Category: Events

Dear Friends,

Tangents:
Robert Burns, poet, b. 1759.
O my Luve’s like a red, red rose,
That’s newly sprung in June:
O my Luve’s like the melodie,
That’s sweetly played in tune….
                     -Robert Burns
Virginia Woolf, writer, b. 1882.
As an experience, madness is terrific….and in its lava I still find most of the things I write about.
A woman must have money and a room of her own if she is to write fiction. -Virginia Woolf

W. Somerset Maugham, b. 1874
It’s a funny thing about life; if you refuse to accept anything but the best, you very often get it.
To acquire the habit of reading is to construct for yourself a refuge from almost all the miseries of life. –Somerset Maugham

On Jan. 25, 1915, the inventor of the telephone, Alexander Graham Bell, inaugurated U.S. transcontinental telephone service. Go to article »
1984- Macintosh computer debuts.

Bernie Sanders turns inauguration meme into sweatshirt for charity
He’s embraced his new role as a cozy fashion inspiration
A woman who won a $60 million lottery said she got the winning numbers from her husband’s dream
Some husbands dream about accidentally showing up to work in their underwear, and others dream of $60 million premonitions.  
The secret ingredient that powers Supernovas

PHOTOS OF THE DAY
Robot Franziska cries because someone stands in its way while cleaning the floor
CREDIT: ANDREAS GEBERT/REUTERS
Horses are dwarfed by their shadows in their meadow in Saint-Gondran, western France
CREDIT: DAMIEN MEYER/AFP VIA GETTY IMAGES
A field of rapeseed sits in the foreground, with Mount Fuji in the background at Azumayama Park in Ninomiya, Japan
CREDIT: JIJI PRESS/AFP VIA GETTY IMAGES
Market Closes for January 25th, 2021 

Market Index	Close	Change
Dow Jones	30960.00	-36.98
		-0.12%
S&P 500	3855.36	+13.89
		+0.36%
NASDAQ	13635.992	+92.930 +.69%
TSX	17906.02	+60.11
		+.32%

 

 

 

 

 

 

 

 

 

 

 

 

International Markets

Market Index	Close	Change
NIKKEI	28822.29	+190.84
		+0.67%
HANG SENG	30159.01	+711.16
		+2.41%
SENSEX	48347.59	-530.95
		-1.09%
FTSE 100*	6638.85	-56.22 -0.84%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	.812	.846
CND. 30 Year Bond	1.445	1.473
U.S.    10 Year Bond	1.0295	1.0855
U.S. 30 Year Bond	1.7920	1.8466

Currencies

BOC Close	Today	Previous
Canadian $	.78468	0.78494
US $	1.27440	1.27399
Euro Rate 1 Euro=		Inverse
Canadian $	.64619	1.54753
US $	.82350	1.21432

Commodities

Gold	Close	Previous
London Gold Fix	1852.70	1862.10
Oil
WTI Crude Future	52.75	52.25

Market Commentary:
On this day in 1853, basic financial disclosure became mandatory for all companies seeking to list their stock for trading on the New York Stock & Exchange Board.
Canada
By Michael Bellusci
(Bloomberg) — Canadian equities rose Monday with tech stocks in the limelight ahead of corporate earnings. The S&P/TSX Composite Index gained 0.3% as BlackBerry Ltd. jumped 31% to its highest level since 2011. Materials and health care were among laggards. Oil gained the most in about a week with expectations for tighter global supply offsetting concerns that a bumpy Covid-19 vaccine rollout will further blunt demand. Moderna Inc. said its vaccine will protect against two known variants of the Covid-19 virus, but it plans to start human studies of a booster shot for a strain from South Africa that may cause immunity to wane more quickly.
Commodities
* Western Canadian Select crude oil traded at a $13.75 discount to West Texas Intermediate
* Spot gold fell 0.01% to $1,855.44
FX/Bonds
* The Canadian dollar fell 0.1% to C$1.2744 per U.S. dollar
* The 10-year Canada government bond yield fell 3.6 basis points to 0.806%

By Bloomberg Automation:
     (Bloomberg) — The S&P/TSX Composite rose 0.3 percent at 17,906.02 in Toronto. The move was the biggest since rising 1.1 percent on Jan. 7 and follows the previous session’s decrease of 0.4 percent. BlackBerry Ltd. contributed the most to the index gain, increasing 28.3 percent. Tfi International Inc. had the largest increase, rising 32.3 percent. Today, 108 of 221 shares rose, while 107 fell; 6 of 11 sectors were higher, led by information technology stocks.
Insights
* This month, the index rose 2.7 percent
* The index advanced 1.9 percent in the past 52 weeks. The MSCI AC Americas Index gained 18 percent in the same period
* The S&P/TSX Composite is 0.8 percent below its 52-week high on Jan. 8, 2021 and 60.3 percent above its low on March 23, 2020
* The S&P/TSX Composite is little changed in the past 5 days and rose 1.6 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of
26.3 on a trailing basis and 17.2 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.76t
* 30-day price volatility rose to 8.19 percent compared with
8.16 percent in the previous session and the average of 8.42 percent over the past month
================================================================
|Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Information Technology | 30.0351| 1.6| 7/3
Industrials | 25.7655| 1.2| 20/8
Communication Services | 9.3373| 1.1| 5/2
Consumer Staples | 6.7729| 1.1| 7/3
Utilities | 0.7994| 0.1| 8/8
Consumer Discretionary | 0.0283| 0.0| 6/7
Energy | -0.5457| 0.0| 11/10
Health Care | -0.9692| -0.4| 4/4
Financials | -1.0778| 0.0| 16/10
Real Estate | -1.1639| -0.2| 10/15
Materials | -8.8766| -0.4| 14/37
US
By Katherine Greifeld
(Bloomberg) — Technology shares led gains in U.S. stocks as investors awaited earnings from some of the biggest companies. The Nasdaq 100 climbed amid gains for Apple Inc., Tesla Inc. and Microsoft Corp. The S&P 500 Index ended higher, though gains were limited after the top Senate Democrat said lawmakers said an aid package was unlikely before mid-March and a U.S. health official expressed concern about vaccination delays. GameStop Corp. extended its extreme volatility, more than doubling before paring most of the gains. The picture was more negative in Europe, with equity benchmarks in France, Spain and the U.K. ending lower. The Stoxx 600 Travel & Leisure index lost 1.9% amid news France may go into another lockdown, the U.K. may tighten border controls and as Israel moved to bar foreign flights from entering the country.
The S&P 500 is coming off its best week since November, and investors are looking for fresh catalysts to push the index higher or at least justify current valuations. That could come from a slate of earnings reports due this week that will shed light on how the biggest tech companies are faring and whether retailers, travel companies and restaurants are seeing any meaningful pickup in business. “You’ve got 65% of market cap reporting in the next two weeks,” Stuart Kaiser, head of derivatives research at UBS Group AG, said in a Bloomberg Television interview. “The market had rotated into cyclical/value stocks at the end of last year and early into this year, and as earnings have started, I think they’ve been sort of reminded why they liked the leaders to begin with from last year.” In Asia, stocks gained. Chinese internet firm Tencent Holdings Ltd. jumped 11%, the biggest gain since 2011, as mainland traders sparked a buying frenzy. Elsewhere in markets, crude oil in New York climbed toward $53 a barrel and the dollar gained. Sovereign bond yields dipped while Bitcoin rebounded above $34,000 before paring the advance.
These are some key events coming up in the week ahead:
* Microsoft Corp., Apple Inc., Tesla Inc., Facebook Inc., UBS Group AG and Samsung Electronics Co. are among companies reporting results.
* Data on U.S. home prices and consumer confidence come Tuesday.
* The Federal Open Market Committee monetary policy decision and briefing by Chair Jerome Powell are scheduled for Wednesday.
* Fourth-quarter GDP, initial jobless claims and new home sales are among U.S. data releases Thursday.
* U.S. personal income, spending and pending home sales come Friday.

These are the main moves in markets:
Stocks
* The S&P 500 Index rose 0.4% as of 4 p.m. New York time.
* The Stoxx Europe 600 Index declined 0.8%.
* The MSCI Asia Pacific Index advanced 1%.
* The MSCI Emerging Market Index climbed 1.2%.
Currencies
* The Bloomberg Dollar Spot Index rose 0.2%.
* The euro decreased 0.3% to $1.2141.
* The British pound fell 0.1% to $1.3668.
* The Japanese yen was little changed at 103.77 per dollar.
Bonds
* The yield on 10-year Treasuries declined five basis points to 1.04%.
* Germany’s 10-year yield decreased four basis points to -0.55%.
* Britain’s 10-year yield fell five basis points to 0.26%.
Commodities
* West Texas Intermediate crude rose 1% to $52.80 a barrel.
* Gold was little changed at $1,855.01 an ounce.
–With assistance from Joanna Ossinger, Paul Jarvis, Anchalee Worrachate and Sunil Jagtiani.

Have a great night.

Be magnificent!
As ever,

Carolann

The secret of success is before attempting anything,
be very clear about why you are doing it. –Guan Yin Tzu.

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

Dear Friends,

Tangents: Happy Friday.
Bees aren’t getting enough sleep, thanks to some common pesticides.  You monsters! Let the bees sleep! –CNN.

Forget the mittens; Bernie Sanders’ inauguration coat is selling out

Hank Aaron, who faced down racism to become one of baseball’s greatest players and its home run king, has died at 86.  The Atlanta Braves, his team for many years, confirmed the death but did not provide a cause.  Aaron’s pursuit of Babe Ruth’s career record of 714 home runs proved a deeply troubling affair beyond the pressures of the ball field. When Aaron hit his 715th home run in 1974 against the Los Angeles Dodgers, he prevailed in the face of hate mail and death threats from racists who were outraged that a Black man could supplant a white baseball icon. 

“It really made me see for the first time a clear picture of what this country is about,” Aaron later said of the accomplishment. He would go on to hold the title of most home-runs — 755 in total — for 30 years. It was one of many outrageous stats held by Hammerin’ Hank. -NYTimes.

The Late Night Hosts weighed in on Biden’s first day in the White House:
“The first day on the job is stressful — any job — but especially when you’re the new manager and the last guy got called into H.R. for inappropriate workplace treasoning,” Stephen Colbert said.

