On Friday, the S&P 500 was down 0.35% and Toronto was down 0.7%.
AutoCanada slipped 4.8%. Possibly it just ran up too fast, so not a surprise.
FedEx was down 5.7% despite supposedly beating estimates and have a very strong quarter. I will likely update this one before year end. Royal Bank is my next update.
Canadian Tire was strong with a 2.4% gain.
Wow, Donald Trump has convinced an awful lot of people that the election was “stolen” by Biden. He has said it so many times and so loudly that it is hard for those who support him NOT to believe it. And if he himself did not really believe it, I think he is starting to. I had thought that his claims after the election would spook the markets. But not so far. And I have to hand it to his supporters very few of whom have taken to the streets. Supporters have shown restraint. But now Trump seems to be ratcheting up the volume and basically calling for street protests on January 6th when the House of Representatives is scheduled to officially accept the result of the Electoral College. Maybe this will now start to spook the markets.
Countering that is the possibility of a stimulus package which could be passed in the next day or so which would be good for the markets (not to mention for an awful lot of Americans who need help).