Morning Minutes

Stock Markets Rebound Between Election and Central Bank Meetings




Having quickly adapted to growing financial risks at China’s Evergrande, the selling pressure which enveloped world markets has eased somewhat as investors wait for the next shoes to drop. Tonight, the Peoples Bank of China and the Bank of Japan are meeting to whom investors may look for comments ahead of Evergrande’s Thursday interest payment deadline. Wednesday, the Fed issues it’s latest decision, statement and member economic/interest rate projections which investors may look to for hints related to tapering. On Thursday, the Bank of England meets with tapering talk again top of mind with investors.

The Hang Seng bounced back 0.5% overnight while the Nikkei plunged 2.1%. Commodities have also been on the rebound with WTI crude oil up 1.2% and copper up 1.1%. US index futures are all up about 0.7% clawing back some of yesterday’s 1.8%-2.2% losses. In Europe, the Dax is up 1.5% while the FTSE is up 1.1%.

Yesterday’s Canadian election campaign ended yesterday with the major parties ending up pretty much back where they started with the Liberals winning a minority government with a seat count slightly higher than they started with, while the Conservatives essentially stayed where they were in second place with a similar seat count. Overall, this result suggests a stay the course approach to government policy. The Canadian Dollar is up 0.5% against the US Dollar on the news.

In corporate news, Uber is up 4.9% in premarket trading after the ride sharing provider raised the low end of its sales guidance for this quarter to $22.8B from $22.0B. FedEx reports earnings after the close tonight.  

SIA Wealth True Tacticaltm MoneyShow ETF Conference Presentation Wednesday September 22nd 3:10 pm EDT

Ted Bader, President of SIA Wealth Management will be giving a presentation on “True Tactical Investing Using ETFs and Relative Strength to the MoneyShow World of ETF Investing Canada Virtual Expo

Register for the Expo at:

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.