“Yeah, it was Biden’s first full day. I’m sure part of him was like, ‘Just to mess with everyone, I should go golfing.’” — JIMMY FALLON

“The Trump administration had a year and they didn’t even sit down and draw up a plan. Was coronavirus task force leader Mike Pence in cold storage during that whole time? Did Dr. Birx get lost in a pile of scarves?” — SETH MEYERS

“Yeah, I mean, honestly, what did they expect? It’s like walking into your house and being mad that your dog didn’t do your taxes.” — JIMMY FALLON
PHOTOS OF THE DAY
A drone photo shows goats and shepherds walk in a single line on the slopes of the snowy mountains returning from the plateaus of 2,500 altitude in Diyarbakr’s Kulp district, Turkey
CREDIT: BESTAMI BODRUK/ANADOLU AGENCY VIA GETTY IMAGES
This Globe-bearing treehopper (Bocydium globulare) or Helicopter treehopper is pictured in the Amazon Rainforest, near Puyo, Ecuador
CREDIT: DAVID WEILLER/WENN
New York-style Brasher Doubloon
CREDIT: HERITAGE AUCTIONS VIA AP

Market Closes for January 22^nd, 2021 

Market Index	Close	Change
Dow Jones	30996.98	-179.03
		-0.57%
S&P 500	3841.47	-11.60
		-0.30%
NASDAQ	13543.063	+12.148 +0.09%
TSX	17845.91	-70.29
		-0.39%

 

 

 

 

 

 

 

 

 

 

 

 

International Markets

Market Index	Close	Change
NIKKEI	28631.45	-125.41
		-0.44%
HANG SENG	29447.85	-479.91
		-1.60%
SENSEX	48878.54	-746.22
		-1.50%
FTSE 100*	6695.07	-20.35 -0.30%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	.846	0.870
CND. 30 Year Bond	1.473	1.499
U.S.    10 Year Bond	1.0855	1.1058
U.S. 30 Year Bond	1.8466	1.8692

Currencies

BOC Close	Today	Previous
Canadian $	0.78494	0.79131
US $	1.27399	1.26373
Euro Rate 1 Euro=		Inverse
Canadian $	0.64483	1.55080
US $	0.82150	1.21728

Commodities

Gold	Close	Previous
London Gold Fix	1862.10	1856.60
Oil
WTI Crude Future	52.25	53.09

Market Commentary:
     On this day in 1968, in an emergency move, the New York Stock Exchange closed 90 minutes early, at 2 p.m. The early close, reported The Wall Street Journal, was meant to help inundated trading clerks catch up on a “deluge of paper work that has resulted from a recent sustained period of unusually heavy trading.” 
Canada
By Aoyon Ashraf and Michael Bellusci
(Bloomberg) — Canadian stocks dropped for a second straight week as traders weighed coronavirus lockdowns and corporate earnings. The S&P/TSX Composite Index dropped 0.4% Friday, with energy and financials lagging. Info tech advanced. Oil declined the most in a week on Friday with rising U.S. crude stockpiles seen as an obstacle facing a market that is still recovering from a pandemic-induced demand slump. The Ontario Teachers’ Pension Plan committed to reaching net-zero emissions across its investment portfolio within three decades.
Commodities
* Western Canadian Select crude oil traded at a $14.00 discount to West Texas Intermediate
* Spot gold fell 0.8% to $1,854.70
FX/Bonds
* The Canadian dollar fell 0.7% to C$1.2727 per U.S. dollar
* The 10-year Canada government bond yield fell 2.4 basis points to 0.846%

By Bloomberg Automation:
     (Bloomberg) — The S&P/TSX Composite fell for the second day, dropping 0.4 percent, or 70.29 to 17,845.91 in Toronto. The index dropped to the lowest closing level since Jan. 6. Toronto-Dominion Bank contributed the most to the index decline, decreasing 1.2 percent. Vermilion Energy Inc. had the largest drop, falling 5.6 percent. Today, 149 of 221 shares fell, while 70 rose; 6 of 11 sectors were lower, led by financials stocks.
Insights
* This month, the index rose 2.4 percent
* So far this week, the index fell 0.4 percent
* The index advanced 1.4 percent in the past 52 weeks. The MSCI
AC Americas Index gained 17 percent in the same period
* The S&P/TSX Composite is 1.2 percent below its 52-week high on
Jan. 8, 2021 and 59.7 percent above its low on March 23, 2020
* S&P/TSX Composite is trading at a price-to-earnings ratio of
26.2 on a trailing basis and 17.1 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.77t
* 30-day price volatility fell to 8.16 percent compared with
8.19 percent in the previous session and the average of 8.52 percent over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Financials | -41.2581| -0.8| 3/23
Energy | -24.9611| -1.2| 3/19
Materials | -11.9560| -0.5| 13/39
Industrials | -8.3098| -0.4| 13/16
Real Estate | -1.9974| -0.4| 5/20
Consumer Discretionary | -0.8789| -0.1| 5/8
Communication Services | 0.0306| 0.0| 5/2
Consumer Staples | 0.0423| 0.0| 4/6
Health Care | 1.5690| 0.6| 5/4
Utilities | 4.2921| 0.5| 10/6
Information Technology | 13.1355| 0.7| 4/6
US
By Lu Wang
(Bloomberg) — U.S. stocks slipped from records as investors grew anxious that the virus will hamper growth for longer than expected and Democrats may struggle to get a nearly $2 trillion spending bill through Congress. The S&P 500 Index fell for the first time in four days, with losses widening on reports that the new virus strain may be deadlier. It rose 1.9% in the week. Oil’s slump dragged energy companies lower, while Intel Corp. dropped after its new boss recommitted to chipmaking, a move opposed by some investors. Yields on Treasuries edged lower, and crude oil slid below $53 a barrel. Bloomberg’s dollar index rose for the first time in five sessions. Overseas markets struggled after economic data in Europe missed estimates. IHS Markit data showing a pickup in U.S. manufacturing did little to boost sentiment.
     Senate Republicans continued to come out against Joe Biden’s aid package, threatening the legislation’s passage in the sharply divided body.  “The virus numbers are not good right now obviously around the world, especially in the U.S. and in Europe, and we’re also getting a little bit more question about how much of the stimulus is actually feasible and what’s the timeline,” Scott Ladner, chief investment officer at Horizon Investments, said by phone. “Those two things are putting just a damper on the enthusiasm that has existed since November.” The week’s global equity rally, spurred by expectations of economic support and the rollout of vaccines, paused as traders weigh still-troubling Covid-19 trends. Biden, who is pushing for $1.9 trillion in additional spending, unveiled a strategy to combat the virus while warning the pandemic will worsen before it improves.
      Restrictions intensified from Germany and the U.K. to Hong Kong, and the European Central Bank cautioned that the euro area is headed for a double-dip recession. The U.K.’s new more contagious strain of coronavirus may be linked to higher mortality, Prime Minister Boris Johnson has said. “Recent news flow on the pandemic has not been favorable,” said Jean-Francois Paren, global head of market research at Credit Agricole. “After the post-election wave of optimism from the U.S., markets have been left facing the reality of vaccine delivery and new lockdown measures, and the perspective of a double-dip in Europe.” The Stoxx Europe 600 index fell for the second straight week as a gauge of private-sector activity in the euro region fell deeper into contraction and Germany cut its forecast for economic growth. The British pound weakened after Johnson said the U.K.’s third lockdown could last into the summer. Italian stocks underperformed and bond yields rose after reports Prime Minister Giuseppe Conte is considering early elections.  Elsewhere, Bitcoin rebounded to trade around $32,000 after earlier tumbling below $30,000.

These are the main moves in markets:
Stocks
* The S&P 500 lost 0.3% by 4 p.m. New York time.
* The Stoxx Europe 600 Index fell 0.6%.
* The MSCI Asia Pacific Index dropped 0.7%.
* The MSCI Emerging Markets Index slipped 1.1%.
Currencies
* The Bloomberg Dollar Spot Index climbed 0.4%.
* The yen was at 103.78 per dollar, dipping 0.3%.
* The euro rose 0.1% to $1.2178.
* The British pound weakened 0.5% to $1.3664.
Bonds
* The yield on 10-year Treasuries fell two basis points to 1.08%.
* Germany’s 10-year yield dipped one basis point to -0.51%.
* The U.K.’s 10-year yield fell one basis point to 0.32%.
Commodities
* West Texas Intermediate crude fell 1.4% to $52.41 a barrel.
* Gold dropped 0.9% to $1,852.94 an ounce.
–With assistance from Robert Brand and Brendan Walsh.
Have a wonderful weekend everyone.

Be magnificent!
As ever,

Carolann
If you just set out to be liked, you will be prepared to compromise on anything at any time,
and would achieve nothing. -Margaret Thatcher, 1925-2013

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

Dear Friends,

Tangents:
Ethan Allen, revolutionary war hero, b.1738.
Christian Dior, designer, b.1905.
1915: Kiwanis International founded.
1981: Ronald Reagan inaugurated as the 40^th President of the United States of America.
On Jan. 21, 1924, the Russian revolutionary Vladimir Ilyich Lenin died at age 53. Go to article »

Scientists make paralyzed mice walk again. (h/t Scott Kominers)
Bernie Sanders is now a meme.

The Trump era in a nutshell. We asked a group of presidential historians to weigh in on Trump’s biggest achievements, his most emblematic moments and to sum up his term in three words. The answers were timely, foreboding and downright relentless. See their picks and tell us yours.-Bloomberg.

The Late Night Hosts weigh in:
“Wow, all right. So that’s what it feels like when you’re not grinding your teeth. I forgot, and I think — yeah, I can see colors again.” — SETH MEYERS

“It’s so nice to have a president with a soul again. The previous one sold his to the devil and didn’t even get Georgia out of the deal.” — STEPHEN COLBERT

“‘Have a good life?’ That’s not a presidential farewell. That’s what your high school crush writes in your yearbook as a final twist of the knife: ‘I guess we won’t be seeing each other with me going to Bryn Mawr and you staying here to chase your kickboxing dreams so, have a good life.’” — SETH MEYERS

“That’s ominous. What form? A Demogorgon? A Horcrux? Maybe he’ll come back as the Stay Puft Marshmallow Man?” — JIMMY KIMMEL

“‘In some form?’ What does that mean? [imitating Trump] ‘Whenever you see a black plastic bag stuck in a tree, or a vulture on the shoulder of the highway pulling the guts out of a dead raccoon, that’ll be me.’” — SETH MEYERS

“Who wrote this speech, Voldemort?” — JIMMY FALLON
PHOTOS OF THE DAY

A child runs towards a dust storm in Mullengudgery, New South Wales, Australia. Dust storms have hit many parts of western New South Wales as a prolonged drought continues.
CREDIT: MARCIA MACMILLAN/AFP/GETTY IMAGES
An Ethiopian Orthodox Christian holds a candle during the celebration of Timkat, the Ethiopian Epiphany, in Gondar, Ethiopia.
CREDIT: EDUARDO SOTERAS/AFP/GETTY IMAGES
A man dressed as a clown is part of hundreds of climate protesters who are on a there-day-protest march from Landquart to Davos pass the city of Klosters, Switzerland
CREDIT: AP PHOTO/MICHAEL PROBST
Central American migrants – mostly Hondurans, travelling on caravan to the US- remain at the international bridge that connects Tecum Uman, Guatemala, with Ciudad Hidalgo, Mexico. Most of the migrants left last Tuesday from Honduras and had arrived Saturday morning at the bridge over the Suchiate River, which forms the border between Guatemala and Mexico to the north.
CREDIT: CARLOS ALONZO / AFP
Market Closes for January 21^st, 2021 

Market Index	Close	Change
Dow Jones	31176.01	-12.37
		-0.04%
S&P 500	3853.07	+1.22
		+0.03%
NASDAQ	13530.915	+73.667 +0.55%
TSX	17916.20	-98.70
		-0.55%

 

 

 

 

 

 

 

 

 

International Markets

Market Index	Close	Change
NIKKEI	28756.86	+233.60
		+0.82%
HANG SENG	29927.76	-34.71
		-0.12%
SENSEX	49624.76	-167.36
		-0.34%
FTSE 100*	6715.42	-24.97 -0.37%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	0.870	0.826
CND. 30 Year Bond	1.499	1.459
U.S.    10 Year Bond	1.1058	1.0802
U.S. 30 Year Bond	1.8692	1.8296

Currencies

BOC Close	Today	Previous
Canadian $	0.79131	0.79234
US $	1.26373	1.26208
Euro Rate 1 Euro=		Inverse
Canadian $	1.53785	0.65026
US $	1.21692	0.82175

Commodities

Gold	Close	Previous
London Gold Fix	1856.60	1834.70
Oil
WTI Crude Future	53.09	53.24

