On Tuesday, the S&P 500 was up 0.15% and Toronto was up 0.3%.
Toll Brothers was up 2.8%. Then, after the close, they released stellar earnings. Their gross margins in particular were the highest in quite some time. Much of this may have been expected and the stock rose only modestly after hours. In any case as an owner the results looked very good to me.
West Fraser Timer was up 4.0%.
So, markets continue to do well. Meanwhile I heard President Biden today talk about raising corporate taxes at least for those large companies that make profits and manage to pay no income tax. Perhaps the assumption is that he will never have the votes to do much. We shall see.
There is also talk of FED tapering which would push interest rates up. The market seems unconcerned. Again, we shall see. But I would be at least a bit concerned.