Welcome to our blog!


Welcome to our blog!

Please check back here regularly for informative updates. We'll have a variety of topics ranging from what’s going on in the markets to wealth enhancing strategies that we can help our clients implement.

Tuesday, July 22, 2014

Markets rally on despite Geopolitical headwinds

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.