Market Commentary:
On this day in 1993, just over a year after breaking the 600 mark, the Nasdaq Composite Index broke the 700 barrier, finishing the day at 700.77.
Canada
By Aoyon Ashraf
(Bloomberg) — Canadian stocks fell on Thursday, while tech shares led U.S. stocks to all-time highs. The S&P/TSX Composite index fell 0.6% in Toronto. Health care and industrials were the worst performers, while utilities and communication services were the only sectors in the green. Ontario Municipal Employees’ Retirement System almost quadrupled its stock holdings in Asia-Pacific last year and plans to keep boosting its exposure to the fast-growing region over the next several years. The pension manager, known as Omers, deployed almost C$4 billion ($3.17 billion) in the region, up from about C$1 billion.
Commodities
* Western Canadian Select crude oil traded at a $14.00 discount to West Texas Intermediate
* Spot gold was flat around $1,870.48 an ounce
FX/Bonds
* The Canadian dollar was flat around C$1.2630 per U.S. dollar
* The 10-year Canada government bond yield rose 4 basis points to 0.869%

By Bloomberg Automation:
(Bloomberg) — The S&P/TSX Composite fell 0.5 percent at 17,916.20 in Toronto. The move was the biggest since falling 0.6 percent on Jan. 11 and follows the previous session’s increase of 0.3 percent. Canadian National Railway Co. contributed the most to the index decline, decreasing 1.7 percent. Canada Goose Holdings Inc. had the largest drop, falling 5.6 percent. Today, 157 of 221 shares fell, while 59 rose; 9 of 11 sectors were lower, led by financials stocks.
Insights
* This month, the index rose 2.8 percent
* So far this week, the index was little changed
* The index advanced 2 percent in the past 52 weeks. The MSCI AC
Americas Index gained 17 percent in the same period
* The S&P/TSX Composite is 0.8 percent below its 52-week high on
Jan. 8, 2021 and 60.4 percent above its low on March 23, 2020
* The S&P/TSX Composite is little changed in the past 5 days and rose 2.4 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of
26.3 on a trailing basis and 17.2 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.78t
* 30-day price volatility rose to 8.19 percent compared with
8.01 percent in the previous session and the average of 8.60 percent over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Financials | -27.6986| -0.5| 10/15
Industrials | -25.0538| -1.1| 8/19
Energy | -15.4262| -0.7| 2/20
Materials | -15.0050| -0.6| 11/41
Information Technology | -11.5945| -0.6| 3/7
Real Estate | -4.4382| -0.8| 2/24
Health Care | -3.1830| -1.2| 1/8
Consumer Discretionary | -2.6152| -0.4| 2/11
Consumer Staples | -0.3158| 0.0| 5/4
Communication Services | 1.4299| 0.2| 5/2
Utilities | 5.2025| 0.6| 10/6
US
By Cecile Gutscher
(Bloomberg) — U.S. stocks eked out a gain to close at a record with tech shares lifting the major indexes on anticipation that more fiscal spending will revive economic
growth and bolster corporate earnings. The dollar weakened. The S&P 500 Index rose a bit omre than one point, while the Nasdaq indexes rose at least 0.5%. Risk appetite has gotten a boost from President Joe Biden’s push for nearly $2 trillion in additional spending and plans to jumpstart a federal response to the pandemic.
Benchmark Treasury yields remained higher after initial jobless claims posted a small decline. U.S. equities remained at records with stretched valuations as earnings continue to roll in. Intel Corp. reported fourth- quarter revenue that topped expectations. Investors continue to bet on another stimulus package from Biden as the president ramps up the federal response to the pandemic. European Central Bank President Christine Lagarde warned the virus continues to pose a serious risk after policy makers voted to keep pumping unprecedented amounts of stimulus into the economy. “High valuations could find justification in the strong recovery that we expect, while inflation assets remain in the affordable zone,” according to Florian Ielpo, head of macroeconomic research andmulti-asset portfolio manager at Unigestion SA. “We therefore see 2021 as a land of investment opportunities.”
Meanwhile, fresh tensions surfaced between U.S. companies and Beijing. China’s three biggest telecommunications firms said they requested a review of the New York Stock Exchange’s decision to delist their shares. Separately, Twitter Inc. locked the official account of the Chinese embassy to the U.S., citing a violation of its “dehumanization” policy. On the virus front, global fatalities hit a daily record, with a U.K. official comparing some hospitals there to a “war zone.”
These are some key events coming up:
* Earnings are due from companies including Schlumberger Ltd. and Yes Bank Ltd.

These are the main moves in markets:
Stocks
* The S&P 500 rose less than 0.1% as of 4 p.m. in New York.
* The Nasdaq 100 Index added 0.8%.
* The Stoxx Europe 600 Index ended flat.
* The MSCI Asia Pacific Index rose 0.7%.
* The MSCI Emerging Market Index gained 0.6%.
Currencies
* The Bloomberg Dollar Spot Index declined 0.2%.
* The euro jumped 0.4% to $1.2158.
* The British pound gained 0.5% to $1.372.
* The onshore yuan was little changed at 6.461 per dollar.
* The Japanese yen was little changed at 103.54 per dollar.
Bonds
* The yield on 10-year Treasuries gained three basis points to 1.11%.
* The yield on two-year Treasuries fell one basis point to 0.12%.
* Germany’s 10-year yield climbed three basis points to -0.496%.
* Japan’s 10-year yield dipped one basis point to 0.043%.
Commodities
* West Texas Intermediate crude declined 0.3% to $53.13 a barrel.
* Brent crude was little changed at $56.11 a barrel.
* Gold futures rose 0.1% to $1,871.90 an ounce.
–With assistance from Michael Msika and Adam Haigh.
Have a great night.

Be magnificent!
As ever,

Carolann

You can’t always get what you want but if you try sometimes
you just might find you get what you need.  -Mick Jagger, b. 1943

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

Dear Friends,

Tangents: U.S. Presidential Inauguration Day.

On Jan. 20, 1981, Iran released 52 Americans held hostage for 444 days, minutes after the presidency had passed from Jimmy Carter to Ronald Reagan.  Go to article » 
 
PHOTOS OF THE DAY

Joe Biden is sworn in as the 46th president of the United States by Chief Justice John Roberts as Jill Biden holds the Bible during the 59th Presidential Inauguration 
CREDIT: ANDREW HARNIK/AP

A man rides a penny-farthing bicycle in central London
CREDIT: DANIEL LEAL-OLIVAS/AFP VIA GETTY IMAGES

David Gilligan took first prize in the Trail magazine’s 2020 UK Mountain Photo of the Year award with this self-portrait, standing atop the rocks of Castell y Gwynt in Glyder Fach, Snowdonia
CREDIT:DAVID GILLIGAN/TRAIL MAGAZINE

Market Closes for January 20^th, 2021 

Market Index	Close	Change
Dow Jones	31188.38	+257.86
		+0.83%
S&P 500	3851.85	+52.94
		+1.39%
NASDAQ	13457.250	+260.070 +1.97%
TSX	18014.91	+57.54
		+0.32%

 

 

 

 

 

 

 

 

 

 

International Markets

Market Index	Close	Change
NIKKEI	28523.26	-110.20
		-0.38%
HANG SENG	29962.47	+320.19
		+1.08%
SENSEX	49792.12	+393.83
		+0.80%
FTSE 100*	6740.39	+27.44 +0.41%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	0.826	0.803
CND. 30 Year Bond	1.459	1.441
U.S.    10 Year Bond	1.0802	1.0903
U.S. 30 Year Bond	1.8296	1.8381

Currencies

BOC Close	Today	Previous
Canadian $	0.79234	0.78520
US $	1.26208	1.27357
Euro Rate 1 Euro=		Inverse
Canadian $	1.52922	0.65393
US $	1.21167	0.82531

Commodities

Gold	Close	Previous
London Gold Fix	1834.70	1833.05
Oil
WTI Crude Future	53.24	52.98

Market Commentary:
On this day in 1870, the first known female-owned U.S. stock brokerage was launched, as sisters Victoria Woodhull and Tennie Claflin opened their Woodhull, Claflin & Co. at 44 Broad St. in Manhattan. Bedeviled by rumors that it was merely a front for Woodhull’s supposed lover, Commodore Cornelius Vanderbilt, the firm did not survive long.
Canada
By Aoyon Ashraf
(Bloomberg) — Canadian equity markets rose on Wednesday, as the Bank of Canada adopted a positive tone on the outlook for the nation’s economy. The S&P/TSX Composite index rose 0.3% in Toronto. Materials and tech stocks were the best performers, while health care was the worst sector. The Bank of Canada is choosing to look past a weak start to 2021 as vaccine efforts accelerate. In a decision Wednesday from Ottawa, policy makers led by Governor Tiff Macklem said the economy remains on a two-year timeline to fully repair damage from the pandemic and doesn’t currently need additional support, even amid a wave of new Covid-19 cases and lockdowns.
Commodities
* Western Canadian Select crude oil traded at a $14.00 discount to West Texas Intermediate
* Spot gold rose 1.6% to $1,870.02 an ounce
FX/Bonds
* The Canadian dollar rose 0.7% to C$1.2643 per U.S. dollar
* The 10-year Canada government bond yield rose to 0.826%

By Bloomberg Automation:
(Bloomberg) — The S&P/TSX Composite rose for the third day, climbing 0.3 percent, or 57.54 to 18,014.91 in Toronto. The move was the biggest since rising 1.1 percent on Jan. 7. Shopify Inc. contributed the most to the index gain, increasing 1.5 percent. MEG Energy Corp. had the largest increase, rising 9.8 percent. Today, 138 of 221 shares rose, while 80 fell; 6 of 11 sectors were higher, led by materials stocks.
Insights
* This month, the index rose 3.3 percent
* The index advanced 2.4 percent in the past 52 weeks. The MSCI AC Americas Index gained 17 percent in the same period
* The S&P/TSX Composite is 0.2 percent below its 52-week high on Jan. 8, 2021 and 61.2 percent above its low on March 23, 2020
* The S&P/TSX Composite is up 0.4 percent in the past 5 days and rose 2.7 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of
26.4 on a trailing basis and 17.3 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.77t
* 30-day price volatility fell to 8.01 percent compared with
8.01 percent in the previous session and the average of 8.62 percent over the past month
================================================================
|Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Materials | 34.0496| 1.4| 45/7
Information Technology | 26.2960| 1.4| 9/1
Real Estate | 7.6815| 1.4| 25/1
Utilities | 3.9558| 0.4| 12/4
Consumer Discretionary | 3.0215| 0.4| 8/5
Consumer Staples | 0.0892| 0.0| 4/5
Financials | -1.0398| 0.0| 14/11
Communication Services | -1.5672| -0.2| 3/4
Energy | -4.5869| -0.2| 8/14
Health Care | -4.6233| -1.7| 1/8
Industrials | -5.7311| -0.3| 9/20
US
By Adam Haigh and Vildana Hajric
(Bloomberg) — U.S. stocks rallied to all-time highs as investors grew optimistic that recent federal spending will revive growth and bolster corporate earnings. Treasuries were little changed while the dollar weakened. The Nasdaq 100 Index jumped more than 2% and the S&P 500 Index posted the best first-day reaction to a newly elected president’s inauguration since Jan. 20 became the official start in 1937.
Netflix Inc. surged more than 17% after a jump in subscribers. Chipmaker ASML Holding NV rallied on solid results. Morgan Stanley gained after reporting record full-year results. Investors looked past a fresh stumble in the rollout of vaccines and elevated infection rates, and eyed the promise of more stimulus and an expanded federal effort to get shots to more Americans quickly under President Joe Biden. “If stimulus happens at the same time that people get vaccinated, the optimism can’t help but build,” said Keith Buchanan, a portfolio manager for GLOBALT Investments in Atlanta. “It’s a fairly safe bet there will be another stimulus package with more direct payments to consumers and individuals and more help for small businesses..” Investors are counting on more spending to help propel economic growth under Biden, who is planning a flurry of executive orders on his first day. Still, it won’t be all smooth sailing, with Janet Yellen encountering early Republican resistance to Biden’s relief plan in her confirmation hearing to become Treasury secretary.
On the virus front, Germany suffered record daily deaths and a study on the South African variant raised concern about the efficacy of vaccines. Elsewhere, crude oil edged higher and gold traded touched an almost two-week high. In Asia, Chinese firms trading in Hong Kong saw the bulk of gains, and the Hang Seng Index approached the 30,000 level. Alibaba Group Holding Ltd. rallied after billionaire Jack Ma resurfaced from months out of public view amid escalating scrutiny over his internet empire. These are some key events coming up:
* Policy decisions are due Wednesday from central banks in Brazil and Canada. The Bank of Japan and the ECB deliver decisions Thursday.

