By Justin Turner CIM, DMS®, CFP®
Markets got a bit of a scare
last week when a Malaysian Airlines passenger jet went down over
Eastern Ukraine. The scare appears to have been short lived as far as the
markets are concerned and they have not only recovered, North American markets
have set new highs since the incident. Last week the TSX and the Dow each
rallied another 0.9% while the S&P 500 moved up another 0.5%.
This week brings earnings from
many of the big names. In Canada Loblaws, Encana, Canadian National
Railway, Potash, Teck Resources and others will be reporting.
Some of the big US names that will be reporting include Apple, Microsoft,
Verizon, Boeing, Starbucks and Facebook. This week’s earnings will most
likely have a significant impact on whether the rally can keep on going or
whether it is time for a breather.