Weekly Summary - QIS Blog - May 31, 2019 - May 31st 2019
Weekly Summary - QIS Blog - May 31, 2019
With May 2019 officially in the rearview mirror, it remains to be seen whether the old adage of "Sell in May and Go Away" will ring true this year as we head into the summer months. The markets certainly exited May on a downward trend as investors remain wary of a weak projected economic forecast and various political concerns are playing a role as well.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
The latest three QIS Capital Updates were issued to all subscribers on May 23, May 14, and May 7, 2019, respectively. These updates included financial results and news from NTG Clarity Networks (NCI:TSX-V), and the latest news from Deer Horn Capital (DHC:CSE).
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up at: http://www.smallcaps.ca/investor_signup. We typically send out 10-15 email updates per year.
During the final trading week of May 2019, which was a short week in the USA due to the Memorial Day holiday, each of the three indices we track posted losses for the second week in a row. The S&P TSX Venture Composite Index fell off by a combined 6.13 points on the week to close on Friday at 601.55. Canada's most followed stock market index, the S&P TSX Composite Index, was also down on the week, finishing on Friday at 16,037.49 points. In total for the week, the TSX Composite declined by 192.55 points. South of us in the United States, the Dow Jones Industrial Average weakened for the sixth straight week, shedding a total of 770.65 points on the week, closing on Friday at 24,815.04 points. This marked its lowest close since late January 2019.
TSX ends worst month of 2019 lower on concerns of economic slowdown, new tariffs
Canada's economy grew at 0.4% pace to start 2019, barely ahead of late 2018 pace
Bank of Canada holds key interest rate steady at 1.75%
Canada's yield curve inverts most in 12 years on Trump tariffs
The Week Ahead: Trump visits U.K.; Apple developers conference