Pre-opening Comments for Tuesday July 5th U.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade. Alphabet $GOOG slipped $19.75 to $2,155.00 after Moness lowered its target price from $3,500 to $2,900. Shopify slipped $0.42 to US$30.99 after Truist lowered its target price from $45 to $35. […]

Happy Independence Day to our United States of America readers.   The Bottom Line Base building patterns by U.S. and Canadian equity indices continue. Historically, broadly based North American equity indices reach the bottom of the U.S. Presidential cycle in June during the second year of the President’s mandate. History is repeating.   Earnings and […]

Pre-opening Comments for Friday July 1st Happy Canada Day U.S. equity index futures were lower this morning S&P 500 futures were down 16 points in pre-opening trade. Economic focus today is on release of the June ISM Manufacturing PMI report at 10:00 AM EDT. Consensus calls for a decline to 55.0 from 56.1 in May. […]