July 5, 2021 Newsletter

Dear Friends,

Tangents: Tynwald Day ~Viking Mid-summer day, Isle of Man.
July 5, 1994: Amazon.com is founded in Bellevue, Washington by Jeff Bezos.  As of 2021, Amazon has a market cap of $1.77 trillion.

July 5, 1946~First bikini swimsuit.  Skimpy two-piece swimsuits get their name from Bikini Atoll in the south Pacific.  French fashion designer Loui Réard chose the name to upstage rival designer Jacques Heim who had started selling a two-piece called the Atome.  On July 5, 1946, four days after the United States tested an atomic bomb over Bikini, Réard launched his explosively small creation under the suddenly well-known name.

PHOTOS OF THE DAY

A child holds a U.S. flag as she watches the Macy’s Fourth of July fireworks in New York City, New York
CREDIT: REUTERS/ANDREW KELLY

A young owl looks like it’s wearing a feathered hat as it stretches its wings above its head. Surrounded by green foliage, the bird strikes the bizarre pose while perched on a branch. The photo of the fledgling Barred Owl was taken in a small wooded park in the heart of the city of Baltimore, USA
CREDIT: SCOTT SURIANO/SOLENT NEWS & PHOTO AGENCY

Amodel poses during Iris Van Herpen Haute Couture Fall/Winter 2021/2022 collection shooting as part of the Paris Fashion Week in the Dolomites, Italy.
CREDIT: VITTORIO ZUNINO CELOTTO/GETTY IMAGES

A Canosan pottery Askos Apulia from early 3rd Century B.C. on display during “The Classics” photocall at Bonhams.The sales of antiquities and ceramics will take place on July 6th and Old Master paintings on 7th July
CREDIT: TIM P. WHITBY/GETTY IMAGES

Market Closes for July 5^th, 2021

International Markets

Bonds

Currencies

Commodities

Market Commentary:
     1991: Regulators in eight countries shut down the Bank of Credit and Commerce International, charging it with fraud, drug money laundering and illegal infiltration into the U.S. banking system. Go to article »
Canada
By Aoyon Ashraf
(Bloomberg) — Canadian stocks rallied to their highest closing level on record Monday as energy companies outperformed on surging oil prices. The S&P/TSX Composite index rose 0.3% in Toronto, led by energy and tech stocks.  Oil prices rose above $75 a barrel after OPEC+ abandoned its meeting without a deal, tipping the cartel into crisis and leaving the oil market facing tight supplies and rising prices. On the M&A front, a unit of Brookfield Asset Management and a group of institutional partners agreed to buy closely held trucking-parts supplier DexKo Global Inc. for $3.4 billion, betting on an industry that has remained strong throughout the pandemic.
Commodities:
* Western Canadian Select crude oil traded at a $14.10 discount to West Texas Intermediate
* Spot gold rose about 0.3% to $ 1,791.80 an ounce
FX/ Bonds:
* The Canadian dollar fell 0.2% to C$1.2340 per U.S. dollar
* The 10-year Canada government bond yield was rose to 1.398%
By Bloomberg Automation:
     (Bloomberg) — The S&P/TSX Composite rose for the second day, climbing 0.3 percent, or 55.35 to 20,281.46 in Toronto. Suncor Energy Inc. contributed the most to the index gain, increasing 2.7 percent. Cascades Inc. had the largest increase, rising 6.3 percent. Today, 126 of 231 shares rose, while 101 fell; 7 of 11 sectors were higher, led by energy stocks.
Insights
* The index advanced 30 percent in the past 52 weeks. The MSCI AC Americas Index gained 41 percent in the same period
* The S&P/TSX Composite is 0.3 percent below its 52-week high on July 2, 2021 and 31.8 percent above its low on July 9, 2020
* The S&P/TSX Composite is up 0.3 percent in the past 5 days and rose 1.3 percent in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 23.4 on a trailing basis and 17 times estimated earnings of its members for the coming year
* The index’s dividend yield is 2.6 percent on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$3.18t
* 30-day price volatility fell to 6.83 percent compared with 6.84 percent in the previous session and the average of 8.14 percent over the past month
================================================================
|Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
* Energy | 27.9950| 1.1| 21/2
* Financials | 14.1200| 0.2| 20/8
* Information Technology | 9.1331| 0.4| 5/7
* Materials | 8.3472| 0.4| 26/26
* Utilities | 2.0576| 0.2| 9/7
* Real Estate | 1.9809| 0.3| 18/7
* Health Care | 0.9768| 0.4| 7/2
* Communication Services | -0.4269| 0.0| 2/4
* Industrials | -2.1591| -0.1| 12/18
* Consumer Discretionary | -2.8072| -0.4| 2/11
* Consumer Staples | -3.8152| -0.5| 4/9
================================================================
| | |Volume VS |
| Index | | 20D AVG |YTD Change
Top Contributors |Points Move| % Change | (%) | (%)
================================================================
* Suncor Energy | 8.3780| 2.7| -57.8| 41.8
* TD Bank | 8.1040| 0.7| 24.0| 21.9
* Canadian Natural | | | |
* Resources | 7.6710| 2.1| -60.7| 49.9
* Brookfield Asset | | | |
* Management | -1.8550| -0.3| -79.6| 20.7
* Canadian National | -2.5640| -0.4| -77.2| -6.4
* Couche-Tard | -2.7540| -1.0| -74.4| 6.8
US MARKETS CLOSED FOR INDEPENDENCE DAY HOLIDAY.

Have a lovely evening.

Be magnificent!
As ever,

Carolann

Nothing gives one person so much advantage over another as to remain always cool and unruffled under all circumstances. –Thomas Jefferson, 1743-1846.

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