Fingers crossed.<\/p>\n
September is the worst month for stocks. Since World War Two, the S&P 500 has fallen 55%<\/a> 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%<\/a> since its May 2008 high of 15,000, or 1% per year.<\/p>\n 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<\/a>. 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<\/a>, by rising 36% vs. 21% and beating the NASDAQ’s 23%. <\/p>\n Keep in mind there remains a full week of investing in September, followed by another bearish month, October…<\/p>\n","protected":false},"excerpt":{"rendered":" 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 […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[132,211,170,140,212,213,214,206],"class_list":["post-106673","post","type-post","status-publish","format-standard","hentry","category-daily","tag-amazon","tag-cloud-computing","tag-dividends","tag-microsoft","tag-nasdaq","tag-sp","tag-share-buybacks","tag-tsx"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/106673","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=106673"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/106673\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=106673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=106673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=106673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}