Legacy Wealth Weekly - Dec 16, 2016 (Changing Tone)

Expectations were high for the Dow Jones Industrial index to close above the 20K psychological mark this week but the suspense will have to last a few more days if not weeks. North American equity indices are closing the week flat and most of the fir...

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Legacy Wealth Weekly - Dec 2, 2016 (Last Hurrah for the CDN$)

The S&P/TSX and the S&P 500 have taken a pause this week. After all, both indexes are up ~2.5% since the Trump-election win so a little consolidation is welcome. Undoubtedly the highlight this week is the OPEC (-1.2MMbbl/d) and Non-OPEC (-0.6MMbbl/d)...

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Legacy Wealth Weekly - Nov 25, 2016 (New High, Same Narrative)

The S&P/TSX and the S&P 500 rose to new 52-week highs this week, fueled by the same narrative that Trump’s policies will eventually translate to faster economic growth and stronger earnings growth. Though the same policies have pushed the US$ (DXY) t...

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Tax-Loss Selling 2016: 'Tis The Season

As we progress through November, investors should begin thinking about the year ahead and planning for potential tax losses - selling their losing positions to offset capital gains. Based on Canadian tax law, capital losses can offset capital gains i...

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Legacy Wealth Weekly - Nov 18, 2016 (R.I.P. Growth?)

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Legacy Wealth Weekly - Nov 4, 2016 (Bad Breadth)

Stocks have continued their descent this week as investors became guarded about the possibility of a Trump win next Tuesday. The key highlight this week from a sectoral point of view is the breakdown in bond proxies (i.e., telecoms and utilities) as...

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Legacy Wealth Weekly - Oct 28, 2016 (A Feeling of Uneasiness)

Despite cash levels in US equity mutual funds at 15-year highs and bullish sentiment on equities in the low 20s, stocks just cannot get any traction and remain unfazed by a relatively upbeat earnings season so far. For the week, Canadian and US stock...

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Legacy Wealth Weekly - Oct 14, 2016 (Earnings Time)

US equities are down a fraction this week. However, through Thursday’s down session, the S&P 500 successfully tested and rebounded from its 100-dma (2,115). Canadian stocks are up a little for the week, thanks to the strong showing of the energy (mor...

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Legacy Wealth Weekly - Oct 07, 2016 (Pound Pounded)

US and Canadian equities were down ~1% this week but considering the upward move in global bond yields, it is a moral victory for bulls. Rumours that the BoJ is now targeting the Yen, the ECB could be tapering its bond purchase program and more Fed o...

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Legacy Wealth Weekly - Sept 30, 2016 (Decoupling)

US and Canadian equities went their separate ways this week, thanks to OPEC’s production freeze (more below) which has sent WTI (~8%). US equities have been held back by investor concerns on Deutsche Bank’s (DB) capital position. The fact that Chance...

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