September 6, 2021

On Monday markets were closed for the holiday.

On Friday, the S&P 500 was about unchanged and Toronto edged up 0.1%.

West Fraser Timber was up 3.6% to go back over $100.

As of Monday evening, markets appear set to open slightly higher on Tuesday morning.

Oil is at $68.88.

Questions now include whether inflation is set to continue or instead to settle back down

The yield on a 5 year government of Canada bond is 0.79% per year. Yet extremely few people would forecast inflation to be that low. (David Rosenburg might).

Other questions include the extent of COVID shut downs this fall. Millions of people will have made plans to travel this coming winter. Will those plans have to change? I certainly hope not.

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