The Daily – August 31st, 2016

August 31st, 2016 Daily Market Commentary   ECONOMIC NEWS Canada’s GDP was up 0.6% in month-over-month terms in June, slightly more than expected. Quarter-over-quarter annualized GDP in Canada was down 1.6%, slightly less than expected. Pending Home Sales in the US were up 1.3% and…

The Daily – August 30th, 2016

August 30th, 2016 Daily Market Commentary   ECONOMIC NEWS Consumer Confidence in the US was reported at 101.1, above estimates. The S&P Case Shiller Indices were up 5.1% in year-over-year terms, slightly below estimates. The Redbook Index, which measures same-store sales growth of US general…

The Daily – August 23rd, 2016

August 23rd, 2016 Daily Market Commentary   ECONOMIC NEWS New Home Sales in the US were up 654K in month-over-month terms, above estimates. The Markit Manufacturing PMI in the US was reported at 52.1, slightly below estimates. The Redbook Index, which measures same-store sales of…

The Daily – August 22nd, 2016

August 22nd, 2016 Daily Market Commentary   ECONOMIC NEWS Wholesale sales in Canada were up 0.7% in month-over-month terms, above estimates. The Chicago Fed National Activity Index was quoted at 0.27. Commodities: Oil fell after the longest run of gains in four years as Iraq sought…

Interim Commentary: The Price of Safety

August 2016 Interim Commentary: The Price of Safety When it comes to the financial markets, unfortunately, nothing is free; indeed, truly idealistic capitalist markets correctly price all major aspects of investments: earnings, growth, liquidity, risk, and safety. Many of these have values which move in…

The Daily – August 18th, 2016

August 18th, 2016 Daily Market Commentary   ECONOMIC NEWS Initial Jobless Claims in the US were quoted at 262K, lower than estimates. Continuing Jobless claims in the US were quoted at 2.175M, slightly higher than estimates. Commodities: Oil held its advance after the longest run of…

The Daily – August 16th, 2016

August 17th, 2016 Daily Market Commentary   ECONOMIC NEWS Mortgage applications in the US were down 4%in August. The Unemployment Rate in the Great Britain was quoted at 4.9%, in line with estimates. Commodities: U.S. stock-index futures were little changed as investors awaited minutes from the Federal…

The Daily – August 16th, 2016

August 16th, 2016 Daily Market Commentary   ECONOMIC NEWS The Consumer Price Index in the US was up 0% and 0.8% in month-over-month and year-over-year terms, respectively. Housing starts in the US were up 1.211M in July, above estimates. Building Permits in the US were…

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