June 19th, 2025, Newsletter

Dear Friends,

Tangents: Happy Friday Eve.   Juneteenth today in the US.   Last day of Spring in the Northern Hemisphere – tomorrow is the official first day of summer.

June 19, 1910: The first Father’s Day is celebrated in Spokane, Washington, marking the beginning of the annual tradition honoring fathers.
June 19, 1964: The Civil Rights Act of 1964 was approved after an 83-day filibuster in the U.S. Senate.  Go to article.

Blaise Pascal, philosopher, b. 1623.
Elbert Hubbard, writer, b. 1856.
Salmon Rushdie, writer, b. 1947.
Aung San Sun Kyi, peace activist, b. 1945.

A $10 billion basketball deal
In what is believed to be the most lucrative deal for a professional sports team, the Buss family has reportedly agreed to sell majority ownership of the Los Angeles Lakers to LA Dodgers owner Mark Walter.

Satellite coated in ultra-dark ‘Vantablack’ paint will launch into space next year to help combat major issue
Researchers from the U.K. plan to launch a CubeSat covered with a newly formulated “hull-darkening” Vantablack paint into space next year. If successful, the coating could help mitigate light pollution from private satellite “mega constellations.” Read More.

1 psychedelic psilocybin dose eases depression for years, study reveals
Half a decade after receiving a psychedelic treatment for depression, two-thirds of patients in a new study remained in remission. Read More.

China pits rival humanoids against each other in world’s first ‘robot boxing tournament’
Unitree’s combat robots can punch and kick while keeping their balance, but they are controlled by humans — for now. Read More.

Ancient ‘Dragon Man’ skull from China isn’t what we thought
Scientists have determined that a giant skull from an ancient human relative named the “Dragon Man” is actually Denisovan. Read More.

PHOTOS OF THE DAY

Beijing, China
A woman poses for a picture next to the character Mokoko as she visits Pop Mart’s theme park Pop Land
Photograph: Pedro Pardo/AFP/Getty Images

Ascot, England
Racegoers queue to enter Royal Ascot
Photograph: Toby Melville/Reuters
Lục Ngạn, Vietnam
Farmers transport harvested lychees to sell to traders at a wholesale market
Photograph: Nhac Nguyen/AFP/Getty Images
Market Closes for June 19^th, 2025

International Markets

Bonds

Currencies

Commodities

Market Commentary:
Never buy a stock immediately after a substantial rise or sell one immediately after a substantial fall. –Ben Graham, 1894-1976.
Canada
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite fell 0.2% at 26,506.00 in Toronto.
The move follows the previous session’s increase of 0.1%.
Shopify Inc. contributed the most to the index decline, decreasing 1.1%.
Capstone Copper Corp. had the largest drop, falling 3.8%.
Today, 116 of 217 shares fell, while 94 rose; 7 of 11 sectors were lower, led by materials stocks.

Insights
* This quarter, the index rose 6.4%
* So far this week, the index was unchanged
* The index advanced 23% in the past 52 weeks. The MSCI AC Americas Index gained 10% in the same period
* The S&P/TSX Composite is 0.7% below its 52-week high on June 16, 2025 and 23.3% above its low on June 19, 2024
* The S&P/TSX Composite is down 0.4% in the past 5 days and rose 2.1% in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 18.9 on a trailing basis and 16.8 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.7% on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$4.27t
* 30-day price volatility rose to 6.33% compared with 6.25% in the previous session and the average of 8.77% over the past month

Index Points
Materials | -25.8765| -0.7| 7/41
Information Technology | -18.2770| -0.7| 6/4
Financials | -9.7685| -0.1| 10/14
Consumer Discretionary | -4.5142| -0.5| 2/8
Real Estate | -1.1084| -0.2| 7/10
Utilities | -0.7231| -0.1| 4/10
Health Care | -0.3741| -0.6| 1/2
Consumer Staples | 0.0059| 0.0| 4/6
Communication Services | 0.0376| 0.0| 3/2
Industrials | 2.5678| 0.1| 18/10
Energy | 4.3392| 0.1| 32/9
Shopify | -13.3800| -1.1| -73.4| -6.1
Constellation Software | -7.6010| -1.1| -78.9| 9.5
Bank of Montreal | -6.6450| -0.9| -42.4| 3.4
Empire Co | 2.6320| 5.3| -9.3| 24.5
Canadian Pacific Kansas | 3.1430| 0.4| -49.7| 6.0
CIBC | 5.2210| 0.8| -39.3| 4.0
US
US markets closed for Juneteenth commemoration.

Have a lovely evening.

Be magnificent!
As ever,

Carolann
Anyone can carry his burden, however hard, until nightfall. Anyone can do his work, however hard, for one day. Anyone can live sweetly, patiently, lovingly, purely, till the sun goes down. And this is all life really means. –Robert Louis Stevenson, 1850-1894.

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 (Text Only)
Toll Free: 1.877.430.5895
Fax: 778.430.5828
www.carolannsteinhoff.com