On Thursday the S&P 500 was up 0.3% while Toronto was down 0.2%.
AutoCanada had bounced down about 4% but has bounced back up this morning.
Markets are moving modestly higher this morning.
Boston Pizza Royalties came out with results. A 104% payout ratio at the current distribution level seems not bad but also not great. The units are down slightly this morning so perhaps the results are about as anticipated.
I’m just back from four weeks of travel and will be focusing on some updates.
Ever since the market started to recover sharply (from the COVID crash) in late March to April of 2020 the winning strategy has been to ride it up. Taking profits or building or holding cash for prudency has not been rewarded. But the danger now my be of getting complacent and feeling the danger is past and there will be no imminent correct such as due to higher rates. And that may be. But it remains prudent especially for older investors to use some caution and to to have some fixed income and/or cash.