Market Updates

 
Update for Oct 26th:
Despite the volatility throughout the week, the market is set to close the week higher by more than 2% on average. Microsoft's better-than-expected earning results along with some relief from CountryWide Financial are arguably contributing to today's strength. Oil again is closed higher and now is almost $92 dollar per barrel. US dollar got weakened against most major currencies while Gold prices moved sharply higher. Next week will certainly be a very interesting one to watch because a). We are going to get the Fed's interest rate decision on Wednesday. Right now it is almost certain that the Fed is going to cut. But the question is by how much. My concern is if some investors are hoping for 50bps while they can only get 25bps on Wednesday. There may be a short term selloff after this week's run; b). As many mutual funds have their fiscal year ending in October, some window dressing should be expected. Sector rotations(within an asset class) and assets rebalancing(inter asset classes) are likely to bring in more volatilities; c). Next week will also bring two very important economic reports: Q3 GDP and October employment data. How those numbers look like will certainly have impact to the market in the next few weeks. d). Last but not least, we are going to enter November next week and as it is always said "Buy in November and Sell in May", the market may attract some new money without any fundamental reasons. Well, as investors what should we do now? The good news is we still have a good 2-day weekend to enjoy. Stay tuned!
 
Update for Oct 25th:
As if someone is afraid that this October is not volatile enough, Mr market gives investors a third roller-toaster experience within the past four trading sessions. Nasdaq is again lagging the broad market after outperforming for most of the October. This morning's economic news is mixed at best as weak reading in Durable Goods orders was partially offset by somewhat stronger new home sales data(after a sharp downward revision in August). Oil again hits the headline and now is closed above $90 for the first time. Continuous geopolitical tension and weak dollar along with strong global demand all contribute to the recent strong performance in the Oil prices. China's stronger han expected Q3 GDP results again show that robust growth overseas is more likely to continue. As the market is eagerly waiting for the Fed's decision on Oct 31st, we should continue to expect more volatile days like today.
Update for Oct 24th:
Just another roller-toaster day on Wall Street. Merrill's huge write-off along with the dismal existing housing report weighed on the sentiment of investors and at one point Nasdaq dropped by almost 3 percent.  Treasury bonds also rallied sharply following the housing report. Then something interesting happened at around 2:30pm in the afternoon and apprently some investors believed in a rumor that the Fed is going to take some imminent action towards rate cuts. Although I don't think we should bet too much on the rumor, I do believe we will get the rate cut in the next Fed meeting on Oct 31st. Oil prices rallied sharply after a very bearish inventory report. If this bearish inventory trend continues, we may not be far away from seeing $100 oil. Tomorrow will bring more housing data and given the poor existing data today, Wall Street should already get prepared for another disappointing report.
Update for Oct 23rd:
The market is set to be closed higher again following Monday's reversal. Nasdaq again is leading the market. Several big tech names, including Google, Apple, Amazon, Bidu and Rimm, are doing extremely well. However, the only problem with those stocks is they are much more expensive now compared to two months ago. Other than the tech sector, there is very few spotlight. Coach shocked the Wall Street by issuing a warning for the most important fourth quarter(normally they would issue upside guidance). It seems the subprime issue indeed affects certain groups of consumers. Oil dropped a little while the US dollar is lower against most currencies. Starting from tomorrow, several housing reports will bring more insights into the current housing market and it is worth paying attention to how the market will react to them.
Update for Oct 22nd:

The market has a nice rally entering the close. Given what happened in the G-7 meeting over the weekend and worldwide sale of stocks overnight, it is truly an amazing day for investors. The G-7 meeting essentially gave green light to weak dollar and in fact, the dollar hit another record low when the markets were opened in Asia. But after Dow dropping 5 days in a row during the past week, some investors came back to do some bottom fishing and reversed the early selling. However, it is still too early to tell whether
the rally is real as the volume is not particularly heavy. US dollar moved higher against several major currencies while both Oil and Gold were pulling back. With the Fed's decision coming next Tuesday, it is a safe bet that we are going to see some volatile days like today in the next few sessions.
 

 

 
 
 
November 2010

November 22 ~ November 26

November 15 ~ November 19

November 8 ~ November 12

November 1 ~ November 5

 

October 2010

October25 ~ October 29

October 18 ~ October 22

October 11 ~ October 15

October 4 ~ October 8

 

September 2010

September 27 ~ October 1

September 20 ~ September 24

September 13 ~ September 17

September 6 ~ September 10

 

August 2010

August 30 ~ September 3

August 23 ~ August 27

August 16 ~ August 20

August 9 ~ August 13

August 2 ~ August 6

July 2010

July 26 ~ July 30

July 19 ~ July 23

July 12 ~ July 16

July 5 ~ July 9

 