Here are the main moves in markets:
Stocks
* The S&P 500 Index increased 1.4% as of 4 p.m. New York time, the highest on record with the largest climb in almost two weeks.
* The Nasdaq Composite Index gained 2% to the highest on record.
* The Nasdaq 100 Index rose 2.3% to an all-time high.
* The Stoxx Europe 600 Index increased 0.7% to 410.78.
Currencies
* The Bloomberg Dollar Spot Index declined 0.2%.
* The euro fell 0.2% to $1.2101.
* The British pound rose 0.1% to $1.3644.
* The Japanese yen appreciated 0.3% to 103.57 per dollar, the strongest in two weeks on the largest gain in more than a week.
Bonds
* The yield on 10-year Treasuries lost one basis point to 1.085%.
* The two-year rate fell to 0.13%.
* Germany’s 10-year yield dipped less than one basis point to -0.53%.
Commodities
* West Texas Intermediate crude gained 0.6% to $53.29 a barrel.
* Gold strengthened 1.4% to $1,865.95 an ounce, the highest in almost two weeks on the biggest jump in more than two weeks.
–With assistance from Michael G. Wilson.
Have a great night.

Be magnificent!
As ever,

Carolann

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

Dear Friends,

Tangents:
1870: Tin can patented
Edgar Allen Poe, poet, b. 1808
Paul Cezanne, painter, b. 1939
On Jan. 19, 1937, millionaire Howard Hughes set a transcontinental air record by flying his monoplane from Los Angeles to Newark, N.J., in 7 hours, 28 minutes and 25 seconds. Go to article »
 
Electric cars get a battery that can charge in five minutes–Bloomberg.

Hold the boeuf bourguignon. I’ll have the dulse seaweed, lemongrass and galangal.

For the first time in France, the Michelin Guide awarded a star to a fully vegan restaurant, ONA, a small restaurant on the Atlantic coastline near Bordeaux.

“We want to show you can eat differently,” said Claire Vallée, the chef at ONA, which stands for “Origine Non Animale,” or “Non-Animal Origin.” She is one of a growing number of chefs in France who are eschewing the country’s traditional, meat-focused cuisine.  AM by Alexandre Mazzia in Marseille was a new addition to the top category;
no previous three-star restaurants were demoted. –The New York Times.

From The Late Night Hosts last night:
“Today was Martin Luther King Jr. Day, and I’d like to think he’d have a good laugh if he knew the F.B.I. had to spend this federal holiday tracking down and arresting thousands of white supremacists. He did have a second dream, and that was it.” — SETH MEYERS

“Trump’s leaving office with his lowest approval rating yet — it’s down to 29 percent. Which, for someone who incited a violent insurrection to overthrow the government isn’t bad. I mean, honestly, what would he have to do to get below 20 percent — eat the Constitution?” — JIMMY KIMMEL

“Normally, after a president’s term, they show before and after photos to prove how much the job aged him. This time, they’re showing before and after photos of all of us.” — JIMMY FALLON

PHOTOS OF THE DAY
‘Berkutchi’ – Mongolian hunters who use trained golden eagles to forage food – from Bayan-Olgii, an area located in the Altai Mountains of western Mongolia
CREDIT: ZAY YAR /SWNS.COM
 A large hippopotamus demonstrates the size and power of its jaw as it prepares to fight another on the Chobe River, in Botswana
Credit: CHARL STOLS/SOLENT NEWS & PHOTO AGENCY
A visitor takes part in a tour in Son Doong cave, one of the world’s largest natural caves, in central Vietnam’s Quang Binh province
CREDIT: NHAC NGUYEN/AFP VIA GETTY IMAGES
Market Closes for January 19^th, 2021 

Market Index	Close	Change
Dow Jones	30930.52	+116.26
		+0.38%
S&P 500	3798.91	+30.66
		+0.81%
NASDAQ	13197.180	+198.678 +1.53
TSX	17957.37	+12.49
		+0.07%

 

 

 

 

 

 

 

 

 

 

International Markets

Market Index	Close	Change
NIKKEI	28633.46	+391.25
		+1.39%
HANG SENG	29642.28	+779.51
		+2.70%
SENSEX	49398.29	+834.02
		+1.72%
FTSE 100*	6712.95	-7.70 -0.11%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	0.803	0.805
CND. 30 Year Bond	1.441	1.436
U.S.    10 Year Bond	1.0903	1.0835
U.S. 30 Year Bond	1.8381	1.8331

Currencies

BOC Close	Today	Previous
Canadian $	0.78520	0.78403
US $	1.27357	1.27545
Euro Rate 1 Euro=		Inverse
Canadian $	1.54456	0.64744
US $	1.2357	0.82455

Commodities

Gold	Close	Previous
London Gold Fix	1833.05	1839.00
Oil
WTI Crude Future	52.98	52.36

Market Commentary:
On this day in 1999, President Bill Clinton proposed, in his State of the Union address, “investing a small portion [of the Social Security trust fund] in the private sector just as any private or state government pension would do. This will earn a higher return and keep Social Security sound for 55 years.”
Canada
By Aoyon Ashraf
(Bloomberg) — Canadian stocks closed mixed on Tuesday, with energy shares climbing as oil rose while consumer stocks led decliners. The S&P/TSX Composite index rose less than 0.1% in Toronto with six of the 11 main sectors down for the day. Prime Minister Justin Trudeau reiterated his support for TC Energy Corp.’s Keystone XL pipeline, saying Canada’s government is still pressing U.S. President-elect Joe Biden’s team despite indications Biden has already decided to block the project soon after inauguration.
Commodities
* Western Canadian Select crude oil traded at a $13.70 discount to West Texas Intermediate
* Spot gold fell 0.1% to $1,839.03 an ounce
FX/Bonds
* The Canadian dollar rose 0.2% to C$1.2738 per U.S. dollar
* The 10-year Canada government bond yield was about flat at 0.805%

By Bloomberg Automation:
     (Bloomberg) — The S&P/TSX Composite advanced slightly to 17,957.37 in Toronto. TC Energy Corp. contributed the most to the index gain, increasing 4.8 percent. BlackBerry Ltd. had the largest increase, rising 18.9 percent. Today, 109 of 221 shares rose, while 106 fell; 5 of 11 sectors were higher, led by energy stocks.
Insights
* The index advanced 2.3 percent in the past 52 weeks. The MSCI AC Americas Index gained 16 percent in the same period
* The S&P/TSX Composite is 0.6 percent below its 52-week high on
Jan. 8, 2021 and 60.7 percent above its low on March 23, 2020
* The S&P/TSX Composite is little changed in the past 5 days and rose 2.4 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of
26.3 on a trailing basis and 17.2 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.77t
* 30-day price volatility fell to 8.01 percent compared with
8.23 percent in the previous session and the average of 8.65 percent over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Energy | 46.1104| 2.2| 19/2
Materials | 12.8683| 0.5| 19/31
Health Care | 4.2377| 1.6| 4/5
Real Estate | 3.8296| 0.7| 22/3
Utilities | 0.4164| 0.0| 10/6
Information Technology | -0.8603| 0.0| 9/1
Consumer Discretionary | -5.5089| -0.8| 6/5
Communication Services | -6.7098| -0.8| 0/7
Consumer Staples | -7.2344| -1.1| 1/10
Industrials | -8.5768| -0.4| 13/16
Financials | -26.0921| -0.5| 6/20
US
By Anchalee Worrachate and Cormac Mullen
(Bloomberg) — U.S. stocks rose, led by gains in tech shares and small caps, with Wall Street parsing the latest earnings ahead of a flood of reports this week. The S&P 500 Index rebounded from Friday’s selloff after a three-day weekend that brought little by means of fresh macro news. Ten-year Treasury yields climbed back toward 1.1% and the dollar weakened. Crude oil and emerging markets also advanced. Goldman Sachs Group Inc. turned lower even after reporting that profit more than doubled. Bank of America Corp. shares edged higher after its results. General Motors Co. rose to a record after Microsoft Corp. invested in its self-driving car startup.
     Netflix Inc. reports results after markets close. Janet Yellen encountered early Republican resistance to President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan in her confirmation hearing to become Treasury secretary. Donald Trump is in the final hours of his term, with Biden to be sworn in at noon Wednesday in Washington. Hong Kong Stocks at 20-Month High as Record China Cash Floods In The market moves on Tuesday show that investors are coming back to the reflation trade, betting that the incoming U.S. administration will use its legislative firepower to propel economic growth.
     Biden’s stimulus package includes measures like a minimum-wage hike and substantial expansion in family and medical leave — programs that have already triggered Republican opposition. “Yellen is a positive,” said Mohit Kumar, strategist at Jefferies International. “We should have greater co-operation between the Fed and the Treasury, with both the monetary and fiscal policy working together and supportive. This is a good backdrop for risk sentiment.” In Asia, Hong Kong stocks closed at the highest level since May 2019. A spending spree by mainland investors is powering gains, lifting the Hang Seng Index up 2.7% on Tuesday. Signs suggest that mainland buying will continue, with investors shifting out of A shares to buy those listed in Hong Kong. The benchmark Hang Seng Index is still cheaper than the Shanghai Composite gauge in terms of price-to-earnings multiples. These are some key events coming up in the week ahead:
* Earnings come from companies including Morgan Stanley, Procter & Gamble, Intel, and Netflix.
* Joe Biden takes office as U.S. president on Wednesday.
* Policy decisions are due Wednesday from central banks in Brazil, Malaysia and
Canada. The Bank of Japan and the ECB deliver decisions Thursday.

Here are the main moves in markets:
Stocks
* The S&P 500 Index jumped 0.8% as of 4 p.m. in New York.
* The Stoxx Europe 600 Index lost 0.2%.
* The MSCI Asia Pacific Index increased 1.2%.
* The MSCI Emerging Market Index increased 1.6%.
Currencies
* The Bloomberg Dollar Spot Index declined 0.2%.
* The euro climbed 0.4% to $1.2124.
* The British pound increased 0.3% to $1.3631.
* The Japanese yen weakened 0.2% to 103.89 per dollar.
Bonds
* The yield on 10-year Treasuries was little changed at 1.09%.
* The yield on two-year Treasuries slipped to 0.13%.
* Germany’s 10-year yield advanced one basis point to -0.526%.
Commodities
* West Texas Intermediate crude advanced 1.2% to $53.01 a barrel.
* Gold futures added 0.5% to $1,838.80 an ounce.
–With assistance from Joanna Ossinger

Have a  great night.

