On Monday, the S&P 500 was down 0.7% and Toronto was down 0.5%. The market is beginning to fear that interest rate cuts are not so imminent after all. The Canadian 5 year bond yield is at 3.67%.
Oil is strong at US $85 which is good news for Alberta.
Most stocks were down modestly.
Costco has slipped down to $711. I have already bought back some of the Costco shares that I sold around $760. I really would not mind seeing it go lower as I would buy more at lower prices.
Starbucks has dipped below $90 for the first time since October and I may add to my position in this high-quality company.