June 2010

June 28 ~ July 2

June 21 ~ June 25

June 14 ~ June 18

June 7 ~ June 11

May 31 ~ June 4

May 2010

May 24 ~ May 28

May 17 ~ May 21

May 10 ~ May 14

May 3 ~ May 7

April 2010

April 26 ~ April 30

April 19 ~ April 23

April 12 ~ April 16

April 5 ~ April 9

March 2010

March 29 ~ April 2

March 22 ~ March 26

March 15 ~ March 19

March 8 ~ March 12

March 1 ~ March 5

February 2010

February 22 ~ February 26

February 15 ~ February 19

February 8 ~ February 12

February 1 ~ February 5

January 2010

January 25 ~ January 29

January 18 ~ January 22

January 11 ~ January 15

January 4 ~ January 8

December 2009

December 28 ~ December 31

December 21 ~ December 25

December 14 ~ December 18

December 7 ~ December 11

November 30 ~ December 4

November 2009

November 23 ~ November 27

November 16 ~ November 20

November 9 ~ November 13

November 2 ~ November 6

October 2009

October 26 ~ October 30

October 19 ~ October 23

October 12 ~ October 16

October 5 ~ October 9

September 2009

September 28 ~ October 2

September 21 ~ September 25

September 14 ~ September 18

September 7 ~ September 11

August 31 ~ September 4

August 2009

August 24 ~ August 28

August 17 ~ August 21

August 10 ~ August 14

August 3 ~ August 7

July 2009

July 27 ~ July 31

July 20 ~ July 24

July 13 ~ July 17

July 6 ~ July 10

June 2009

June 29 ~ July 3

June 22 ~ June 26

June 15 ~ June 19

June 8 ~ June 12

June 1 ~ June 5

May 2009

May 25 ~ May 29

May 18 ~ May 22

May 11 ~ May 15

May 4 ~ May 8

 

April 2009

April 27 ~ May 1

April 20 ~ April 24

April 13 ~ April 17

April 6 ~ April 10

March 30 ~ April 3

 

March 2009

March 23 ~ March 27

March 16 ~ March 20

March 9 ~ March 13

March 2 ~ March 6

 

February 2009

February 23 ~ February 27

February 16 ~ February 20

February 9 ~ February 13

February 2 ~ February 6

 

January 2009

January 26 ~ January 30

January 19 ~ January 23

January 12 ~ January 16

January 5 ~ January 9

 

December 2008

December 29 ~ January 2

December 22 ~ December 26

December 15 ~ December 19

December 8 ~ December 12

December 1 ~ December 5

 

November 2008

November 24 ~ November 28

November 17 ~ November 21

November 10 ~ November 14

November 3 ~ November 7

 

October 2008

October 27 ~ October 31

October 20 ~ October 24

October 13 ~ October 17

October 6 ~ October 10

 

September 2008

September 29 ~ October 3

September 22 ~ September 26

September 15 ~ September 19

 

August 2008

August 11 ~ August 15

August 4 ~ August 8

 

July 2008

July 28~ August 1

July 21~ July 25

July 14~ July 18

July 7~ July 11

June 30 ~ July 4

 

June 2008

June 23 ~ June 27

June 16 ~ June 20

June 9 ~ June 13

June 2 ~ June 6

 

May 2008

May 26 ~ May 30

May 19 ~ May 23

May 12 ~ May 16

May 5 ~ May 9

 

April 2008

April 28 ~ May 2

April 21 ~ April 25

April 14 ~ April 18

April 7 ~ April 11

March 31 ~ April 4

 

March 2008

March 24 ~ March 28

March 17 ~ March 21

March 10 ~ March 14

March 3 ~ March 7

 

February 2008

February 25 ~ February 29

February 18 ~ February 22

February 11 ~ February 15

February 4 ~ February 8

January 28 ~ February 1

January 2008

January 21 ~ January 25

January 14 ~ January 18

January 7 ~ January 11

January 2 ~ January 4

December 2007

December 17 ~ December 21

December 10 ~ December 14

December 3 ~ December 7

November 2007

November 26 ~ November 30

November 19 ~ November 23

November 12 ~ November 16

November 5 ~ November 9

October 29 ~ November 2

October 2007

October 22 ~ October 26

October 15 ~ October 19

October 8 ~ October 12

October 1 ~ October 5

September 2007

September 24 ~ September 28

September 17 ~ September 21

September 10 ~ September 14

September 3 ~ September 7

August 2007

August 27 ~ August 31

August 20 ~ August 24

August 13 ~ August 17

August 6 ~ August 10

July 2007

July 30 ~ August 3

July 23 ~ July 27

July 16 ~ July 20

July 9 ~ July 13

July 2 ~ July 6

June 2007

June 25 ~ June 29

June 18 ~ June 21

FREE NEWSLETTER!!
Subscribe to our daily market update!!
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

95 Rowland Court · Markham ·  Ontario · L6C 1X8· 416.508.9774
Copyright © 2007-2010 J.C. Golden Investment Management Inc.. All rights reserved.