Markets had another strong day on Friday with the S&P 500 up 1.05% and Toronto up 0.9%.
Toll Brothers bounced up 4.7% but this comes after a 4.8% loss on Thursday.
Berkshire Hathaway was up 2.3% and this was likely because of a report that it appears that they appear to have been buying back stock lately. Berkshire has not yet reported buying back shares recently but the number of shares indicated in a recent filing was down.
Last Wednesday’s rail car loading report for the U.S. continues to show improvement. Traffic was down on the week due to the July 4th holiday. But that happens every year and U.S. intermodal traffic in 2020 was higher than the corresponding 2019 figure for the first stime since mid February. But with the holiday falling on a Saturday that may have meant a lower than usual holiday dip. It will take another week or two of data to confirm if U.S. intermodal traffic is actually now above the 2019 level (which seems doubtful). Motor vechicle and parts were also above the corresponding week in 2019 and also above the similar 2018 level.
In Canada, rail traffic overall is still well below the corresponding 2019 level. But for motor vechicles and parts the level was slightly above the 2019 and 2018 level. This again bodes well for Linamar and AutoCanada.
As of Sunday evening, CNBC reports that stock futures are up as investors shake off the continued spike in COVID-19 cases.