November 30, 2017

As November came to a close, the good times continued in the markets.

The S&P 500 was up 0.8% and the DOW surged 1.4% and Toronto was up 0.6%.

This came as it appears more certain that the Senate will pass the corporate income tax reduction bill in the U.S.

CN Rail was up 2.6%

Canadian Western Bank was up 2.3%.

Even Melcor came to life and rose 3.4%.

FedEx was up 2.4%.

Costco rose a hefty 3.9% after reporting blow-out same-store sales growth for November.

AutoCanada was up 4.0%.

Dollarama was down 2.1%.

Perhaps I am being too cautious, but for my own situation I am inclined to continue to think about trimming some positions. I’m up 20% on a small Costco position as well as 20% on a small American Express position both in a registered account. I may sell half of each.