On Monday, the S&P 500 was down 0.2% and Toronto was down 0.3%
AutoCanada was down a further 2.0%.
Statistics Canada reported a strong increase in wholesale trade driven mostly by the motor vehicle category.
In another positive sign for the economy, rail car loadings are running noticeably higher compared to the past three years.
Remarkably, futures at this time suggest the DOW could rise 54 points tomorrow. The market seems to have no concern about “minor” things like an FBI investigation into possible links between the Trump campaign and Russia. I don’t claim any ability to predict short term market moves. Nevertheless I have raised cash given the high P/E levels of the market and possible political risks. But I remain about 70% exposed to equities. This is towards the lower end of my equity percentage over many years.