{"id":109243,"date":"2019-09-27T23:02:08","date_gmt":"2019-09-27T23:02:08","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=109243"},"modified":"2019-09-28T01:10:22","modified_gmt":"2019-09-28T01:10:22","slug":"a-bumpy-week","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/a-bumpy-week\/","title":{"rendered":"A bumpy week"},"content":{"rendered":"<p>Surprise, again! &#x1f640;<br \/>\nWelcome to our new Daily Top Picks newsletter. &#x1f973;<\/p>\n<p>As we noted yesterday, we welcome any feedback\u2013comments, complaints, suggestions\u2013so just hit \u201creply.\u201d Premium members will automatically receive it by midnight after each market close, while free users will find it at 9:30 am the next morning. Also, premium users will receive the new Premium Newsletter, featuring experts ratings and past top picks comments.<\/p>\n<p>Not Premium yet?<br \/>\nThen, <a href=\"https:\/\/stockchase.com\/premium\/\">you\u2019re missing out on 70% of the value<\/a>. Just take a look <a href=\"https:\/\/stockchase.com\/premium\/\">here<\/a>.<\/p>\n<p><strong>A bumpy week&#8230;<\/strong><\/p>\n<p>There were no big winners this week: The S&amp;P was down 1.01%, the Nasdaq fell 2.19%, the Dow slipped 0.43% and the TSX declined 1.22%. The launch of an impeachment inquiry into Trump and the ongoing US-China trade war rattled markets up and down in New York and Toronto, like a jet bouncing through heavy turbulence. On Friday, the VIX leapt over 7% to $17.22 amid a lot of red on trading screens. In Canada, only some of the financials were green with <a href=\"https:\/\/stockchase.com\/company\/view\/780\/MFC-T\">Manulife<\/a> up 0.50% to $24.16 and <a href=\"https:\/\/stockchase.com\/company\/view\/1211\/TD-T\">TD<\/a> climbing 0.72% to $76.79.<\/p>\n<p>Again, Trump lobbed a bomb into trading pits by announcing he may <a href=\"https:\/\/finance.yahoo.com\/news\/huge-china-threat-dents-markets-170518890.html\" target=\"_blank\" rel=\"noopener\">delist<\/a> Chinese companies from American exchanges, which would heighten tensions in this ongoing trade war. On Friday, <a href=\"https:\/\/www.reuters.com\/article\/us-un-assembly-china\/in-swipe-at-trump-china-tells-u-n-tariffs-could-plunge-world-into-recession-idUSKBN1WC26W\" target=\"_blank\" rel=\"noopener\">China<\/a>&#8216;s top diplomat told the U.N. that American tariffs could plunge the world into recession. In addition to the Nasdaq, <a href=\"https:\/\/stockchase.com\/company\/view\/4937\/BABA-N\">Alibaba<\/a> fell 5.15%, and <a href=\"https:\/\/stockchase.com\/company\/view\/830\/MU-Q\">Micron<\/a> plunged 11.09% which also issued weak <a href=\"https:\/\/www.ft.com\/content\/684f89d6-e099-11e9-b112-9624ec9edc59\" target=\"_blank\" rel=\"noopener\">guidance<\/a>. <\/p>\n<p>But let&#8217;s put things in perspective. September is historically a tough month for stocks and, since Labour Day, the TSX is up 1.7% and financials like TD have gained 4.2%.\u00a0 Then again, October&#8211;another volatile month&#8211;is around the corner. At least hockey is coming.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Surprise, again! &#x1f640; Welcome to our new Daily Top Picks newsletter. &#x1f973; As we noted yesterday, we welcome any feedback\u2013comments, complaints, suggestions\u2013so just hit \u201creply.\u201d Premium members will automatically receive it by midnight after each market close, while free users [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":345019,"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":[157,126,239,242,171,220,218,241,240],"class_list":["post-109243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-banks","tag-china","tag-financials","tag-seasonality","tag-tech-stocks","tag-trade-war","tag-trump","tag-vix","tag-volatility"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/109243","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=109243"}],"version-history":[{"count":0,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/109243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/345019"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=109243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=109243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=109243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}