November 23, 2023, Newsletter

Dear Friends,

Tangents: Happy Friday Eve. American Thanksgiving Day.

November 23, 1976: First person to dive 100 meters in the sea without breathing equipment.  Frenchman Jacques Mayol, who is also sometimes known as Dolphin Man, was 49 years old at the time.  He broke his own record 7 years later by diving 105 meters.
1936: Life magazine premiered.

Indigenous Mexicans migrated to California 5,200 years ago
New research challenges the idea that languages from prehistoric Mexico spread along with maize farming in California.

A new series of experiments has shown that the mysterious “E-prime layer,” which surrounds Earth’s outer core, is created by water that leaks deep into our planet’s interior.  Full Story: Live Science (11/22)

James Webb telescope discovers 2 of the oldest galaxies
The James Webb Space Telescope has discovered a cosmic ‘peanut’ and ‘fluff ball’ that happen to be two of the four oldest galaxies in the known universe.  Read More.

World’s 1st CRISPR therapy approved. Here’s how it works.
U.K. regulators have approved the use of a CRISPR therapy called Casgevy to treat two inherited blood disorders. But what is it and how does it work? Read More.

PHOTOS OF THE DAY

Agra, India
A tourist takes a picture of the Taj Mahal amid heavy smog.  Photograph: Pawan Sharma/AFP/Getty Images.

New York, US
The Macy’s inflation team works on giant balloons as they prepare for the Macy’s Thanksgiving Day parade.  Photograph: Anadolu/Getty Images.

Dalian, China
Cars navigate heavy snowfall in China’s north-eastern Liaoning province
Photograph: AFP/Getty Image
Market Closes for November 23^rd,2023

International Markets

Bonds

Currencies

Commodities

Market Commentary:
The stock market is a device for transferring money from the impatient to the patient. -Warren Buffett.
Canada
By Bloomberg Automation
(Bloomberg) — The S&P/TSX Composite advanced slightly to 20,116.66 in Toronto.
Canadian National Railway Co. contributed the most to the index gain, increasing 1.2%.
Cargojet Inc. had the largest increase, rising 2.9%.
Today, 112 of 227 shares rose, while 110 fell; 4 of 11 sectors were higher, led by industrials stocks.
Insights
* This year, the index rose 3.8%, heading for the best year since 2021
* This month, the index rose 6.6%, heading for the biggest advance since January
* So far this week, the index fell 0.3%
* The index declined 0.8% in the past 52 weeks. The MSCI AC Americas Index gained 13% in the same period
* The S&P/TSX Composite is 3.5% below its 52-week high on Feb. 2, 2023 and 7.6% above its low on Oct. 27, 2023
* The S&P/TSX Composite is up 0.3% in the past 5 days and rose 5.6% in the past 30 days
* S&P/TSX Composite is trading at a price-to-earnings ratio of 15.4 on a trailing basis and 14.5 times estimated earnings of its members for the coming year
* The index’s dividend yield is 3.3% on a trailing 12-month basis
* S&P/TSX Composite’s members have a total market capitalization of C$3.19t
* 30-day price volatility fell to 13.62% compared with 13.64% in the previous session and the average of 14.36% over the past month
================================================================
|Index Points | |
Sector Name | Move | % Change | Adv/Dec
================================================================
Industrials | 13.8525| 0.5| 15/11
Energy | 10.5542| 0.3| 34/5
Real Estate | 0.2215| 0.0| 10/11
Communication Services | 0.0167| 0.0| 1/3
Consumer Discretionary | -0.0038| 0.0| 9/5
Health Care | -0.1823| -0.3| 2/2
Utilities | -0.8882| -0.1| 4/11
Information Technology | -1.4173| -0.1| 7/4
Financials | -2.6632| 0.0| 16/11
Materials | -7.1403| -0.3| 13/37
Consumer Staples | -9.6502| -1.1| 1/10
================================================================
| | |Volume VS |
| Index | | 20D AVG |YTD Change
Top Contributors |Points Move| % Change | (%) | (%)
================================================================
Canadian National | 7.7950| 1.2|n/a | -2.0
Canadian Pacific | | | |
Kansas | 5.0790| 0.8|n/a | -2.9
Canadian Natural Resources | 3.6650| 0.5|n/a | 18.8
Suncor Energy | -3.2040| -0.8|n/a | 4.1
Shopify | -3.5940| -0.4|n/a | 105.7
Couche-Tard | -5.5530| -1.3|n/a | 32.7
US
All markets closed.

Have a lovely evening.

Be magnificent!

As ever,

Carolann
There comes a time when the mind takes a higher plane of knowledge but can never prove how it got there. –Albert Einstein, 1879-1955.

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