polo t shirt government shutdown a buying opportunity

gildan polo shirt government shutdown a buying opportunity

congressional standoff that shut down the government for the first time in 17 years is a buying opportunity for stock investors, if history is any guide. The Standard Poor 500 Index has risen 11% on average in the 12 months following a government shutdown, according to data compiled by Bloomberg on the 12 instances since 1976. That compares with an average return of 9% over 12 months. equity benchmark was higher by the end of the next two years. budget and debt limit will hurt the economy, investors at Raymond James Associates and PNC Wealth Management say equities will recover as profits rise. Analysts forecasts show earnings will increase at the fastest pace in two years during the fourth quarter. More than 300 companies in the S 500 are scheduled to report results this month, according to data compiled by Bloomberg. a buyer on weakness, Jeff Saut, the St. Petersburg, Florida based chief investment strategist at Raymond James, said in a phone interview. He helps oversee about $400 billion. it in the rearview mirror along with the debt ceiling, the market will start to focus again on the improving economic numbers and improving earnings. government shutdown looms large over Canada

Once again, Canada economy is being overshadowed by our big neighbour. Indeed, as the Financial Post Gordon Isfeld reports, despite data on Monday showing a strong rebound in growth here, it’s the funding crisis in the United States that dominates the spotlight. and that just the way it going to be until they figure this thing out, said Benjamin Reitzes, senior economist at BMO Capital Markets. very stable. Unfortunately, we need everyone else to pick up before our economy can really start moving. So, we kind of at their mercy. momentum would benefit Canada economy, which showed a strong rebound in July, according to the most recent monthly data. growth would pull us down, as well. and Europe, Finance Minister Jim Flaherty said Monday. Federal Reserve plans to reduce its $85 billion per month bond buying program.

Related: Canada GDP rebounds with strongest growth in 2 years Financial PostHistory of government shutdowns, American style Associated Press

BoC deputy warns economy sputtering

The No. 2 policymaker at the Bank of Canada is warning the country’s economic engine is sputtering, as the expected rotation to exports and business investment away from household spending is delayed by uncertain global conditions. As a result, senior deputy central bank governor Tiff Macklem said Tuesday that Canadian growth forecasts need to be pulled back. are now expecting growth in the third and fourth quarters of this year to be in the 2 2.5% range before strengthening next year as the rotation to exports and investment gains momentum, Mr. Macklem said in the text of a speech to the Economic Club of Canada in Toronto. The Bank of Canada had previously forecast growth of 3.8% for the third quarter of this year and 2.5% the following quarter. However, the new adjustments followed a weak 1.7% increase in the first quarter of 2013, which was still much better than the 1% reading the bank had originally expected.

Related: Canadian economy ‘puffing along’ but new sources of growth needed: TD Financial PostShakeup at Encana
polo t shirt government shutdown a buying opportunity