Today the U.S. markets showed some resistance to negative manufacturing data from China and worries about a slowdown in the FED’s money printing initiative. The Dow was down just 0.1%. Toronto was down 0.7%.
I thought about trimming my large positions in Canadian Tire and Wells Fargo in case they drop. But I decided not to. If stocks drop I do have some cash ready to go.
Toll Brothers was up 1.4% today. The surprising news in the U.S. is that new home prices are at record highs.
Canadian Western Bank was up 1.8% today despite the fact that TD Bank reported disappointing earnings including an increase in bad debt provisions. Most of our stocks were down somewhat.