Stocks bounce at the end of an terrible week

VOLATILE Traders Peter
Tuchman far left and Patrick Casey watch the stock
sell-off yesterday at the New York Stock Exchange top

VOLATILE Traders Peter Tuchman far left and Patrick Casey watch the stock sell-off yesterday at the New York Stock Exchange top

The drop of almost 5% over the week took it below 7,100 to its lowest level since December 2016.

When oil prices fall, the loonie typically follows suit, especially against the greenback as oil prices are denominated in USA dollars.

Nicholas Colas, co-founder of DataTrek Research, doesn't think the sell-off will end until bond yields fall sharply. But stock prices have climbed faster than profits in recent years. That's also a big change: The market has been stable in the a year ago because every time it inched lower, investors swooped in looking for bargains and soon sent them higher again.

From that standpoint, it's like the stock market just went on sale.

The Cboe Volatility Index rose again on Thursday to as high as 34.54, which is more than twice as high as its recent, unprecedented lows, having suffered its biggest-ever one-day spike on Monday. At its height, the Dow around 500 points into positive territory, a thousand points up from its low.

The market meltdown is a signal that bad times lie ahead but it seems as if nobody is paying attention. That hasn't stopped the market from rising steadily over time.

"At this point, I don't see any of the movements in asset prices of late to fundamentally change my view of the economy", John Williams, president of the Federal Reserve Bank of San Francisco, told reporters after a speech in Hawaii. "The Canadian index is probably likely to take longer to rebound than the USA indices will, just given that the risk that NAFTA is going to be abolished seems to be increasing with time rather than decreasing".

Читайте также: Leicester's Mahrez returns to training

The Dow Jones Industrial Average temporarily dropped more than 500 points after shares were sold across the board on concerns about rising long-term interest rates.

A Toronto Stock Exchange ticker is seen at The Exchange Tower in Toronto on Thursday, August 18 2011.

Edward Glossop, an emerging market economist at Capital Economics, said the drop isn't anything to be concerned about following a long-running rally. Committing regular amounts of money every month also lets you benefit if downturns last a while before a recovery kicks in.

The Canadian dollar tends to move on several types of data - particularly commodity prices, which also saw their fortunes reversed this week by the heightened levels of volatility in the market place.

The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary created to help people take control of their financial lives.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. "They could be in full panic mode right now".

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Recommended News

  • Here's what you missed Friday and overnight at the Olympics

    Here's what you missed Friday and overnight at the Olympics

    Moon, who was seated in front of the North Korean delegation, was photographed shaking hands with a smiling Kim. He added that he "wanted the honor of meeting with the men and women who fled the tyranny of North Korea".
    Narendra Modi arrives in Palestine, to hold talks with Mahmoud Abbas

    Narendra Modi arrives in Palestine, to hold talks with Mahmoud Abbas

    He said Modi deserved all credit for it and that this was also a recognition of his leadership and stature as a world leader. It was back when India was one of the main leaders of the Non-Aligned Nations and embraced an anti-Israel stance.
    Korean leader proposes inter-Korean summit with Moon

    Korean leader proposes inter-Korean summit with Moon

    After a chaotic year of nuclear war threats and missile tests from the North, it was a striking visual moment. The prospect of two-way talks between the Koreas, however, may not be welcomed by the United States.
  • Johann Johannsson, 'Theory Of Everything' Composer, Dead at 48

    Johann Johannsson, 'Theory Of Everything' Composer, Dead at 48

    Johannsson, from Reykjavik, Iceland, was also an accomplished musician, recording several albums including Fordlandia and Orphee . Rosalie Voss, who runs Redbird's European office, said: "We are waiting to find out more in the coming days".
    None of the newly-acquired Cavaliers are guaranteed to start

    None of the newly-acquired Cavaliers are guaranteed to start

    But things didn't go so well for Thomas in Cleveland , where he averaged just 14.7 points and shot 36.1 percent from the field. I grew tired of hearing how the Cavs couldn't do much with the roster because of James refusing to commit beyond this season .
    Activist Ravi Ragbir Thwarts ICE's Try To Deport Him, For Now

    Activist Ravi Ragbir Thwarts ICE's Try To Deport Him, For Now

    For instance, Jean Motrevil, a co-founder of New Sanctuary Coalition, was deported January 16 by ICE and sent to Haiti. Hundreds of people have rallied in New York City in support of an immigration activist fighting deportation.
  • Phil Mickelson climbs into contention at the AT&T Pebble Beach Pro

    Phil Mickelson climbs into contention at the AT&T Pebble Beach Pro

    But more than that, I love the golf courses and I love coming up here and playing on days like this that make it just spectacular. Australian golfer Cameron Percy has emerged as a surprise contender after the first round of a star-studded Pebble Beach Pro Am.
    South Korean president Moon Jae meets North Korean delegation

    South Korean president Moon Jae meets North Korean delegation

    But North Korea's bad record on human rights and the growing threat from its nuclear weapons program appeared out of mind. Since Pence arrived at the dinner late the seating plan was shuffled, Pence again missing an opportunity created by Moon.
    Conte admits frustration over Morata's ongoing back injury

    Conte admits frustration over Morata's ongoing back injury

    The Spain global is sidelined with a back injury, with head coach Antonio Conte unsure when to expect the forward to return . He won two league titles and two Coppa Italia with the Turin club before returning to Santiago Bernabeu in 2016.
  • Major Israeli air raids hit 'Iranian targets' in Syria

    The Kremlin said Putin had stressed to Netanyahu the necessity to "avoid any measure that could lead to a risky escalation". Conricus said the Israeli jets faced between 15 to 20 anti-aircraft missiles fired by SA-5 and SA-17 batteries.
    N. Korean leader invites S. Korea's Moon to the North--president's office

    N. Korean leader invites S. Korea's Moon to the North--president's office

    It marked the first time in eight and a half years that a high profile DPRK delegation visited South Korea's presidential complex. They may also see a performance by a visiting North Korean art troupe in Seoul on Sunday before flying back to Pyongyang.
    Don't mention nukes: South Koreans learn how to talk to the enemy

    Don't mention nukes: South Koreans learn how to talk to the enemy

    A Moon-Kim summit would mark the first time leaders of two countries have met in 11 years. "Please visit us at your convenience". Pence, right, and Kim Yo Jong , second left, attend the opening ceremony of Pyeongchang 2018 Winter Olympic Games .

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.