On Monday, the S&P 500 was down 1.2% and Toronto was down 0.7%.
I don’t see any news about the stocks on our list to speak of.
Tesla is doing layoffs but is also going to start bringing big revenue from subscriptions to its full self driving software. I have A Tesla and we all got a free trial of Full Self Driving this month. It’s not 100% and requires driver attention but it’s still pretty awesome – and will get better. I think nibbling on Tesla if and as it drops might work out well.
The yield on the Canadian government 5 year bond has risen to 3.8%. That is signalling no imminent reduction in interest rates at the Bank of Canada or in mortgage rates.
Tomorrow’s big news in Canada will be the federal budget. Although most of it has already been announced. The size of the deficit might be the focus tomorrow.