Market Review for September 2016
Oil Increase Trump’s the Market
This month felt like I went to a water park, but instead of excitement, the only thing that was open was a lazy river as not much happened in the way of volatility in the global markets this month, in a traditionally underperforming September. Canada’s economy rebounded recently as exporters saw improving sales and our trade deficit decreased again for the 2nd consecutive month. But to highlight, Canada is still suffering from a poor economy for most of the year as employment has been the decline. The biggest news has to be OPEC’s decision to finally step in and cut production. We won’t know this for sure until November 30th when OPEC reconvenes and discusses all the details. Lastly, the Presidential debates occurred with the majority of critics stating that Hillary won the first debate with ease, often staying in line with her prepared message and just letting Trump derail himself. The memorable line had to be from Hillary, when she criticized Trumps economic plan by calling it “Trumped-Up Trickle Down Economics” in which she stated would only help the rich. Saturday Night Live had a great skit of this debate and we highly recommend that you watch it as Alec Baldwin’s performance as Trump is spot on. At the time of writing this, it can be found here: https://www.youtube.com/watch?v=Ukt2j4p_tv4. Looking forward, let’s hope the markets go upward smoothly and does not have Donald’s temperament which he call his “his strongest asset”.