January 18, 2023

It seems I neglected to make my usual comment yesterday. Well, The S&P 500 was pretty flat yesterday and Toronto was down modestly.

But today, Wednesday the markets had a down day after being up almost everyday in January. The S&P 500 was down 1.6% but Toronto was down only 0.4%.

I don’t see any particularly big moves worthy to comment about.

Apparently today’s losses were blamed on profit taking and a weak retail sales report. I assume there is also worries about the debt ceiling that needs to pass Congress.

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