On Monday, the S&P 500 was down 0.4% and Toronto was down 0.7%.
Linamar was down 4.9% (probably based on some analyst downgrade given that the company did not release any news).
Melcor was up 2.5% but that was on its typically very thin volume.
Statistics Canada reported on changes in farm product prices. Anyone interested in farm product prices can use the add/remove data features and can look at changes in various products over various time periods. Some are up some are down. You can find the price history for dry peas, milk, slaughter cattle and many more items.
As we all know, the markets have had a big rally since Trump’s election. Today Trump was responding in a petty and juvenile fashion to Meryl Streep’s comments that she was stunned that Trump had imitated a disabled reporter. Trump denies that he did that. The video shows that he did. I don’t know if Trump is going to be good for the economy or not. But I am pretty sure he is an incredibly thin-skinned and incredibly egotistical man with a vicious temper who is also a pathological liar. The man has fantastic skills as a showman and must be skilled to have amassed his fortune. I do think he is very intelligent. Maybe Trump will do great things for the economy and the world. But there is also some danger that he will cause serious international diplomatic incidents. There is a danger that he will cause serious disruption to and reduction of international trade. I suspect there will be periods when the market decides that Trump may not be so great for the markets. The election of Trump may bring rewards, but it is not without risk.
Having said that I am not changing my investment approach because of it. The world is always uncertain. A few people emailed me before the election wondering if they should get out of the markets due a possible Trump victory. That certainly would not have worked out well.