August 5, 2019
On Monday, Canadian markets were closed while the S&P 500 declined 3.0% due to Trump’s escalating trade war with China. A 3% decline in the U.S. markets is not a huge deal considering all the recent gains. Obviously, the declines could continue. The Canada market will almost certainly play catch-up to the downside tomorrow. Market declines always have a silver lining in terms of improved buying opportunities.
Some of the decliners today included: Apple -down 5.2%. FedEx down 4.0%. Toll Brothers – down 2.7%, and Amazon – down 3.2%.