November 15, 2020

On Friday, the S&P 500 was up 1.4% and Toronto was up 0.6%.

AutoCanada was up 10.6% after releasing earnings. This has been a story of good management since the new management took over a couple of years ago. Part of the story is that auto sales have recovered well in general. But this company has outperformed other auto dealers on average. I think they may also have been quite masterful at accessing government assistance with the wage subsidy. I know they were in Q2 but I have not yet looked at the Q3 results.

Most stocks were up on Friday including the Melcor REIT which gained 7.8% although that was on the usual relatively thin trading volume.

I added a little to my small RIWI position on Friday. 

As of Sunday eyeing, stock futures are up despite the exponential rise in the number of COVID cases and despite Trump’s refusal; to concede and despite republican street protests (which have so far been remarkably non-violent. The market may be ignoring these risks and looking forward to a stimulus package.

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