Net worth tracking
Login Sign Up
  • All Opinions
  • Top Picks
  • Discover
  • Companies
  • Experts
WATCH LIST
Home » Daily

Flying high … for now

Allan TongAllan Tong Posted On September 19, 2019
0
487 Views
0
0
Shares
  • Share On Facebook
  • Tweet It

Fingers crossed.

September is the worst month for stocks. Since World War Two, the S&P 500 has fallen 55% of the time in September. I needn’t remind investors of 2008. But in the last three weeks, the TSX is not only up 2.6%, but it’s also flirting with all-time highs, closing at 16,858 Thursday, up 0.35% for the day. While that is good news, keep in mind that the index has risen only 11% since its May 2008 high of 15,000, or 1% per year.

South of the border, the US-China trade war continues to rage, but Jerome Powell just cut U.S. interest rates, the Saudi oil attack spiked oil prices (at least briefly) and a strong North American consumer continues to push up markets. Leading this optimism is Microsoft. The cloud computing giant closed 1.84% higher on Thursday at $141.07, after announcing share buybacks of $40 billion and a quarterly dividend raise of five cents per share. Year-to-date, Microsoft is outpacing its cloud rival, Amazon, by rising 36% vs. 21% and beating the NASDAQ’s 23%.

Keep in mind there remains a full week of investing in September, followed by another bearish month, October…

Post Views: 487
0
Shares
  • Share On Facebook
  • Tweet It




Trending Now
Tamarack Valley Energy, Saputo Inc. and More at 52-week Highs (Apr 14-20)
Melisa R. H. April 21, 2021
Netflix Inc., Fluent, Inc. and 19 Stock and 1 ETF Top Picks (Apr 16-22)
Melisa R. H. April 23, 2021
You may also like
Happy Friday on Toronto and New York markets
December 6, 2019
Battle of the Top Dividend ETFs : Canada
November 26, 2019
Markets have a record-breaking week
November 15, 2019
Read Next

Canada 1, America 0

  • We're the Stock Chasers
    Hi! We are the Stock Chasers. We write about investing and finance tools we love. We’re passionate about fintech and we invest almost all our affiliate and advertising revenues into the development of Stockchase and Wealthica. We hope you enjoy the stock ideas and product reviews!
  • Join 39,652 Investors

    Winning in the Market eBook
    We deliver stock ideas to your inbox. Sign up free, get the ebook!

  • Top Reviews

    • The Ugly Truth About Identity Theft – Free Credit Report
      10
    • Questrade Review: Pros & Cons of Trading with Questrade Canada (2021)
      8.5
    • Questrade vs Others | The Review Competitors Don’t Want you to Read (2021)
      7.4
  • Popular Posts

    • Tamarack Valley Energy, Saputo Inc. and More at 52-week Highs (Apr 14-20)
    • Netflix Inc., Fluent, Inc. and 19 Stock and 1 ETF Top Picks (Apr 16-22)
    • Rogers Communications (B), Canadian Pacific Rail and More Earnings Reports this Week (Apr 19-23)
    • 3 Underestimated Automation Stocks
    • Wine and Pizza: 3 Uplifting Food Stocks
  • Stock Lists

    • 2 Upgraded Stock Price Targets: Twitter and Williams-Sonoma
      April 20, 2021
    • 3 Promising Stock Upgrades: SNAP, Uber, Corus
      April 13, 2021
    • April Showers and Flowers: 4 Covid Vaccination Stocks...
      April 6, 2021
    • Wine and Pizza: 3 Uplifting Food Stocks
      March 30, 2021
    • 3 Underestimated Automation Stocks
      March 23, 2021


  • Get $50 in free trades.


  • Stockchase neither recommends nor promotes any investment strategies.

    About us : Privacy & Terms : Contact us

© Stockchase Inc.
Press enter/return to begin your search