On Wednesday, the S&P 500 was up 1.6% and Toronto was up 0.9%.
Stocks that rose included CN Rail, up 2.2%; Berkshire Hathaway, up 2.3%, Bank of America, up 2.4% and Visa Inc. up 2.0%.
The Canadian Western Bank preferred share was down 3.8% to $19.17. It’s yielding 5.7% and is worth considering.
Markets are always unpredictable in the short term. My strategy is generally to say relatively fully invested except that I occasionally have a relatively high cash allocation, such as 20 to 30% at times when it appears that stocks are over-valued or when I have taken a lot of profits after a big run up in the markets. At this time I have very little cash and am relatively fully invested in equities.