January 16, 2023 Newsletter

Dear Friends,

Tangents: Martin Luther King Day today so US markets are closed.
Life’s most persistent and urgent question is, “What are you doing for others?” – Rev Dr. Martin Luther King Jr.

On Jan. 16, 1991, the White House announced the start of Operation Desert Storm to drive Iraqi forces out of Kuwait. Go to article » 
1883: American Civil Service created.

This woman is riding around the world with her German shepherd.  View photos of the traveling duo here! They’re currently 10 months into their epic motorcycle ride around the world.

SpaceX’s most powerful rocket nails synchronized landing.  The company’s Falcon Heavy rocket put on a dramatic show during Sunday’s launch. View a drone shot of the landing here.

Having a blue Monday? Three easy ways to boost your mood | If you weren’t feeling a little low already, today is officially the most depressing day of the year. Admittedly, the concept was dreamt up by travel companies to sell more holidays, however there’s no denying that mid-January can feel interminably dark and dreary. Thankfully there’s plenty you can do, diet-wise, to boost your mood with food.

Before Lunar New Year festivities begin, you’re supposed to deep clean the house to not carry the old stuff into the new year. The Chinese tradition of “sweeping away the dust” sweeps out bad luck and ushers in fortune and prosperity.

On this day commemorating the Rev. Dr. Martin Luther King Jr.’s life, honor his legacy by embracing his message and continuing his work, writes The Seattle Times editorial board.

London’s hottest restaurant has more to offer than you see on TikTok

PHOTOS OF THE DAY

Davos, Switzerland
A general view of the alpine resort on the opening day of the annual World Economic Forum (WEF). The world’s political and business elites gather for the annual Davos summit to promote ‘cooperation in a fragmented world’, with war in Ukraine, the climate crisis and global trade tensions high on the agenda
Photograph: Fabrice Coffrini/AFP/Getty Images

Hawaii, US
A surfer rides a wave during round four of the Da Hui Backdoor Shootout 2023 on the north shore of Oahu
Photograph: Brian Bielmann/AFP/Getty Images

Frankfurt, Germany
A regional train passes a railroad crossing between flooded fields in Nidderau-Eichen
Photograph: Michael Probst/AP
Market Closes for January 16^th, 2023

International Markets

Bonds

Currencies

Commodities

Market Commentary:
Canada
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite rose for the seventh day, climbing 0.1%, or 30.23 to 20,390.33 in Toronto.
The index advanced to the highest closing level since Dec. 2.
Brookfield Corp. contributed the most to the index gain, increasing 0.9%.
Dundee Precious Metals Inc. had the largest increase, rising 6.1%.
Today, 139 of 236 shares rose, while 89 fell; 9 of 11 sectors were higher, led by financials stocks.
Insights
* The index declined 4.5% in the past 52 weeks. The MSCI AC Americas Index lost 15% in the same period
* The S&P/TSX Composite is 8.2% below its 52-week high on April 5, 2022 and 14.1% above its low on Oct. 13, 2022
* The S&P/TSX Composite is up 2.7% in the past 5 days and rose 4.9% in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 13.5 on a trailing basis and 13.1 times estimated earnings of its members for the coming year
* The index’s dividend yield is 3.1% on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$3.29t
* 30-day price volatility fell to 13.61% compared with 13.65% in the previous session and the average of 13.35% over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Financials | 18.3705| 0.3| 18/10
Consumer Staples | 7.3401| 0.9| 9/2
Energy | 6.0328| 0.2| 25/12
Information Technology | 5.8175| 0.5| 13/1
Communication Services | 4.8136| 0.5| 4/2
Consumer Discretionary | 4.0577| 0.5| 11/4
Utilities | 3.3887| 0.4| 13/1
Real Estate | 2.2666| 0.4| 15/7
Health Care | 1.1433| 1.5| 6/1
Industrials | -0.8327| 0.0| 12/14
Materials | -22.1742| -0.9| 13/35
================================================================
| | |Volume VS |
| Index | | 20D AVG |YTD Change
Top Contributors |Points Move| % Change | (%) | (%)
================================================================
Brookfield Corp | 4.0420| 0.9| -71.7| 12.9
RBC | 3.9410| 0.3| -8.6| 5.8
Tourmaline Oil | 3.6600| 2.5| -53.0| -0.8
Canadian Pacific | -2.7610| -0.4| -77.9| 4.5
Teck Resources | -3.8430| -2.2| -76.5| 7.5
First Quantum Minerals | -7.4340| -6.2| -56.1| 3.6
Have a lovely evening.

Be magnificent.
As ever,
Carolann

In the End, we will remember not the words of our enemies, but the silence of our friends. –Martin Luther King Jr., 1929-1968.

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