The overall U.S. dollar weakness is opening the door for a rally in the commodity sectors, materials, and in particular precious metals, are very attractive here, given some of the relative valuations that we're seeing.

Youssef Zohny

Categorized in : Company News

Right now the market is very stretched. by Youssef Zohny

Right now the market is very stretched.

The resource areas of the market have been extremely strong this year and likely are going to see a pullback here given they look pretty stretched and likely overbought.

It seems like some investors are maybe booking some profits ahead of that (U.S. earnings), canadian investors are going to be watching U.S. bank earnings, it is probably the strongest correlation to Canadian bank earnings.

With a weak loonie strategy going forward, definitely there are certain sectors of the Canadian economy that are going to be benefiting.

Some of them are resource-related, some of them are in manufacturing, and some of them are industrial.

It wouldn't surprise us to see the Canadian market cool down in t... by Youssef Zohny

It wouldn't surprise us to see the Canadian market cool down in the coming months.

We're seeing a very strong rebound in the commodity complex, particularly in energy. Some buying is coming back to the sector.

(It) seems like some pretty good demand for commodities today whi... by Youssef Zohny

(It) seems like some pretty good demand for commodities today which is helping the TSX.

There's some anticipation of interest rate increases and some investors are taking that as potentially good for some bank profit margins.

Global growth has been slowing, in particular in China, and that's going to definitely keep equities in check.

The markets were expecting calming words from the Fed. by Youssef Zohny

The markets were expecting calming words from the Fed.

Canada is underperforming the U.S. today, likely due to a pullback in resources, which have been having a strong month so far in October.

We've had a nice relief rally but definitely the risks are to the... by Youssef Zohny

We've had a nice relief rally but definitely the risks are to the downside.

We see further weakness in the equity markets in the medium term. by Youssef Zohny

We see further weakness in the equity markets in the medium term.

I think a lot of people will be looking toward the Fed meeting next week and its impact on the U.S. dollar, should the Fed be a bit more dovish and hold off on rates, that could give a boost to commodity prices.

It seems that the global economy is weakening, and we'd still be very cautious on the consumer, especially in Canada.

There's quite a bit of panic in the energy sector right now. by Youssef Zohny

There's quite a bit of panic in the energy sector right now.

There's quite a bit of bad news priced into the sector and there could still be some short-term pain, but it's definitely starting to look more attractive.

We're seeing pretty broad-based selling today. It looks like investors are getting a little nervous ahead of tomorrow's U.S. jobs report.

When a sector is oversold and beaten up as it is right now, long-term investors can see some good entry points.