Upside

Loonie Surges After Hawkish Bank Of Canada Sees Faster Recovery, Warns Of Upside Inflation Risk

As expected, the Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank also kept its guidance and QE program unchanged at its current pace of at least $4 billion…

US Factory Orders Surprise To Upside In November

Amid a resurgence of the virus and the concomitant lockdowns, weakness in PMIs, and rising joblessness, analysts still expected Factory Orders to rise in November and they did… more than expected. US Factory Orders rose 1.0% MoM in November (more than the +0.7% expected) and October was revised higher to +1.3% MoM. That is the…

Is An Upside Start To 2021 Setting Up For A Classic Rug-Pull?

Real Investment Advice’s Lance Roberts explains in a Monday morning market update that the stock market could see additional upside but warns a correction could be nearing.  Roberts tells investors stocks could be setting up for another push higher as momentum and margin debt increases as this may generate the classic “rug-pull” scenario, resulting in a 10-20%…