Yields are little changed to start the day as North American markets re-open after yesterday’s holidays. We’d like to thank our bond traders for making it in this morning, snow and all. Canadian yields are marginally higher while U.S. yields are off slightly. It’s pretty thin on the data-front today, with just the NFIB Small Business Survey out this morning. The Treasury is also auctioning off $87 billion in bills. Have to fund the deficit some way.
Giving European markets a little boost is news that Trump is expected to delay his European auto tariff decision
. The German DAX is up over half a percent on the six month reprieve. U.S. futures are little changed. Buy high, sell low.
Not the traditional advice you might be accustomed to. But this might
be good advice for those who own energy or pot shares. It’s tax-loss selling season and crystallizing capital losses is one way to reduce your overall tax bill. We’re not accountants and this is not ‘tax advice’ (mandatory disclaimer) but this strategy is worth discussing with your trusted advisor.
You could also discuss the age old water cooler debate – is it better to invest in real estate or the stock market
? If you’d have bought a house in Toronto ten years ago, the value of your property would have increased by 127%, while the TSX Composite Index has returned ~157%. This comparison of course excludes potential rental income from the return profile of a house. Now imagine you could own real estate stocks instead of real estate properties (a real possibility). With housing doing so well, the S&P/TSX Capped REIT Index has risen 354% over the past 10 year period. The US Stock market is also up over 300% over that time period. So long story short, if you’re considering a rental property, you might want to consider investing instead. No tenants, no maintenance, and traditionally more money.
UBS reminds us to not let the headlines scare you into cash
, but focus on the data. Well, that, and Trump’s speech at the Economic Club in NYC at noon. Of course, all ears will be perked to listen for any clues about Chinese/U.S. trade talks. The article has a very astute quote, to be “politically aware, but invested in the data”. We think this is pretty good advice. New York State Attorney General, Tish James, seemingly accepts defeat in its case against ExxonMobil
, withdrawing two counts of fraud in her closing arguments. Unfortunately, the two-decade fight against the energy giant did not lead to substantial evidence of fraud in their estimates of future greenhouse gas emissions.
Today is launch day for Disney Plus. The vault is wide open along with a new 4k Star Wars show The Mandalorian, not to mention Pixar, National Geographic, 16 of 23 Marvel moves are included, plus access to the massive Simpsons archive. Time for some morning due diligence, checking out the site looked promising, but we couldn’t’ find a sign-up link and the log in button just sort of froze. It shouldn’t be this tough to sign up, but we’ll chalk it up to launch day technical difficulties. Update on our due diligence
: Signing up on the cell phone worked and the app was downloaded, we thought it was smooth sailing from there but ran into this issue. Huawei has their workers covered, with $286 million cash rewards
for helping it ride out tension with the U.S. and working through the trade blacklisting. As a mark of recognition, almost all of its 190,000 workers will receive double pay this month. Diversion: Watch SpaceX deploy 60 Starlink internet satellites into orbit