Q2 earnings season is nearly complete.
Earnings were mixed with big wins coming from the likes of Apple. The technology sector has been leading the market year-to-date (think tech ladden Nasdaq index).
Q2 earnings season is nearly complete.
Earnings were mixed with big wins coming from the likes of Apple. The technology sector has been leading the market year-to-date (think tech ladden Nasdaq index).
The Canadian (TSX) and the American (S&P 500) bottomed on December 24. Both markets have been rallying up since then. The Canadian market has rallied up from 13,800 to 15,540 +12.6%. The U.S. market has rallied up from 2350 to 2704 +15%.
Both markets recovered in January, more than half of what they gave up over 5 months in Canada and 3 months in the U.S.
Having just experienced the longest bull market in history, it has only included two corrections – in late 2015 and this current one. This is highly unusual, as history would suggest 10% pull backs should occur much more frequently than our recent history.
September and October acted like they often do historically, as “bad market months” within the calendar year.