On Tuesday, the S&P 500 was up 0.2% while Toronto was about unchanged.
The market appears to be increasingly convinced that the that peak of interest rates has been reached. The yield on the 5 year government of Canada bond is down to 3.7%. In early October it was 4.4%.
Charlie Munger, Warren Buffett’s long-time business partner and close friend passed away today at the age of 99. His wit and wisdom is legendary.