China is surprising the market to raise short term rates. It is a long term positive but short term pain. The commodity should trade down.
U.S. retail number overall is fine. But don't read too much about it. The cold weather probably play a part.
The market will go down today. I will put a buy order for 100 TD bank @63.3 in C$ portfolio. Rational:
1. The dividend yield is around 4%. 2. The yield curve spread is wide. 3. TD waterhouse is doing very well. 4. It is taking advantage to build s strong retail presence in Northeast U.S.
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