February 24, 2020

Markets were down sharply on Monday on fears about the Coronavirus.

The S&P 500 was down 3.35%. The DOW was down a 3.6% or just over 1000 points. Toronto fared better but was still down 1.6%.

The bigger declines included Visa down 4.8%, American Express down 5.0% and FedEx down 5.15%.

It is very possible that this will be another short-lived dip. Stock futures indicate a a higher opening on Tuesday.

I bought back some of the TFI International that I sold last week and added a little to my Canadian Tire position.

Statistics Canada reported a gain in wholesale sales for December.

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