Morning Minutes

Stocks Hold Steady, Commodities Slide as News Flow Slows




Please note that after today, the Morning Minutes are taking a summer break and will return on Monday August 22.

It’s a very quiet morning for business news. The big US inflation numbers are now out and nothing major is expected for today, leaving investors to digest the recent news and await next week’s retail sales data from the US, UK, China and Canada, inflation numbers for the UK and Canada, and housing market data for the US and Canada. On the earnings side, investors are awaiting next week’s results from big retailers like Walmart and Home Depot.

This morning finds US index futures up 0.3% to 0.5% with Dow and S&P futures bouncing up from yesterday’s flat closes, and NASDAQ futures clawing back some of yesterday’s 0.6% loss. European indices are in the green with the Dax up 0.5% and the FTSE up 0.3%.

US treasury yields are on the rise again with the 10-year yield climbing above 2.85% and the 30-year yield trading back up above 3.15%. This has helped the US Dollar to rebound 0.1%-0.3% against the Euro, Loonie and Gold, and 0.6% against the Pound. Cryptocurrencies have shifted into reverse with Bitcoin down 1.6%.

Commodities are also getting knocked back a bit ahead of the weekend with WTI crude oil down 2.0%, natural gas down 2.8% and copper down 1.4%.

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.