Be magnificent!
As ever,

Carolann

The measure of success is not whether you have a tough problem to deal with,
but whether it’s the same problem you had last year. -John Foster Dulles, 1888-1959.

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

Dear Friends,

Tangents: Blue Monday & Winnie the Pooh Day.
Author A.A. Milne, b. 1882.

On Jan. 18, 1912, English explorer Robert F. Scott and his expedition reached the South Pole, only to discover that Roald Amundsen had gotten there first.  Go to article »

From The New York Times: Our editors also suggest these 12 new books, new music from Lana Del Rey and other artists, and the show “Joe Pera Talks With You” on HBO Max

PHOTOS OF THE DAY
A long exposure shows star trails above the Yangtze River in China
CREDIT: COSTFOTO/BARCROFT MEDIA VIA GETTY IMAGES
 A long exposure photo shows trains going in and out a train station in Frankfurt, Germany
CREDIT: MICHEAL PROBST/AP
A field of leeks is shown bathed in red and blue LED lights in the Dutch town of Lelystad, as part of artist Daan Roosegaarde’s new project “Grow”, intended to honour farmers and inspire them to experiment with LED technology as a supplement to natural light for crops
CREDIT: RUBEN HAMELINK/STUDIO ROOSEGAARDE/VIA REUTERS
Women dressed in kimonos pose for a selfie photograph at a deserted torii path Fushimi Inari Taish shrine on January 18, 2021 in Kyoto, Japan
CREDIT: BUDDHIKA WEERASINGHE/GETTY IMAGES
Market Closes for January 18^th, 2021 

Market Index	Close	Change
Dow Jones	Market Closed	N.A.
S&P 500	Market Closed	N.A.
NASDAQ	Market Closed	N.A.
TSX	17944.88	+35.85
		+0.20%

 

 

 

 

 

 

 

 

International Markets

Market Index	Close	Change
NIKKEI	28242.21	-276.97
		-0.97%
HANG SENG	28862.77	+288.91
		+1.01%
SENSEX	48564.27	-470.40
		-0.96%
FTSE 100*	6720.65	-15.06 -0.22%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	0.805	0.808
CND. 30 Year Bond	1.436	1.439
U.S.    10 Year Bond	1.0835	1.0835
U.S. 30 Year Bond	1.8331	1.8331

Currencies

BOC Close	Today	Previous
Canadian $	0.78403	0.78519
US $	1.27545	1.27358
Euro Rate 1 Euro=		Inverse
Canadian $	1.54042	0.64918
US $	1.20774	0.82799

Commodities

Gold	Close	Previous
London Gold Fix	1839.00	1841.75
Oil
WTI Crude Future	52.36	52.36

Market Commentary:
The stock market is a device for transferring money from the impatient to the patient. –Warren Buffett.
Canada
By Aoyon Ashraf
(Bloomberg) — Canada‘s stock market rose, led by tech and health care firms, amid low trading volume with U.S. markets shut in observance of Martin Luther King Jr. Day holiday.
The S&P/TSX Composite index rose 0.2% in Toronto on Monday. The tech sector was the biggest winner with Shopify Inc. contributing the most to the rally.
Health care stocks came in second, led by Aurinia Pharmaceuticals. Energy was the only group in red on Monday, as oil prices fell. On the M&A front, executives at Alimentation Couche-Tard Inc. defended a failed bid for Carrefour SA and said they would still like to buy the French grocer some day, but will turn their focus to other potential deals. Meanwhile, Canada’s economy will start 2021 with a short-lived contraction, but that’s not expected to derail the nation’s recovery over the next couple of years.
Commodities
* Western Canadian Select crude oil traded at a $10.65 discount to West Texas Intermediate
* Spot gold rose o.7% to $1,841.26 an ounce
FX/Bonds
* The Canadian dollar fell 0.1% to C$1.2747 per U.S. dollar
* The 10-year Canada government bond yield fell slightly to 0.807%

By Bloomberg Automation:
     (Bloomberg) — The S&P/TSX Composite rose 0.2 percent at 17,944.88 in Toronto. The move follows the previous session’s decrease of 0.3 percent. Shopify Inc. contributed the most to the index gain, increasing 1.8 percent. Aurinia Pharmaceuticals Inc. had the largest increase, rising 6.2 percent. Today, 134 of 221 shares rose, while 81 fell; 10 of 11 sectors were higher, led by information technology stocks.
Insights
* The index advanced 2.2 percent in the past 52 weeks. The MSCI
AC Americas Index gained 15 percent in the same period
* The S&P/TSX Composite is 0.6 percent below its 52-week high on
Jan. 8, 2021 and 60.6 percent above its low on March 23, 2020
* The S&P/TSX Composite is little changed in the past 5 days and rose 2.3 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 26.3 on a trailing basis and 17.2 times estimated earnings of
its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.77t
* 30-day price volatility little changed to 8.23 percent compared with 8.23 percent in the previous session and the
average of 8.76 percent over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Information Technology | 28.7370| 1.6| 9/1
Financials | 22.9108| 0.4| 23/2
Materials | 9.7070| 0.4| 30/19
Industrials | 4.0838| 0.2| 16/13
Health Care | 3.1850| 1.2| 7/2
Real Estate | 2.5040| 0.5| 21/5
Consumer Discretionary | 2.0749| 0.3| 9/4
Utilities | 1.9169| 0.2| 9/6
Communication Services | 0.9252| 0.1| 2/4
Consumer Staples | 0.8211| 0.1| 6/5
Energy | -41.0147| -1.9| 2/20
US
ALL US MARKETS CLOSEED IN OBSERVANCE OF MARTIN LUTHER KING DAY.

Have a great night.

Be magnificent!
As ever,

Carolann

Injustice anywhere is a threat to justice everywhere.
                     -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

Dear Friends,

Tangents: Happy Friday.
Jean-Baptiste Moliere, writer, b. 1622.
Martin Luther King, Jr. b. 1929. Note: US markets are closed on Monday for Martin Luther King Day.
1943: Pentagon completed.

On Jan. 15, 1967, the first Super Bowl was played as the Green Bay Packers of the National Football League defeated the Kansas City Chiefs of the American Football League, 35-10. Go to article »

Astronomers find the brightest quasar on record, equivalent to 600 trillion suns. (h/t Ellen Kominers)
 
PHOTOS OF THE DAY
The Blackpool Tower breaks through the morning freezing fog. The iconic landmark on the Lancashire coast is seen infront of the morning sunrise as severe winter weather condition hit the seaside resort
CREDIT: KARL HOUGHTON/TRIANGLE NEWS
People receive their COVID 19 vaccines inside Lichfield Cathedral which had been turned into an emergency vaccination centre
CREDIT: REUTERS/CARL RECINE
Athletes shoot during the men’s 4×7.5km relay race at the Biathlon World Cup in Oberhof, Germany
CREDIT: AP PHOTO/MATTIAS SCHRADER
Nepalese women from the Tharu community dressed in traditional attire, rehearse before a program to celebrate Maghe Sankranti festival in Kathmandu, Nepal. Tharu people celebrate this day as their New Year and observe this festival as Maghi with much fanfare and gaiety
CREDIT: SKANDA GAUTAM/ZUMA WIRE
Market Closes for January 15^th, 2021 

Market Index	Close	Change
Dow Jones	30814.26	-177.26
		-0.57%
S&P 500	3768.25	-27.29
		-0.72%
NASDAQ	12998.504	-114.134 -0.87%
TSX	17909.03	-49.06
		-0.27%

 

 

 

 

 

 

 

 

 

 

International Markets

Market Index	Close	Change
NIKKEI	28519.18	-179.08
		-0.62%
HANG SENG	28573.86	+77.00
		+0.27%
SENSEX	49034.67	-579.49
		-1.11%
FTSE 100*	6735.71	-66.25 -0.97%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	0.808	0.855
CND. 30 Year Bond	1.439	1.481
U.S.    10 Year Bond	1.0835	1.1275
U.S. 30 Year Bond	1.8331	1.8676

Currencies

BOC Close	Today	Previous
Canadian $	0.78519	0.79100
US $	1.27358	1.26422
Euro Rate 1 Euro=		Inverse
Canadian $	1.53814	0.65014
US $	1.20773	0.82800

Commodities

Gold	Close	Previous
London Gold Fix	1841.75	1858.85
Oil
WTI Crude Future	52.36	53.57

Market Commentary:
On this day in 1987, the New York Stock Exchange racked up daily volume of over a quarter-of-a-billion shares for the first time.
Canada
By Michael Bellusci
(Bloomberg) — Canadian stocks fell this week as gold and silver equities underperformed. Marijuana shares including Aphria Inc. advanced. The S&P/TSX Composite Index dropped 0.3% Friday to their lowest level since Jan. 6. Materials and energy fell while consumer staples rose the most among the 11 major sectors. Alimentation Couche-Tard Inc.’s top executives are in Paris seeking to salvage a $20 billion bid for Carrefour SA as Canadian officials press the French government to relax its objections to the deal.
Oil slid by the most in three weeks as a stronger dollar and weak U.S. economic data stoked concerns over an economic rebound.
Commodities
* Western Canadian Select crude oil traded at a $10.65 discount to West Texas Intermediate
* Spot gold fell 1.1% to $1,826.56 an ounce
FX/Bonds
* The Canadian dollar fell 0.8% to C$1.2735 per U.S. dollar
* The 10-year Canada government bond yield fell 4.6 basis points to 0.805%

By Bloomberg Automation:
     (Bloomberg) — The S&P/TSX Composite fell 0.3 percent at 17,909.03 in Toronto. The index dropped to the lowest closing level since Jan. 6 after the previous session’s increase of 0.1 percent. Suncor Energy Inc. contributed the most to the index decline, decreasing 4.8 percent. Ballard Power Systems Inc. had the largest drop, falling 10.1 percent. Today, 127 of 221 shares fell, while 92 rose; 5 of 11 sectors were lower, led by materials stocks.
Insights
* So far this week, the index fell 0.7 percent
* The index advanced 2.8 percent in the past 52 weeks. The MSCI
AC Americas Index gained 16 percent in the same period
* The S&P/TSX Composite is 0.8 percent below its 52-week high on
Jan. 8, 2021 and 60.3 percent above its low on March 23, 2020
* S&P/TSX Composite is trading at a price-to-earnings ratio of
26.3 on a trailing basis and 17.2 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.77t
* 30-day price volatility rose to 8.23 percent compared with
8.17 percent in the previous session and the average of 9.02 percent over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Materials | -49.3651| -2.1| 6/46
Energy | -38.9594| -1.8| 3/19
Consumer Discretionary | -6.5965| -0.9| 4/9
Industrials | -5.3011| -0.2| 14/14
Health Care | -1.7456| -0.7| 3/6
Real Estate | 2.4024| 0.4| 17/8
Information Technology | 4.5018| 0.2| 7/3
Utilities | 7.9772| 0.9| 10/6
Communication Services | 10.9245| 1.3| 6/1
Financials | 10.9940| 0.2| 15/11
Consumer Staples | 16.1085| 2.6| 7/4
US
By Claire Ballentine
(Bloomberg) — U.S. stocks fell by the most in more than a week after Wells Fargo & Co. dragged down the banking sector in the wake of disappointing fourth-quarter results. Crude oil declined from a 10-month high as the dollar strengthened. The energy and financial sectors led the S&P 500 into the red for a second day, with Exxon Mobil Corp. dropping 4.8% after a report said the company is being investigated for overvaluing assets. Utilities and real estate shares rose. Stocks were already lower in Europe and Asia as President-elect Joe Biden’s much-anticipated $1.9 trillion Covid-19 relief plan came under scrutiny. Treasury yields declined. Optimism about the U.S. aid package had helped spur the so- called reflation trade, but the plan is far from a done deal.
Biden’s proposal could be watered down under congressional opposition, and there’s the possibility that some taxes could rise. “There’s just a realization that this is a starting point for negotiations — there’s a little bit of a reality that this isn’t going to be a smooth quick process,” said John Porter, head of equities at Mellon Investments Corp. Biden’s “American Rescue Plan” includes a wave of new spending, more direct payments to households, an expansion of jobless benefits and an enlargement of vaccinations and virus- testing programs as deaths reach record levels and local governments expand lockdowns. Attention is now turning to how much of the package will ultimately get passed by Congress, with the go-big price tag and the inclusion of proposals set to be opposed by many Republicans.
     As lawmakers wrangle over details, U.S. jobless claims published Thursday painted a dismal picture and the U.S. is leading all countries in virus deaths with New York state reporting more than 200 daily fatalities for the first time since May. “With a big number on the heels of a $9 billion package, it’s not going to be easy to get the next stimulus package passed,” said James Ragan, director of wealth management research at D.A. Davidson. “I think a combination of that and the weakening consumer data is causing the pause today. It was kind of inevitable, we’ve had a pretty strong run to start the year. Maybe a little more caution going into the long weekend.” U.S. financial markets are closed Monday for the observance of Martin Luther King holiday.

