.72, up 10.9% premarket), Mattel ($0.40 vs street $0.27), Coca-Cola ($0.47 vs street $0.42) and Under Armour (+$0.12 vs street -$0.07, up 7.4% premarket).

In Canada today, uranium miner Cameco beat expectations (+$0.09 vs street -$0.04). Later today, results are due from the big 3 insurance companies, Manulife, Sun Life and Great-West, plus Kinross Gold. In the US, Uber and Western Union report results after the close today.  

US consumer prices increased by 1.4% from a year ago in January, the same annual pace as the previous month and slightly less than the 1.5% street estimate. Central bankers have previously suggested plans to remain accommodative until full employment returns and the inflation rate moves back near or even slightly above 2.0%. This afternoon, Fed Chair Powell is speaking at 3:00 pm EST. Investors may look to his comments for hints about whether the Fed is planning any changes to its current monetary support programs in light of the current lockdown/vaccine situation, and the big fiscal stimulus package working its way through Congress.

*Shares of General Motors are held in some portfolios managed by SIA Wealth Management.

New Video: SIA Wealth True Tactical Introduction (1.5 CE Credits Available for Advisors)

A new webinar replay is available featuring Ted Bader of SIA Wealth Management discussing the benefits of a True Tactical approach to investing.

GoToMeeting Version: https://attendee.gotowebinar.com/recording/8302745866261523464

Disclaimer: 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. SIAWM 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.

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At SIA Wealth Management everything we do is based on Relative Strength Analysis. We evaluate the Relative Strength between asset classes giving us insight into money flows on a large scale, and from this select top ranked investments.

Colin Cieszynski, Chief Market Strategist
Market Commentary:

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

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