I agree. Although a big downturn will hurt housing as always, Canada's debt levels are low and if inflation is the cause for a downturn their commodity based economy should weather the storm better than the US.

Good analysis. Of course, each currency will do what it can with its partners to pump up the currencies value until it doesn't work. Banks are most likely to be the least trustworthy to hold a currency in a downturn.

Treasury sales are getting more worrisome. It's not exactly the time to start upsetting foreign buyers unless you want them to act out and have the yields rise even more. Then one can blame others but in reality one only has oneself to blame for the end results which won't be good for anyone.

I don't expect we are hitting the worst case scenario yet, but I do see the cause for worry.

The economy will keep its boost thanks to the fiscal stimulus of tax cuts, however, a trade war will pop the bubble rapidly. Especially if used in a way that results in price increases and shortages in meaningful places. And undoubtedly there will be retaliation hurting a lot more of the economy than expected. Trade wars are developed that way for just such an effect. Avoid them and embrace capitalism or else you will find your country being globally noncompetitive in no time.

The S&P and tech are carrying too much of this market. Without materials sporting gains there is really no sign of a strong overall recovery. Sadly, we may be looking at more of the same, lackluster growth spurred on by Fiscal or monetary stimulus.

Agreed, what is concerning is its lack of growth more than anything else. With vapid growth it should be trading at a much lower PE.

It is not surprising. Sadly its not not good either. What it does do It does do is to help stem inflation concerns.

Sadly Europe and Asia are gaining in their relationship as the US becomes more unpredictable. Arguing about who gets what with allies does nothing but weaken both parties relations with each other.

Sadly, Europe is forging new ones as the US also alienates its Asian allies. Things are not that bad for the US. What it needs to do is get its ship in order by supporting small business and ridding itself of the QE zirp monkeys on its back. This is what is hurting the US, not importing steel.

This is generally good because it shows an increasing established longer term trading range. Of course, eventful news will change the equation. A tariff trade war is the biggest concern which graphs will do little in the way of providing insight into what will happen.

It's amazing how quickly people forget Italy and other extreme examples of the problems that exist around the globe. They keep growing along with the problems underpinning them. They will appear again. Do worry a bit about these problems that won't go away until they are resolved.