These are some of the main moves in markets:
Stocks
* The S&P 500 Index dipped 0.7% to 3,768.25 as of 4:02 p.m. New
* York time, the lowest in more than a week on the largest decrease in more than a week.
* The Nasdaq Composite Index declined 0.9% to 12,998.50, the lowest in more than a week.
* The Dow Jones Industrial Average dipped 0.6% to 30,814.26, the lowest in more than a week on the largest decrease in more than a week.
* The Stoxx Europe 600 Index sank 1% to 407.85, the lowest in more than a week on the biggest tumble in more than three weeks.
* The MSCI All-Country World Index sank 0.9% to 655.71, the lowest in more than a week on the largest decrease in 11 weeks.
Currencies
* The Bloomberg Dollar Spot Index gained 0.6% to 1,126.29, the biggest rise in more than a week.
* The euro sank 0.6% to $1.2076, the weakest in more than six weeks on the largest decrease in more than two weeks.
* The Japanese yen weakened 0.1% to 103.89 per dollar.
Bonds
* The yield on 10-year Treasuries declined four basis points to 1.09%.
* Germany’s 10-year yield increased one basis point to -0.54%.
* Britain’s 10-year yield decreased less than one basis point to 0.288%, the lowest in more than a week.
Commodities
*West Texas Intermediate crude sank 2.6% to $52.19 a barrel, the lowest in more than a week on the biggest tumble in more than three weeks.
* Gold depreciated 1.1% to $1,826.30 an ounce, the weakest in more than six weeks on the largest fall in a week.
–With assistance from Cecile Gutscher.
Have a wonderful weekend everyone.

Be magnificent!
As ever,

Carolann

The soul is dyed the color of its thoughts.  Think only on those things that are in line with your principles and can bear the light of day.  The content of your character is your choice.  Day by day, what you do is who you become. –Heraclitus, 535-475 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

Dear Friends,

Tangents:
1784- End of the American Revolution.

There’s a case of wine heading back to Earth from space.  Space wine? That’s a new status symbol, unlocked. 
 
There may be fewer galaxies in the universe than we thought.  It’s always nice to know our vast, unexplored universe is just slightly less populated than assumed. 

Sea shanties are back! 

The songs once created a sense of community among working sailors, and their rhythms could distract from chores or keep time for hauling in sails.

Over the last two weeks, a video made by a Scottish postman singing “Soon May the Wellerman Come” has been shared and duetted thousands of times: by professional musicians, maritime enthusiasts, memers, a Kermit the Frog puppet, and more.  Experts might cavil that is not a true shanty, but rather a whaling ballad — but the two share a form that is kind regarding musical ability.
“That’s one of the things I love about sea shanties,” said one folk musician. “The accessibility. You don’t have to be a trained singer to sing on it. You’re not supposed to sing pretty.” –NY Times.

From The Late Night Hosts:
“I feel like I just took down my decorations from the last impeachment.” — STEPHEN COLBERT

”Reportedly, McConnell has told associates in private that he believes the president committed impeachable offenses and is leaning toward convicting him. It will all be in his memoir, ‘Leaning Toward Courage.’” — STEPHEN COLBERT
PHOTOS OF THE DAY

A curious polar bear surprised a ship’s crew by trying to clamber aboard. Fascinated by the boat, the bear walked away from a walrus carcass he was eating to investigate.
Credit: FRANCO BANFI/SOLENT NEWS & PHOTO AGENCY

A woman pulls a sledge on a footbridge above traffic gridlocked in the snow on Manchester Road, West Bowling, Bradford this morning as heavy snow affects northern and central parts of the UK
Credit: ASADOUR GUZELIAN

A woman is reflected in a window as she braves wind and rain while walking towards Tower Bridge in London
AP PHOTO/KIRSTY WIGGLESWORTH
Market Closes for January 14^th, 2021 

Market Index	Close	Change
Dow Jones	30991.52	-68.95
		-0.22%
S&P 500	3795.54	-14.30
		-0.38%
NASDAQ	13112.637	-16.314 -0.12%
TSX	17958.09	+23.35
		+0.13%

 

 

 

 

 

 

 

 

 

 

International Markets

Market Index	Close	Change
NIKKEI	28698.26	+241.67
		+0.85%
HANG SENG	28496.86	+261.26
		+0.93%
SENSEX	49584.16	+91.84
		+0.19%
FTSE 100*	6801.96	+56.44 +0.84%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	0.855	0.812
CND. 30 Year Bond	1.481	1.442
U.S.    10 Year Bond	1.1275	1.0917
U.S. 30 Year Bond	1.8676	1.8225

Currencies

BOC Close	Today	Previous
Canadian $	0.79100	0.78736
US $	1.26422	1.27007
Euro Rate 1 Euro=		Inverse
Canadian $	1.53652	0.65082
US $	1.21539	0.82278

Commodities

Gold	Close	Previous
London Gold Fix	1858.85	1841.25
Oil
WTI Crude Future	53.57	52.91

Market Commentary:
On this day in 1982, in the depths of recession, Ford Motor said it would skip paying a quarterly dividend for the first time since the company went public in 1956, saving the car maker $36 million per quarter.
Canada
By Michael Bellusci
(Bloomberg) — Canadian equities managed to post a gain Thursday after a drop the previous day. The S&P/TSX Composite Index advanced 0.1%, led by health care stocks, while industrials dropped. Cannabis producers including Aphria Inc., Hexo Corp., and Aurora Cannabis Inc. all rallied.
     On the M&A front, Couche-Tard co-founder Alain Bouchard gave an update to investors four months ago about a hunt for a major acquisition. The convenience store chain was on the lookout for deals, he said, but not at any cost. He may not want a splash, but Bouchard’s company is making one with its $20 billion move for French grocer Carrefour SA. Canada’s three largest cities — Toronto, Montreal and Vancouver — saw a sharp jump in the number of citizens moving to suburbs, smaller towns and rural areas, according to Statistics Canada data released Thursday.
Commodities
* Western Canadian Select crude oil traded at a $10.80 discount to West Texas Intermediate
* Spot gold rose 0.2% to $1,848.39 an ounce
FX/Bonds
* The Canadian dollar gained 0.5% to C$1.2638 per U.S. dollar
* The 10-year Canada government bond yield rose 4.7 basis points to 0.856%

By Bloomberg Automation:
(Bloomberg) — The S&P/TSX Composite rose 0.1 percent at
17,958.09 in Toronto. The move follows the previous session’s
decrease of 0.3 percent.
Today, energy stocks led the market higher, as 5 of 11
sectors gained; 117 of 221 shares rose, while 99 fell.
Enbridge Inc. contributed the most to the index gain,
increasing 2.4 percent. BlackBerry Ltd. had the largest
increase, rising 21.3 percent.

Insights
* So far this week, the index fell 0.5 percent
* The index advanced 3.5 percent in the past 52 weeks. The MSCI
AC Americas Index gained 17 percent in the same period
* The S&P/TSX Composite is 0.6 percent below its 52-week high on
Jan. 8, 2021 and 60.7 percent above its low on March 23, 2020
* The S&P/TSX Composite is down 0.4 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
26.4 on a trailing basis and 17.2 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.77t
* 30-day price volatility fell to 8.17 percent compared with
8.30 percent in the previous session and the average of 9.15 percent over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Energy | 47.1381| 2.2| 21/1
Financials | 24.3839| 0.5| 14/12
Health Care | 14.2634| 5.8| 8/1
Real Estate | 1.9601| 0.4| 16/10
Consumer Discretionary | 0.6564| 0.1| 8/4
Utilities | -0.5786| -0.1| 8/7
Communication Services | -1.8594| -0.2| 2/5
Materials | -2.5913| -0.1| 20/30
Consumer Staples | -8.2182| -1.3| 1/10
Information Technology | -21.9027| -1.2| 4/6
Industrials | -29.8882| -1.3| 15/13
US
By Claire Ballentine and Vildana Hajric
(Bloomberg) — U.S. stocks fell for the first time in three days and Treasury yields climbed amid expectations President- elect Joe Biden plans Covid-19 relief of as much as $2 trillion. After approaching all-time highs most of Thursday, the S&P 500 turned negative late in the trading session. Technology, communication services and consumer discretionary sectors were the biggest losers, while energy shares rose with oil. Biden last week put the “entire package” at “trillions of dollars,” and many Democrats believe it will be as much as $2 trillion. Biden is expected to announce his economic support plans later in the day. Federal Reserve Chairman Jerome Powell said policy makers won’t raise interest rates unless they see troubling signs of inflation. “With stock markets close to record highs, some investors may be concerned about signs of over-exuberance in equities,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. “But support from vaccine rollouts, continued low interest rates, and the likelihood of further fiscal stimulus should drive rapid economic and earnings growth in 2021, which should support further upside for equities.”
     Investors betting on an economic recovery this year are tolerating stretched stock valuations, partly because they expect further U.S. fiscal spending and better control of the pandemic with vaccines. With Biden due to take office within days, the transfer of power promises more turbulence. On Wednesday the House of Representatives voted to impeach President Donald Trump for a second time, though a Senate trial for Trump likely won’t get underway before his term ends on Jan. 20. “Investors are looking past that and really concentrating on the stimulus and what that’s going to mean further down the road, “said Chris Gaffney, president of world markets at TIAA Bank.
     After years of too-low inflation, the U.S. central bank approved new policy guidance in September, spelling out it would be appropriate to keep rates near zero until inflation has risen to its 2% target and was on track to moderately exceed that level. “Our eyes are wide open on this,” Powell said. “At the end of the day the public will need to see us allow inflation to move moderately above 2% for a time before the new framework will be seen as fully credible.” The time to raise rates “is no time soon,” Powell added.
     On the virus front, China recorded its first Covid-19 death since April as new clusters continued to expand. France said it will extend tighter curfew measures across the country in a bid to halt the spread of the coronavirus.

Here are some key events coming up:
* JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. are among firms due to report earnings.
* U.S. President-elect Joe Biden plans to lay out proposals for fiscal support on Thursday.
* U.S. retail sales, industrial production, business inventories and consumer sentiment figures are due Friday.

