On Monday, the S&P soared 2.8% as fears of a Trump trade war with China were reduced. Toronto was up 0.5%.
U.S. stocks that surged with the rally included FedEx up 4.5%, Berkshire up 3.6%, Costco up 3.5% and Amazon up 4.0%.
The Canadian stocks on our list mostly did not do nearly so well although Constellation Software was up 3.8%.
Stantec was down 1.3% and Alimentation Couche-Tard was down 1.2%. I believe both of these should see strong earnings growth in 2016 due to their recent large acquisitions. I added to my Stantec position today.
I also added to my very modest Home Capital position (not on our list). I am buying Home Capital due to Warren Buffett’s investment. Following Warren can occasionally turn out badly – but not usually.