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December 20, 2025 | Tech Talk for Saturday December 20th 2025
The Bottom Line Santa Claus arrived later than usual this year! The proverbial Santa Claus Rally in North American equities from December 14th to January 6th started on Thursday December 18th Equity prices responded late last week when analysts significant increased quarterly earnings and revenues estimates. Consensus for Earnings and Revenues for S&P 500 companies […]
December 13, 2025 | Tech Talk for Saturday December 13th 2025
The Bottom Line The TSX Composite Index has just entered its strongest period of seasonal strength in the year relative to the S&P 500 Index. During the past 20 periods from December 14th to March 3rd, the TSX Composite Index has outperformed the S&P 500 Index by 2.7% per period.
December 6, 2025 | Tech Talk for Saturday December 6th 2025
The Bottom Line Focuses this week are on interest rate decisions announced on Wednesday by Bank of Canada and the Federal Reserve. Consensus calls for no change in the Bank of Canada’s overnight lending rate to major Canadian banks at 2.25% and a 0.25% drop by the Fed Fund Rate to 3.75%. Consensus for Earnings […]
November 29, 2025 | Tech Talk for Saturday November 29th 2025
The Bottom Line Seasonal strength by North American indices from late November to early January “kicked in” last week despite limited favourable economic and corporate news. Notable was strength by the NASDAQ Composite Index on a real and relative basis (relative to the S&P 500). Economic News This Week U.S. September Construction Spending is released […]
November 22, 2025 | Tech Talk for Saturday November 22nd 2025
The Bottom Line Look for volatile, but trendless equity prices on lower than average volume in North American equity markets this week. U.S. equity markets are closed for Thanks Giving on Thursday. Institutional investors have a history of “going on holidays” after the opening on Wednesday. Ditto for Canadian equity markets! The TSX Composite Index […]
November 15, 2025 | Tech Talk for Saturday November 15th 2025
The Bottom Line This year, North American equity markets are not following their traditional pattern of seasonal strength from late October to the first week in January. The S&P 500 Index and the TSX Composite Index have remained in a relative tight trading range since the beginning of October. The equal weighted S&P 500 ETF […]
November 8, 2025 | Tech Talk for Saturday November 8th 2025
The Bottom Line U.S. equity indices recovered sharply in the second half of trading on Friday: That’s when Democrat members in the Senate offered a proposal to end the federal government shutdown. Prior to the news, price levels for U.S. and Canadian equity indices, related ETFs and individual equities extended losses for the week. The […]
November 1, 2025 | Tech Talk for Saturday November 1st 2025
The Bottom Line Will U.S. and Canadian indices follow their traditional pattern of moving higher this year from November until the first week in January (i.e. the so called Christmas rally season)?
October 25, 2025 | Tech Talk for Saturday October 25th 2025
The Bottom Line Focuses this week are on: Interest rate decisions by the Federal Reserve and Bank of Canada on Wednesday. Big cap corporate quarterly results released on Wednesday (Microsoft, Alphabet and Meta) and Thursday (Apple and Amazon). Consensus for Earnings and Revenues for S&P 500 companies Source: www.factset.com Analyst earnings and revenue estimates increased […]
October 18, 2025 | Tech Talk for Saturday October 18th 2025
The Bottom Line The S&P 500 Index and TSX Composite Index are following their traditional pattern in the month of October: Lots of volatility, but no trend.