These are some of the main moves in markets:
Stocks
* The S&P 500 Index decreased 0.4% to 3,795.54 as of 4:03 p.m. New York time.
* The Dow Jones Industrial Average fell 0.2% to 30,991.52.
* The Nasdaq Composite Index declined 0.1% to 13,112.64.
* The Stoxx Europe 600 Index jumped 0.7% to 412, the highest in almost 11 months.
* The MSCI All-Country World Index increased 0.1% to 661.91.
Currencies
* The Bloomberg Dollar Spot Index fell 0.3% to 1,119.64.
* The euro was little changed at $1.2161.
* The British pound climbed 0.4% to $1.3691, the strongest in almost three years.
* The Japanese yen strengthened 0.2% to 103.72 per dollar.
Bonds
* The yield on 10-year Treasuries rose four basis points to 1.12%.
* Germany’s 10-year yield declined three basis points to -0.55%.
* Britain’s 10-year yield dipped two basis points to 0.291%.
Commodities
* West Texas Intermediate crude gained 1.3% to $53.60 a barrel, the highest in almost a year.
* Silver strengthened 1.3% to $25.55 per ounce.
–With assistance from Kamaron Leach.
Have a great night.

Be magnificent!
As ever,

Carolann

The first step towards getting somewhere is to decide you’re not going to stay where you are. –JP Morgan, 1837-1913

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

Dear Friends,

Tangents:

I read this poem last weekend and I thought it was very beautiful; hope you do too:

WINTER SONG FOR ONE WHO SUFFERS
                                  -by Brenda Hillman

The stars stand up
behind the day. A known dove balances
on its claw
at the window. A cosmic incident
of darkness has begun
   & a mild excess of beauty
will be offered to the dead,
which they will eat. On a hill
the wise man serves the people,
your thought splits
in half when he speaks of the old
revolts, the return
of apocalypse, motive & advancement.
   A soul can crouch
a long time while the heart
expands to reach its edges.
What is missing past the glitter
of the harvest?
Friend, you chose
to live. How? You did. So many
choices, not just two, encrypted
behind the mystery of the sun,
then the hurt was set aside,
indeterminate chaos
called in by love.

Brenda Hillman, a chancellor of the Academy of American Poets, teaches at Saint Mary’s College of California. Her latest poetry collection is “Extra Hidden Life, Among the Days.”.

January 13, 2000 – Microsoft chairman Bill Gates stepped aside as chief executive.  Go to article »

Netflix plans to release a new movie every week of 2021.  Now we don’t even need to expend energy deciding what to watch. Just take us away, Netflix!

Transparent TV screens are the cool new tech trend.  Living room, or Star Wars command center? Who knows! 

The Late Night Hosts weighed in:
“The president and Mike Pence reportedly spoke yesterday in the Oval Office for the first time since last week’s attack on the Capitol, which had to be pretty awkward. But don’t worry, Trump accepted Pence’s apology.” — SETH MEYERS

“And you’d think Pence would be into the idea, considering the whole ‘Hang him’ thing. But you would be dead wrong, because yesterday, after days of silence, ‘The president and Mike Pence spoke for the first time, meeting in the Oval Office, and agreed that those who broke the law and stormed the Capitol last week do not represent their policy of America first.’ Well, of course this mob violence wasn’t America first — it was in Germany first. So, apparently, it’s all water under the gallows now.” — STEPHEN COLBERT

“When they heard Trump was coming to the border, Mexico was like, ‘Phew, thank God that wall is here.’” — JIMMY FALLON

“You know your presidency is off the rails when you have to distract from your attempted coup with your giant symbol of racism.” — JIMMY FALLON

“Well, that’s a wrap on a flawless administration.” — JAMES CORDEN

PHOTOS OF THE DAY

A man bathes in an ice hole in the Neva River in St. Petersburg, Russia. The temperature in St. Petersburg is -15C
Credit: AP/Dmitri Lovetsky
An Indian ten-inch-tall, three-and-a-half-year-old white-throated kingfisher flips a mouse in the air like a pancake before downing it in one. 
Credit: MEDIADRUMIMAGES/SOURAVDAS/@SOURA
The abbey which was built in 1132 was once England’s most powerful Cistercian monastery. Housing a 650-strong community at its peak in the 1160s under its most famous abbot, Aelred. The monastery was suppressed in 1538, but the spectacular abbey ruins became a popular subject for Romantic artists in the 18th and 19th centuries
Credit: DANNY LAWSON/PA WIRE
Market Closes for January 13^th, 2021 

Market Index	Close	Change
Dow Jones	31060.47	-8.22
		-0.03%
S&P 500	3809.84	+8.65
		+0.23%
NASDAQ	13128.953	+56.519 +0.43%
TSX	17934.74	-51.06
		-0.28%

 

 

 

 

 

 

 

 

 

 

International Markets

Market Index	Close	Change
NIKKEI	28456.59	+292.25
		+1.04%
HANG SENG	28235.60	-41.15
		-0.15%
SENSEX	49492.32	-24.79
		-0.05%
FTSE 100*	6745.52	-8.59 -0.13%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	0.812	0.844
CND. 30 Year Bond	1.442	1.470
U.S.    10 Year Bond	1.0917	1.1308
U.S. 30 Year Bond	1.8225	1.8761

Currencies

BOC Close	Today	Previous
Canadian $	0.78736	0.78274
US $	1.27007	1.27757
Euro Rate 1 Euro=		Inverse
Canadian $	1.54417	0.64760
US $	1.21582	0.82249

Commodities

Gold	Close	Previous
London Gold Fix	1841.25	1847.25
Oil
WTI Crude Future	52.91	53.21

Market Commentary:
On this day in 2000, Federal Reserve Chairman Alan Greenspan, speaking to the Economic Club of New York, imagined an observer looking back from the year 2010. That future-dweller, he said, “might well conclude that a good deal of what we are currently experiencing was just one of the many euphoric speculative bubbles that have dotted human history.” The next day, the Nasdaq Composite—the bubble Greenspan probably had in mind—puffed up 2.7% fatter, to 4064.27.
Canada
By Michael Bellusci
(Bloomberg) — Canadian equities fell Wednesday as traders began to assess corporate earnings and global stimulus measures. The S&P/TSX Composite Index dropped 0.3%, with consumer staples and materials leading the declines. Health care shares advanced with Bausch Health Companies Inc. rising 10.3%. The French government is opposed to Alimentation Couche-Tard Inc. buying France’s Carrefour SA, Finance Minister Bruno Le Maire said, casting doubt on prospects for a $20 billion trans-Atlantic retail deal. Couche-Tard shares fell 10.2% Wednesday. Prime Minister Justin Trudeau’s government criticized moves by Canada’s largest airlines to cut jobs and routes amid
tightening restrictions on travel to curb the spread of Covid-19.
Commodities
* Western Canadian Select crude oil traded at a $11.35 discount to West Texas Intermediate
* Spot gold fell 0.3% to $1,848 an ounce
FX/Bonds
* The Canadian dollar gained 0.1% to C$1.2693 per U.S. dollar
* The 10-year Canada government bond yield fell 3.0 basis points to 0.813%

By Bloomberg Automation:
(Bloomberg) — The S&P/TSX Composite fell 0.3 percent at 17,934.74 in Toronto. The move follows the previous session’s increase of 0.3 percent. Today, materials stocks led the market lower, as 6 of 11 sectors lost; 146 of 221 shares fell, while 74 rose. Alimentation Couche-Tard Inc. contributed the most to the index decline and had the largest move, decreasing 10.2 percent.
Insights
* The index advanced 3.7 percent in the past 52 weeks. The MSCI
AC Americas Index gained 17 percent in the same period
* The S&P/TSX Composite is 0.7 percent below its 52-week high on
Jan. 8, 2021 and 60.5 percent above its low on March 23, 2020
* The S&P/TSX Composite is up 0.6 percent in the past 5 days and rose 2.2 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of
26.4 on a trailing basis and 17.2 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.78t
* 30-day price volatility fell to 8.30 percent compared with
9.14 percent in the previous session and the average of 9.20 percent over the past month
================================================================
| Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Materials | -38.5306| -1.6| 6/45
Consumer Staples | -27.5239| -4.1| 2/9
Financials | -8.8165| -0.2| 5/21
Consumer Discretionary | -3.6535| -0.5| 5/8
Industrials | -3.3419| -0.1| 10/19
Communication Services | -0.7680| -0.1| 2/5
Utilities | 1.5286| 0.2| 9/7
Real Estate | 1.7041| 0.3| 18/8
Energy | 3.4588| 0.2| 4/18
Information Technology | 11.7857| 0.6| 5/5
Health Care | 13.1030| 5.6| 8/1
US
By Claire Ballentine and Vildana Hajric
(Bloomberg) — Stocks rose and benchmark Treasury yields retreated for a second day amid optimism the economy will continue to benefit from government support. Technology shares led gains, with the Nasdaq 100 outperforming the benchmark S&P 500. Intel Corp. jumped 7% after the chipmaker named a new chief executive. Treasury received strong demand for a second consecutive day at a government debt sale, helping to send yields down from the highest levels since March.
“Investors continue to focus on growing expectations for increased fiscal spending and promising economic prospects as the vaccine rolls out later this year,” said Ryan Nauman, market strategist at Informa Financial Intelligence’s Zephyr. “It’s all about resiliency here right now and equity markets continue to overlook and not be phased by all the chaos that’s out there.” In Washington, the House of Representatives is voting to impeach President Donald Trump for a second time. A Senate trial for Trump won’t likely get under way before his term ends on Jan. 20. In Europe, European Central Bank council member Francois Villeroy de Galhau said the ECB will keep an easy stance for as long as needed, and U.S. investors took comfort from remarks by two Federal Reserve officials that pushed back on the possibility of tapering bond purchases anytime soon. “Coordinated comments from Fed governors” are helping to deflate bond yields, said Deutsche Bank AG strategists including Jim Reid in a note to clients. “We’ve only had seven business days this year and we’ve already had a full 360-degree tapering debate played out by the Fed.” Europe’s Stoxx 600 was flat, with losses in banks and travel shares outweighing M&A announcements. Among the day’s  winners, French grocer Carrefour SA rallied after Alimentation Couche-Tard Inc., the convenience-store giant that owns the Circle K chain, said it’s exploring a transaction. In Japan, the Nikkei 225 outperformed, reaching a record in dollar terms. Equities also ticked up in South Korea, while Hong Kong shares were flat. Oil fell as a stronger dollar and rising refined products supplies offset shrinking U.S. crude supplies, capping the price under a key technical indicator.

Here are some key events coming up:
* JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. are among firms due to report earnings.
* U.S. President-elect Joe Biden plans to lay out proposals for fiscal support on Thursday.
* Federal Reserve Chairman Jerome Powell takes part in a webinar on Thursday.
* U.S. initial jobless claims data are due Thursday.
* U.S. retail sales, industrial production, business inventories and consumer sentiment figures are due Friday.

