On Tuesday the S&P 500 was down 0.3% and Toronto was up 0.1%
Toll brothers initially rose on its earnings and then fell 0.7% by the end of the day. The earnings were strong but that was already expected. Canadian Tire fell 2.1%.
Markets are set to open moderately to the up-side today.
I will have some updates by Sunday (Canadian Western Bank and Toll Brothers…)
The news of job losses at Kellogg in Ontario gets a lot of press but I would not put too much weight on a few events like that. The success of the overall economy is always hard to judge and and the impact on different stocks is often very difficult to judge. I tend to stick with analyzing individual stocks. The idea is to hopefully find / hold a few things that are obvious bargains or good investments (long term). Buffett calls this stepping over 1 foot hurdles rather than trying to jump over 6 foot ones (he does not try to predict the market in the short term).