3/10/2025
S&P 500 fell 2.7%
The S&P 500 is off 8.7% from its all-time high reached Feb. 19, and the Nasdaq Composite is off nearly 14% from its recent high. A 10% decline is considered a correction
Year Performance sitting at -.5%
Tariffs continue to rout market
Market driven by fear instead of greed
The big report of the week is the consumer price index, due for release on Wednesday at 8:30 a.m. ET, as well as the producer price index on Thursday. Investors will use these indicators as an important gauge for the health of the U.S. economy.
Tesla finished today -15%
Mark Carney wins race to replace Trudeau as Canada's prime minister
86% of votes
At the start of 2025 the liberals trailed by 20 or more points but is now statistically tied with the official opposition Conservatives led by career politician Pierre Poilievre
Carney spent 13 years at Goldman Sachs
Trump has declared business bankruptcy 6 times
The Atlanta Fed's GDPNow model estimate for annualized growth in the current quarter was a stunning -2.8% on Monday, down from +2.3% last week. A month ago the model showed that growth in the January-March period was tracking close to +4.0%
Markets are certainly signaling there could be trouble ahead. The Nasdaq has lost as much as 9% in 10 days, with Big Tech down even more. Investors are seeking the safety of U.S. Treasuries: the two-year yield on Friday fell below 4.00% for the first time since October, and the 10-year yield has tumbled 60 bps since mid-January.
U.S. stocks are at risk of slumping another 5% on worries about the hit to corporate earnings from tariffs as well as lower fiscal spending, according to Morgan Stanley’s Michael Wilson
the benchmark could sink 20% in the likelihood of a recession
LCBO has ceased the purchase of all U.S. products
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