May 31, 2021 Newsletter

Dear Friends,

Tangents:
Walt Whitman, poet, b. 1819.

2005 Former FBI official W. Mark Felt stepped forward as “Deep Throat,” the secret Washington Post source that helped bring down President Richard M. Nixon during the Watergate scandal.  Go to article »
1790~First US copyright law passed.

PHOTOS OF THE DAY

The sunrise over Corfe Castle in Dorset
CREDIT: STEVE HOGAN/PICTUREEXCLUSIVE.COM

People enjoy the sunshine at Bolton Abbey in Yorkshire, as Bank Holiday Monday could be the hottest day of the year so far – with temperatures predicted to hit 25C in parts of the UK
CREDIT: PA

A red squirrel takes a long sniff of a dandelion and emerges with fluffy seeds on its nose. The inquisitive squirrel inhaled deep into the wildflower for seven seconds, as if making a wish, before taking it away with the seeds still sticking to its face. The photos were taken in a forest in the Belgian area of Diepenbeek, near Hasselt
CREDIT: NIKI COLEMONT/SOLENT NEWS & PHOTO AGENCY

Market Closes for May 31^th, 2021

International Markets

Bonds

Currencies

Commodities

Market Commentary:
Canada
By Bloomberg Automation:
     (Bloomberg) — The S&P/TSX Composite fell 0.6 percent at 19,730.99 in Toronto. The move was the biggest since falling 0.9
percent on May 12 and follows the previous session’s increase of 0.4 percent. Shopify Inc. contributed the most to the index decline, decreasing 1.5 percent. Cronos Group Inc. had the largest drop, falling 5.2 percent. Today, 128 of 229 shares fell, while 96 rose; 10 of 11 sectors were lower, led by financials stocks. Terminal users can read more in our markets live blog.
Insights
* This month, the index rose 3.3 percent
* The index advanced 30 percent in the past 52 weeks. The MSCI AC Americas Index gained 40 percent in the same period
* The S&P/TSX Composite is 0.9 percent below its 52-week high on May 31, 2021 and 32.1 percent above its low on June 15, 2020
* The S&P/TSX Composite is up 1 percent in the past 5 days and rose 3.3 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 23 on a trailing basis and 16.8 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.6 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$3.11t
* 30-day price volatility fell to 9.59 percent compared with 9.70 percent in the previous session and the average of 9.27 percent over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
* Financials | -33.9770| -0.5| 12/15
* Materials | -21.8739| -0.9| 17/33
* Industrials | -19.9831| -0.9| 11/19
* Information Technology | -16.8613| -0.9| 6/5
* Consumer Discretionary | -9.4616| -1.2| 2/11
* Consumer Staples | -8.3006| -1.1| 1/12
* Communication Services | -5.5397| -0.6| 2/6
* Health Care | -3.9501| -1.4| 3/7
* Energy | -1.0455| 0.0| 16/7
* Utilities | -0.2925| 0.0| 10/5
* Real Estate | 0.0793| 0.0| 16/8

US
US markets are closed for Memorial Day.
Have a wonderful evening.

Be magnificent!
As ever,

Carolann

Everyone thinks of changing the world, but no one thinks of changing himself. –Leo Tolstoy, 1828-1910.

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