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November 4, 2023 | Tech Talk for Saturday November 4th 2023

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

The strongest period of seasonal strength in the year for North American equity indices from October 27th to January 5th “started with a bang” last week. The S&P 500 Index jumped % and the TSX Composite Index advanced %. Trigger for the advance was news that the Federal Reserve held the Fed Fund Rate unchanged at 5.25%-5.50% and has no plans to increase the Rate any time soon. Added to the news was release of better than consensus quarterly earnings reports: According to www.Factset.com Eighty two percent of reporting S&P 500 companies released higher than consensus quarterly earnings.

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November 4th, 2023

Posted In: Tech Talk

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