(On Wednesday) it was oil and gas and on Thursday it's paper and forest products and gold, which is a name you don't hear too often on the winning side.
More Quotes from Doug Porter:
Right now there's concern again reemerging in the market that the Fed (U.S. Federal Reserve) is going to become more aggressive,Doug Porter
Manufacturing is just down 0.1 percent in the past year. It shows there's enough strength in other sectors to offset an outright decline in manufacturing, so there's enough room for the Bank of Canada to keep tightening.
Doug Porter
Beneath this calm surface, the economy is churning mightily below, with wide divergence among sectors.
Doug Porter
What's interesting is that there's a real split between present expectations and the future. Consumers still view their present situation as exceptionally good, but there does seem to be a little bit of trepidation about the outlook going forward.
Doug Porter
I think you can definitely make a case that this is as much a U. S. dollar strength story as a euro weakness story, ... We also think the U. S. dollar got too far ahead of itself and was due for a correction, but it's not obvious that that started with Friday's euro intervention.
Doug Porter
I guess the other concern is the continued weakness in the U.S ... it raises some serious concern over what the market is telling us for the North American economy going forward.
Doug Porter
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