April 24, 2018

On Tuesday, the S&P 500 fell 1.3% while Toronto was down 0.5%.

AutoCanada was down 4.6%. It looks like good value but the market is not yet convinced of that. We will know more when it releases earnings on May 3, after the close.

Amazon was down 3.8%

Canadian Western Bank was up 1.8%.

In the U.S. the ten year  treasury bond yield cracked over 3.0% for the first time since 2014 and closed at 3.00%. In the early stages higher interest rates might be viewed as a positive since this reflects growth in the economy. But ultimately higher interest rates, all else equal, are downward force on stock prices.