Mixed Reaction to Canadian Election Results
In another sign that President Trump’s tariff and trade war is unlikely to end soon, Canada’s Liberal Party won a fourth consecutive term in office and third consecutive minority government after essentially running on a stand up to Trump platform. The opposition Conservatives, who had been leading in the polls earlier this year, gained a […]
Global Markets Bounce Back in US Holiday Trading
Although US markets declined heading into the Thanksgiving/Black Friday holiday weekend with declines of 0.3% to 0.6% yesterday, stock markets around the world have been bouncing back this morning. In Europe, the Dax is up 0.7% as German consumer prices showed inflation pressures continue ease, and the FTSE is up 0.1%. Canadian TSX index futures […]
Canada and Cryptos Get Crushed in Trump Tariff Trading
One of the biggest lessons I have learned in my decades as a market analyst and my studies of market and economic history is that markets hate tariffs, markets despise tariffs. Tarriffs dump sand in the gears of the global economy and markets hate them. Hopes that Treasury Secretary nominee Bessent could potentially soften rhetoric […]
US Stocks and Dollar Soar on Trump Sweep
Most of the US election results are in and Donald Trump has won both the electoral vote and the popular vote. In addition, the Republicans have gained control of the Senate and are close to keeping control of the House, a clean sweep. US index futures are soaring on the news suggesting that investors see […]
Election Day in the USA
US voters head to the polls today in the long-awaited Presidential Election. Traders appear to be in a positive mood so far. US index futures are up 0.1%-0.3%, clawing back some of yesterday’s US index losses of 0.3%-0.6%. The US 10-year treasury note yield is holding steady near 4.30%. The US Dollar is giving back […]
Election Results Rock European Markets
Weekend European Parliamentary election results saw a significant shift in voter sentiment away from incumbent parties, which led to Belgium’s prime minister resigning, and French President Macron launching a snap parliamentary election campaign in France. With political uncertainty increasing on the continent, the Euro has dropped 0.4% against both the US Dollar and the British […]