Morning Minutes

Steady Start to a Quiet Week For Business News




As the new trading week gets underway, stock market action has been mixed. In Asia Pacific trading, the Nikkei rose 0.6% but the Hang Seng fell 0.9%. European indices are trading flat to moderately higher with the Dax up 0.2% and the FTSE up 0.7%. US index futures show traders digesting last week’s US gains with Dow futures down 0.2% and NASDAQ futures flat.

Today’s commodity/currency action is also mixed. WTI and Brent are up 3.7%-4.0% this morning with Brent retaking $110.00/bbl. On the other hand, metals are backsliding with copper down 1.5% and gold down 0.2%.

The US 10-year treasury note yield is on the rise again, climbing toward 2.20%, indicating that the prospect for more interest rate increases this year remains a prime focus of investors. Fed Chair Powell is speaking at 11:00 am EDT today with investors looking for more hints on whether the Fed may need to accelerate rate hikes beyond the current forecast of 0.25% per meeting for the rest of the year.

The rest of this week is relatively quiet for business news. It’s between earnings seasons and on the economic side, the main events are Canada’s producer prices plus a federal budget speech tomorrow and flash PMI reports from the US and other countries on Thursday.

New Video: SIA Wealth March Webinar Replay

A replay of the SIA Wealth Market Outlook Webinar with Portfolio Managers Paul Vendrinsky and Kyle Wilson, plus Colin Cieszynski, Chief Market Strategist which discussed risk management in uncertain markets, recent changes to cash allocations in SIA Wealth managed portfolios, and answered questions from advisors and media is now available.

YouTube Version:

GoToMeeting Version:

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
+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.