On Monday, the S&P 500 was down 0.2% while Toronto was up 0.2%. This evening, futures are suggesting that market will open slightly to the downside on Tuesday.
Linamar was down 2.1% This may have been due to weaker auto sales in the U.S. where reports indicate that sales “plummeted” 1.6% in March.
I have just updated my article and graphs that show the long-term performance of stocks versus bonds, treasury bills and also Gold. The article also shows how the purchasing power of a dollar has declined with inflation. The update to include data for 2016 shows how stocks have now dramatically surpassed the old highs from the turn of this century. Based on year-end inflation-adjusted data, it took until 2013 for the S&P 500 to surpass the end of 1999 high. Since then the old high has been left well in the dust. Looking at the graph now, the fact that markets would surpass the old high looks almost inevitable. But in 2008 it did not feel like the old high would be surpassed anytime soon at all. Those of us who kept the faith at that time have been nicely rewarded. Looking at the graph now, one might also wonder if the S&P 500 has gone too far too fast at this point.