These are some of the main moves in markets:
Stocks
* The S&P 500 Index climbed 0.3% to 3,809.84 as of 4:02 p.m. New York time.
* The Dow Jones Industrial Average increased 0.1% to 31,060.47.
* The Nasdaq Composite Index jumped 0.5% to 13,128.95.
* The Stoxx Europe 600 Index gained 0.1% to 409.07.
* The MSCI All-Country World Index rose 0.3% to 661.44.
Currencies
* The Bloomberg Dollar Spot Index gained 0.2% to 1,122.79.
* The euro decreased 0.4% to $1.2157.
* The British pound fell 0.3% to $1.3634.
* The Japanese yen weakened 0.1% to 103.87 per dollar.
Bonds
* The yield on 10-year Treasuries dipped four basis points to 1.09%, the biggest decrease in five weeks.
* Germany’s 10-year yield decreased five basis points to -0.52%, the largest dip in seven months.
* Britain’s 10-year yield fell five basis points to 0.307%, the first retreat in more than a week and the biggest drop in more than a month.
Commodities
* West Texas Intermediate crude fell 0.6% to $52.88 a barrel, the first retreat in more than a week and the largest fall in a week.
* Silver weakened 1.5% to $25.25 per ounce.
Have a great night.

Be magnificent!
As ever,

Carolann
Obstacles don’t have to stop you.  If you run into a wall, don’t turn around and give up. 
Figure out how to climb it, go through it, or work around it. –Michael Jordan, b. 1963.

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

Dear Friends,

Tangents:
On Jan. 12, 2010, a catastrophic earthquake struck Haiti, killing over 200,000 people and destroying much of the capital, Port-au-Prince. Go to article »

Visit the pleasure garden of the Roman emperor Caligula, where frescoes and peacock bones tell extraordinary stories

The first human civilization lasted 20,000 years longer than first thought. (h/t Ellen Kominers)

39%:That’s the proportion of Americans who would be able to cover an unexpected $1,000 expense, according to a new report from Bankrate.com. That’s down from 41% in 2020. -CNN.

The [US] government consists of a gang of men exactly like you and me.  They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office.  Their principal device to that end is to search out groups who pant and pine for something they can’t get and to promise to give it to them.  Nine times out of ten that promise is worth nothing.  The tenth time is made good by looting A to satisfy B.  In other words, government is  a  broker in pillage, and every election is sort of an advance auction sale of stolen goods.  –H.L. Mencken, 1880-1956.

Late Night:
“Some people are saying, ‘Why bother? He’s only got nine days left in office.’ To them I reply: He’s got nine days left in office! You can do a lot in nine days. That’s enough to create the universe, and then take a three-day weekend.” — STEPHEN COLBERT
PHOTOS OF THE DAY

No, you’re not going BAA-rmy, this poodle really does look just like a Sheep. Japanese canine Goma would pull the wool over anyone’s eyes into thinking he’s more about baas than barks. Owner Yoriko Hamachiyo said the unusual hairstyle came about not for cosmetic reasons, but to help stop Goma getting painful knots in his fur. Dog groomer Yoriko, 42, spends two hours a time keeping the seven-year-old sheep-shaped and admits some do think it’s a gimmick.
Credit: YORIKO HAMACHIYO/SPLITICS UK
Scarborough beach as the sun rises in Yorkshire.
Credit: DANNY LAWSON/PA
A starry sky above St Mary’s Lighthouse in Whitley Bay, Tyne and Wear. 
Credit: OWEN HUMPHREYS/PA

Market Closes for January 12^th, 2021 

Market Index	Close	Change
Dow Jones	31068.69	+60.00
		+0.19%
S&P 500	3801.19	+1.58
		+0.04%
NASDAQ	13072.434	+36.003 +0.28%
TSX	17985.80	+51.34
		+0.29%

 

International Markets

Market Index	Close	Change
NIKKEI	28164.34	+25.31
		+0.09%
HANG SENG	28276.75	+368.53
		+1.32%
SENSEX	49517.11	+247.79
		+0.50%
FTSE 100*	6754.11	-44.37 -0.65%

Bonds

Bonds	% Yield	Previous % Yield
CND. 10 Year Bond	0.844	0.838
CND. 30 Year Bond	1.470	1.459
U.S.    10 Year Bond	1.1308	1.1443
U.S. 30 Year Bond	1.8761	1.8818

Currencies

BOC Close	Today	Previous
Canadian $	0.78657	0.78274
US $	1.27134	1.27757
Euro Rate 1 Euro=		Inverse
Canadian $	1.55196	0.64435
US $	1.22073	0.81918

Commodities

Gold	Close	Previous
London Gold Fix	1847.25	1862.90
Oil
WTI Crude Future	53.21	52.25

Market Commentary:
On this day in 1914, Henry Ford announced that he would share the Ford Motor Co.’s profits with its workers by raising wages from $2.34 for a nine-hour day to $5.00 for an eight-hour day. He hoped his workers would be able to afford to buy their own Fords. Within two years, Ford went on to produce its millionth car.
Canada
By Michael Bellusci
     (Bloomberg) — Canadian equities rose Tuesday after falling Monday.
The S&P/TSX Composite Index gained 0.3%, with energy,
financials and materials rising. Consumer staples fell.
     Oil rose to a fresh 10-month high with a weaker dollar
providing support to a market already boosted by expectations for tightening global supply.
     Justin Trudeau’s decision to shuffle his cabinet is the strongest sign yet that he could soon send Canadians to the
polls. Separately, Trudeau said his government has ordered another 20 million doses of the Pfizer Inc.-BioNTech SE coronavirus vaccine.
Commodities
* Western Canadian Select crude oil traded at a $12.50 discount to West Texas Intermediate
* Spot gold rose 0.6% to $1,855 an ounce
FX/Bonds
* The Canadian dollar rose 0.5% to C$1.2714 per U.S. dollar
* The 10-year Canada government bond yield edged higher to 0.844%

By Bloomberg Automation:
     (Bloomberg) — The S&P/TSX Composite rose 0.3 percent at 17,985.80 in Toronto. The move follows the previous session’s decrease of 0.6 percent.
Nutrien Ltd. contributed the most to the index gain, increasing 5.4 percent. Ballard Power Systems Inc. had the largest increase, rising 18.0 percent. Today, 102 of 221 shares rose, while 117 fell; 5 of 11 sectors were higher, led by financials stocks.
Insights
* The index advanced 4.4 percent in the past 52 weeks. The MSCI AC Americas Index gained 18 percent in the same period
* The S&P/TSX Composite is 0.4 percent below its 52-week high on Jan. 8, 2021 and 61 percent above its low on March 23, 2020
* The S&P/TSX Composite is up 1.7 percent in the past 5 days and rose 2.5 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 26.4 on a trailing basis and 17.3 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.9 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$2.77t
* 30-day price volatility little changed to 9.14 percent compared with 9.14 percent in the previous session and the average of 9.25 percent over the past month
================================================================
|Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Financials | 29.2245| 0.5| 19/7
Energy | 24.8184| 1.2| 18/4
Materials | 11.6335| 0.5| 21/30
Information Technology | 5.5880| 0.3| 3/7
Industrials | 1.9733| 0.1| 14/14
Health Care | -0.9481| -0.4| 4/5
Consumer Discretionary | -1.0566| -0.1| 3/10
Real Estate | -1.7528| -0.3| 10/16
Utilities | -2.9413| -0.3| 6/10
Communication Services | -7.0685| -0.8| 1/6
Consumer Staples | -8.1187| -1.2| 3/8
US
By Claire Ballentine and Kamaron Leach
     (Bloomberg) — U.S. stocks edged higher and benchmark Treasury note yields lingered at 10-month highs as investors mulled the prospects of the economic recovery and vaccine rollout. The S&P 500 closed in the green after fluctuating between gains and losses most of the trading session, with the energy, materials and consumer discretionary sectors leading gainers. The Dow Jones Industrial and Nasdaq Composite rose more than the benchmark index. Crude oil approached a 11-month high as the dollar weakened following a three-day rally. Corn futures surged by the exchange limit to the highest level for a most-active contract since May 2014.
     The mood across markets remained mostly positive even as investors assessed how the rise in Treasury yields changes the financial landscape. While progress on a vaccine gives reason to be hopeful, there are lingering concerns over the speculative excess and froth that’s driven stock markets to all-time highs in the middle of a pandemic.
“What I think investors are most focused on is the digesting of what is shifting fiscal policy,” said David Bianco, chief investment officer of the Americas at DWS Group. “We’re beginning to lose the anchor on some long-term key benchmark interest rates.” Yields on Treasury 10-year notes pared an earlier rise after a government auction of $38 billion of the securities was met with solid demand. The spread between the rate on the two-and 10-year notes had risen every single day this year as investors bet on additional U.S. fiscal stimulus, spurring more bond issuance and higher yields on longer-maturity Treasuries.
     In Washington, the House is moving forward on an expected vote to impeach the President Donald Trump for the second time in little more than a year. “I wrap up the market’s concerns into an easy-to-remember acronym – EIEIO – which stands for EPS-Impeachment-Energy Prices-Interest Rates-Overvaluation,” said CFRA Research Chief
Investment Strategist Sam Stovall. “The market is vulnerable to a setback as many measures are at extremes, encouraged by the ‘Blue Ripple’s’ push for additional stimulus.”
     Elsewhere, Europe’s Stoxx 600 Index traded little changed. After Bitcoin suffered steep declines on Monday, the largest cryptocurrency continued its wide swings. In Asia, China’s CSI 300 Index rallied to a 13-year high, driven by a surge in financial and securities stocks. The yuan reached the highest since 2018 versus a basket of trading partners’ currencies on upbeat growth prospects. Malaysia’s stock benchmark slipped as much as 1.6% after the nation’s king declared a state of emergency until August.

Here are some key events coming up:
* JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co., as well as firms ranging from Taiwan Semiconductor Manufacturing Co. to Infosys Ltd., are among those due to report earnings.
* EIA crude oil inventory report is due Wednesday.
* European Central Bank’s Christine Lagarde speaks at an online conference Wednesday.
* U.S. consumer-price inflation figures are due Wednesday.
* U.S. President-elect Joe Biden plans to lay out proposals for fiscal support on Thursday.
* Fed Chair Jerome Powell takes part in a webinar on Thursday.
* U.S. initial jobless claims data are due Thursday.
* U.S. retail sales, industrial production, business inventories and consumer sentiment figures are due Friday.

These are some of the main moves in markets:
Stocks
*The S&P 500 Index was little changed at 3,801.19 as of 4:06 p.m. New York time.
*The Dow Jones Industrial Average rose 0.2% to 31,068.69.
*The Nasdaq Composite Index climbed 0.3% to 13,072.43.
*The Stoxx Europe 600 Index was little changed at 408.61.
*The MSCI All-Country World Index jumped 0.3% to 660.66.
Currencies
*The Bloomberg Dollar Spot Index sank 0.6% to 1,120.16, the biggest dip in almost six weeks.
*The euro increased 0.5% to $1.2205, the largest increase in more than three weeks.
*The British pound jumped 1.1% to $1.3667, the strongest in more than a week on the biggest jump in more than two months.
*The Japanese yen strengthened 0.5% to 103.73 per dollar, the first advance in a week and the largest climb in more than five weeks.
Bonds
*The yield on 10-year Treasuries dipped one basis point to 1.13%, the first retreat in more than a week.
*Germany’s 10-year yield gained three basis points to -0.47%, the highest in more than four months.
*Britain’s 10-year yield increased four basis points to 0.352%, reaching the highest in almost six weeks on its sixth straight advance and the biggest climb in almost three weeks.
Commodities
*West Texas Intermediate crude increased 1.7% to $53.15 a barrel, hitting the highest in almost a year with its sixth consecutive advance.
*Silver strengthened 2.7% to $25.57 per ounce, the first advance in a week.
–With assistance from Sophie Caronello.
Have a nice evening.

Be magnificent!
As ever,

Carolann

Breach of promise is no less an act of insolvency than a refusal to pay one’s debt.
                                                                      -Mahatma Gandhi, 1869-1948
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