May 30, 2022 Newsletter

Dear Friends,

Tangents:
1783: First U.S. newspaper published.
Peter the Great, Russian Czar, b. 1672.

2011 Germany announced plans to abandon nuclear power over the next 11 years, outlining an ambitious strategy in the wake of Japan’s Fukushima disaster to replace atomic power with renewable energy sources.  Go to article »

Stonehenge is surrounded by grassy vistas nowadays, but about 10,000 years ago, the landscape had pits likely dug by prehistoric hunters trying to trap game, a new study finds.  A team of researchers found evidence of these pits while surveying the area around Stonehenge, according to the study, published online on May 9 in the Journal of Archaeological Science.
Full Story: Live Science (5/19)

PHOTOS OF THE DAY

Sarcophaguses that are about 2,500 years old on display from the newly discovered burial site near Egypt’s Saqqara necropolis
CREDIT: Mohamed Abd El Ghany/Reuters

Corgi Charles and friends enjoy a spot of tea at an award-winning doggy daycare company, Bruce’s
CREDIT: Ben Stevens/PinPep/Rex/Shutterstock

Tracey Emin’s first Scottish show since 2008, I Lay Here For You, offers an encounter with love and hope set against the informal woodland of Jupiter Artland. The exhibition will feature new work by the artist reflecting on the possibility of love after hardship
CREDIT: Murdo MacLeod/The Guardian

Market Closes for May 30^th, 2022

International Markets

Bonds

Currencies

Commodities

Market Commentary:
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. –Sir John Templeton, 1912-2008.
Canada
By Stefanie Marotta
(Bloomberg) — Canadian equities extended their rally to close higher for the seventh straight day, the longest winning streak in seven months, as investors bought riskier technology and consumer discretionary stocks.
The S&P/TSX Composite rose 0.8%, or 170.82, to 20,919.40 in Toronto on Monday.
That’s the highest closing level since May 4.
Canadian Natural Resources Ltd. contributed the most to the index gain, increasing 2.4%. Hut 8 Mining Corp. had the largest increase, rising 11.3%.
Today, 176 of 239 shares rose, while 56 fell; 10 of 11 sectors were higher, led by energy stocks.
US markets were closed for a holiday. 
Insights
* This month, the index rose 0.8%
* The index advanced 5.4% in the past 52 weeks. The MSCI AC Americas Index lost 2.8% in the same period
* The S&P/TSX Composite is 5.8% below its 52-week high on April 5, 2022 and 7.4% above its low on May 12, 2022
* The S&P/TSX Composite is up 3.6% in the past 5 days and rose 0.8% in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 16.1 on a trailing basis and 13 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.8% on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$3.32t
* 30-day price volatility rose to 21.15% compared with 20.95% in the previous session and the average of 18.39% over the past month
================================================================
|Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
* Energy | 65.8452| 1.7| 31/1
* Financials | 53.2196| 0.8| 24/4
* Information Technology | 24.7860| 2.2| 15/1
* Consumer Discretionary | 11.2714| 1.7| 13/0
* Consumer Staples | 6.2479| 0.8| 9/2
* Industrials | 5.9227| 0.3| 21/8
* Materials | 4.7387| 0.2| 34/15
* Communication Services | 3.2126| 0.3| 4/3
* Real Estate | 1.6369| 0.3| 19/4
* Health Care | 1.0396| 1.1| 5/3
* Utilities | -7.1035| -0.7| 1/15
================================================================
| | |Volume VS| YTD
| Index | | 20D AVG | Change
Top Contributors |Points Move|% Change | (%) | (%)
================================================================
* Canadian Natural Resources | 16.4500| 2.4| -71.4| 62.8
* Shopify | 13.5200| 3.7| -71.7| -72.1
* TD Bank | 11.5400| 1.0| -66.6| -0.1
* * Rogers Communications | -1.6380| -1.0| -8.0| 7.8
* Canadian Pacific | -2.7480| -0.5| -65.8| -0.9
* Nutrien | -8.2630| -1.8| -52.9| 25.6
US
US markets are closed for Memorial Day holiday.
Have a lovely evening.

Be magnificent!
As ever,

Carolann

Mighty rivers can easily be crossed at their source. –Publilius Syrus, 85-43 BC.

Carolann Steinhoff, B.Sc., CFP®, CIM, CIWM
Senior Investment Advisor

Queensbury Securities Inc.,
St. Andrew’s Square,
Suite 340A, 730 View St.,
Victoria, B.C. V8W 3Y7

Tel: 778.430.5808
(C): 250.881.0801
Toll Free: 1.877.430.5895
Fax: 778.430.5828
www.carolannsteinhoff.com