CANADA DAY edition Pre-opening Comments for Wednesday July 1st U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points at 8:30 AM EDT. The Toronto Exchange is closed today for the Canada Day holiday. Nike (NKE) dropped $3.17 to $37.88 despite reporting higher than consensus fiscal fourth quarter earnings. However, […]

Pre-opening Comments for Tuesday June 30th U.S. equity indices were lower this morning. S&P 500 futures were down 6 points at 8:35 AM EDT. The Canadian Dollar added 0.03 to US70.26 cents following release of Canada’s April GDP report at 8:30 AM EDT. Consensus was a 0.4% increase. Actual was a 0.5% increase. The Nikkei […]

Pre-opening Comments for Monday June 29th U.S. equity index futures were higher this morning. S&P 500 futures were up 64 points at 8:30 AM EDT. Space Exploration Technologies (SPCX) added $0.15 to $153.23 on news that the stock will join the NASDAQ 100 Index on July 7th WTI Crude Oil added $0.79 to $70.02 per […]

The Bottom Line Here comes the “Summer Rally” for North American equity markets! According to www.EquityClock.com history shows that the “summer rally” for the TSX Composite Index and the S&P 500 Index, on average, starts on June 27th and last until at least July 17th. Frequently, the summer rally extends until mid-September. What about this […]

Pre-opening Comments for Friday June 26th U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points in pre-opening trade. South Korea iShares (EWY) are expected to open lower after South Korea’s KOSPI Index dropped 5.3% last night. McCormick (MKC) added $0.55 to $48.90 after reporting higher than consensus fiscal second […]