October 4, 2025 | Tech Talk for Saturday October 4th 2025
The Bottom Line The calm before the storm! Frequency of quarterly reports by North American companies reaches a low point this week: Many companies are in the “quiet zone” period prior to release of results. Consensus shows that analysts are expecting lower earnings growth in the third quarter relative to the second quarter when earnings […]
September 27, 2025 | Tech Talk for Saturday September 27th 2025
The Bottom Line “Sell on Rosh Hashanah, buy on Yum Kippur” (i.e. Sell S&P 500 on September 22nd, buy on October 1st this year) is working once again. Likelihood of the event is compounded by the traditional “hang over” impact on equity and options markets following expiration of September listed options and futures on Friday. […]
September 20, 2025 | Tech Talk for Saturday September 20th 2025
The Bottom Line “Sell on Rosh Hashanah, buy on Yum Kippur”: Ancient Jewish saying related to U.S. equity markets! It predicts a brief period of seasonal weakness for U.S. equity markets. This year, the period is from Monday September 22nd to Wednesday October 1st. The saying coincides closely with the weakest two week period in […]
September 13, 2025 | Tech Talk for Saturday September 13th 2025
The Bottom Line Focuses this week are on central bank announcements on Wednesday. The FOMC and Bank of Canada are expected to lower their lending rate to major banks by 0.25%. Stock and bond prices during the past two week in September have moved higher in anticipation of the change. A word of caution! U.S. […]
September 6, 2025 | Tech Talk for Saturday September 6th 2025
The Bottom Line Responses to the August U.S. employment report released on Friday were significant. Lower than consensus Non-farm Payrolls prompted equity prices to move lower and bond prices to move higher. Yield on 10 year Treasuries dropped below support a 4.18% and 4.12% extending an intermediate downtrend. Yield dropped on growing anticipation of a […]
August 30, 2025 | Tech Talk for Saturday August 29th 2025
The Bottom Line U.S. equity indices have a history of moving lower in September, particularly during post Presidential Election years. What about this year? With major U.S. equity indices currently at all-time highs and reaching intermediate and long term overbought levels, chances of at least a shallow correction this September are higher than average. Impact […]
August 23, 2025 | Tech Talk for Saturday August 23rd 2025
The Bottom Line Federal Reserve Chairman Powell’s Jackson Hole Symposium speech on Friday morning triggered significant buying: Expectation of a reduction in the Fed Fund Rate at the next FOMC meeting on September 17th triggered purchases of both U.S. equities and bonds. The S&P 500 SPDRs (SPY) and the Dow Jones Industrial Average SPDRs (DIA) […]
August 16, 2025 | Tech Talk for Saturday August 16th 2025
The Bottom Line Technical parameters for North American equity markets were mixed last week. The Dow Jones Industrial Average, S&P 500 Index, NASDAQ Composite Index and TSX Composite Index managed to set all-time highs. On the other hand, the S&P 500 Equal Weight ETF (RSP) closed below its all-time high set on July 25th and […]
August 9, 2025 | Tech Talk for Saturday August 9th 2025
The Bottom Line Despite gains recorded by U.S. equity indices last week, technical evidence of an intermediate peak set in late July continues to accumulate. North American equity markets have entered their traditional corrective period in August and September during post-U.S. President Election years following an advance from April to July. Strength this year from […]
August 2, 2025 | Tech Talk for Saturday August 2nd 2025
The Bottom Line North American equity markets have entered their traditional corrective period in August and September during post-U.S. President Election years following an advance from April to July. Strength this year from April to July was prompted by greater (i.e. front end loaded) economic activity prior to launch of tariffs on manufactured products. And […]
July 26, 2025 | Tech Talk for Saturday July 26th 2025
The Bottom Line Here comes equity market volatility! Lots of market moving news impacting North American equity markets this week including: FOMC and Bank of Canada’s decisions on interest rates on Wednesday. No changes in U.S. and Canadian administered rates are expected, but traders will watch closely for potential timing for future rate reductions […]
July 19, 2025 | Tech Talk for Saturday July 19th 2025
The Bottom Line Focuses this week are on second quarter earnings reports by major U.S. and Canadian companies. Look for additional surprisingly strong results relative to consensus! Consensus for Earnings and Revenues for S&P 500 companies Source: www.factset.com The second quarter earnings season continues to surprise: 60 S&P 500 companies have reported results to date […]
July 12, 2025 | Tech Talk for Saturday July 12th 2025
The Bottom Line Focus this week is on second quarter earnings reports released by companies in the U.S. Financial Services sector. Consensus for Earnings and Revenues for S&P 500 companies Source: www.factset.com The second quarter earnings season is off to a good start: 20 S&P 500 companies have reported results to date. 71% reported earnings […]
July 5, 2025 | Tech Talk for Saturday July 5th 2025
The Bottom Line Passage of “The One Beautiful Bill” by Congress late on Thursday and signed by President Trump on Friday is expected to set the stage for North American equity markets to move higher this week. The “Summer Rally” that frequently lasts until the end of July started last week. Consensus for Earnings and […]
June 28, 2025 | Tech Talk for Saturday June 28th 2025
The Bottom Line All-time highs for the S&P 500 Index and NASDAQ Composite Index were recorded on Friday! What about a summer rally by U.S. equity indices this year? According to www.EquityClock.com, “The market may be setup for a move higher going into the new quarter. Stocks have tended to produce gains, on average, between […]