September 21, 2023 Athens Greece

Greetings from Athens where the weather is very nice and the City seems quite vibrant and busy with tourists.

On Wednesday stock markets were down somewhat. On Thursday as of 1 pm eastern the S&P 500 is down 1.1% and Toronto is down 0.55%.

It’s not surprising or alarming to see stocks give back some of the recent gains as it appears that the central banks are not finished increasing interest rates.

I think CN Rail and Canadian Tire are both attractive long term investments both now at around $149.

Linamar announced a small acquisition. It has a volatile history but is well managed and is attractively priced.

Starbucks raised its dividend by 7.5% and while not cheap is a high quality stock for the long term.



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