January 17, 2022 Newsletter

Dear Friends,

Tangents: FULL MOON TONIGHT!
Martin Luther King Day in the US.  Equity and fixed income markets closed.

1706: Statesman and inventor Benjamin Franklin was born in Boston.
1899: Gangster Al Capone was born in Brooklyn, N.Y.  and more…Go to article » 
2017: The largest and costliest search for missing aircraft MH370 over the Indian Ocean is called off, almost three years after the Malaysia Airlines Flight 370 disappeared with 239 people on board.  The underwater search turned up no traces of the aircraft, although pieces of debris were found as far away as Tanzania.

4,500 year-old avenues lined with ancient tombs discovered in Saudi Arabia.  Around 18,000 tombs were found via satellite imagery, and most were standing at their original height. 

A page of Spider-Man comic book history just sold for $3 million.  Let’s take a moment to marvel over this incredible sale, shall we? 

PHOTOS OF THE DAY

The moon sets behind Whitby Abbey. The first full moon of 2022 is Monday evening
CREDIT: Danny Lawson/PA

Bullet trains parked at a station in preparation for the upcoming lunar new year travel peak in eastern China’s Jiangsu province
CREDIT: AFP/Getty Images

Malia Manuel of Hawaii surfs during the Da Hui Backdoor Shootout at Pipeline, on the north shore of Oahu
CREDIT: Brian Bielmann/AFP/Getty Images

Market Closes for January 17^th, 2022

International Markets

Bonds

Currencies

Commodities

Market Commentary:
No one can see ahead three years, let alone five or ten. -T. Rowe Price.
Canada
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite rose for the second day, climbing 0.8 percent, or 179.89 to 21,537.45 in Toronto.
The index advanced to the highest closing level since Nov. 25.
Toronto-Dominion Bank contributed the most to the index gain, increasing 1.7 percent.
Jamieson Wellness Inc. had the largest increase, rising 4.0 percent.
Today, 174 of 241 shares rose, while 65 fell; 9 of 11 sectors were higher, led by financials stocks.
Insights
* The index advanced 20 percent in the past 52 weeks. The MSCI AC Americas Index gained 21 percent in the same period
* The S&P/TSX Composite is 1.2 percent below its 52-week high on Nov. 16, 2021 and 24.5 percent above its low on Jan. 29, 2021
* The S&P/TSX Composite is up 2.2 percent in the past 5 days and rose 3.8 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 19.5 on a trailing basis and 15.2 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.5 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$3.42t
* 30-day price volatility fell to 11.39 percent compared with 11.88 percent in the previous session and the average of 14.60 percent over the past month
================================================================
|Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
* Financials | 82.6289| 1.2| 27/1
* Energy | 38.7414| 1.3| 28/4
* Industrials | 18.4075| 0.7| 28/2
* Information Technology | 17.3798| 0.9| 11/5
* Materials | 12.1040| 0.5| 25/29
* Consumer Discretionary | 3.5136| 0.5| 12/2
* Consumer Staples | 3.3242| 0.4| 7/4
* Real Estate | 3.0350| 0.5| 22/2
* Communication Services | 1.6997| 0.2| 3/4
* Health Care | -0.1697| -0.1| 3/5
* Utilities | -0.7613| -0.1| 8/7
================================================================
| | |Volume VS| YTD
| Index | | 20D AVG | Change
Top Contributors |Points Move|% Change | (%) | (%)
================================================================
* TD Bank | 21.1300| 1.7| -70.3| 7.4
* Royal Bank of Canada | 18.1800| 1.3| -47.0| 11.1
* Bank of Nova Scotia | 8.7520| 1.1| -64.2| 4.2
* Aritzia | -0.7280| -2.0| -69.0| 11.8
* Brookfield
* Infrastructure | -0.8920| -0.6| -62.4| -3.4
* Fortis | -1.4270| -0.8| -60.7| -4.2

US
US financial markets closed in observance of Martin Luther King Day.
Have a nice 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, 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