Buy Sell and Tell Investments

Economics:

The US ISM (a manufacturing index) in May showed some slight improvement, but still showed the sector was contracting with a reading of 49.6 up from 48.6…any reading less than 50 indicates contraction. Not surprising, the employment sector had another weak reading of 45.5 and the prices paid component hit an 87% which is […]

Economics:
Canada’s employment added 19,000 in April but saw its unemployment rate climb to 6.1% from 6.0%. Details were on the weak side as the important manufacturing sector lost another 15,000 jobs and the private sector lost another 8,000 positions. Most of the new jobs were in the self-employed and services industry which tend […]

Recap:
Dow was up 1, TSX up 16. Merrill Lynch wrote down another $6.5 billion and posted its 3rd straight loss, 3000 jobs to be cut. On a positive note, Google’s profit rose 30%.
Economics:
Canada’s inflation for March was up 0.4% on a m/m basis and up only 1.4% on a yearly basis; this represents a 14 […]

Recap:
The Dow Jones and TSX were both down 256 and 226 points on Friday respectively probably the result of General Electric posting lower profits q/q and also lowering guidance for the year. This comes only a short time after the company had affirmed guidance in March. Markets are nervous because of the implications that weakness […]