June 17, 2015 (11 am eastern time)

On Tuesday the S&P 500 was up about 0.6% and Toronto was relatively unchanged.

Dollarama which I judged on Monday as too expensive for my tastes rose another 2.9%. Today it indicates that some of its share buybacks will be by private placement with arms-length third parties. One interpretation of that is that these third-parties who own a lot of shares are selling due to the high price.

Markets are off to a positive start today but the news and comments from The FED later today will likely impact the market in one direction or the other.