Sentiment has turned a little more cautious, the market is still... by Manash Goswami

Sentiment has turned a little more cautious, the market is still looking for direction on Fed rates.

Manash Goswami

Image Embed Code

Categorized in : Company News

If they control the fire they should be able to get people up there to run those facilities and get that stuff online again.

People were like 'wait a minute, OK this is a great announcement but has anything changed? Not really. Let's sell the news'.

It slows down into the year-end, but when you look at the data on the other side, there doesn't seem to be anything to get too excited about.

Energy is trading off today given what we saw overnight in China'... by Manash Goswami

Energy is trading off today given what we saw overnight in China's industrial numbers.

It's hard to see the commodities do much better until we start to see more global growth coming through.

The market is still looking for direction on Fed rates, i think the market is still trying to get a sense of growth, globally and in the U.S.

A lot of what's going to happen in Canada is going to be driven by commodities, sentiment and reality, i'm not bullish.

I don't believe oil can be at this level for a prolonged period of time, the big issue is that supply is still outstripping demand.

Weaker economic numbers out of China and other emerging market countries don't portend well for the commodity complex, which is what Canada is based on.

Companies are cost-cutting and they are managing their way through this, but we haven't seen robust top-line growth.

Heading into the week people were talking about 'Grexit', and in the last 24 to 48 hours, it feels like a breakthrough, i'm not sure if it's a relief rally, if we're coming off oversold levels, or if it's just people saying it looks like something is going to get done in Europe.

A lot of the bullishness in the early part of the week was on hearing there could be an agreement, then towards the end of the week we heard it wasn't, there were going to be more prolonged meetings.

It's hard to get excited on energy for the balance of the year. by Manash Goswami

It's hard to get excited on energy for the balance of the year.