Today’s market decline seems more sensible than yesterday’s gain…
It is perhaps an encouraging sign that Toll Brothers managed a small gain today (0.5%) given the market was down. Canadian Tire was also up (0.6%) despite the TSX being down 1.4%.
Fed “beige” book came out at 2 pm eastern and indicated U.S. economy continues to grow but the market did not seem to react to that.
Bank of America was down 4.7% today on disappointing earnings. I will plan to update that report by Sunday as I now have the annual report and the Q1 report.