Blog – Stock Market Analysis for the Week-Ending June 9, 2023
• The S&P 500 is up about 20% from its mid-October lows, a threshold that could indicate a new bull market.
• The economy has defied expectations for a slowdown in the face of higher interest rates. Central banks are taking notice, with the RBA and BoC surprising markets with more tightening.
• We think the foundation of a new bull market is formed, but an economic slowdown is still possibly ahead of us. Pandemic distortions have made this cycle unique by delaying, but likely not cancelling, the impact of higher rates.
• The upcoming CPI release and Fed meeting are likely to set the tone for the remainder of the summer.
• We would view any renewed phase of volatility as an opportunity to position for a more sustainable rebound that is likely to have broader shoulders than what we have currently seen.
• We recommend investors stay close to their strategic, long-term allocation for most asset classes that make up a well-diversified portfolio, including bonds which offer historically attractive yields.
Source - https://www.cnbc.com/2023/06/08/stock-market-today-live-updates.html or https://www.edwardjones.ca/ca-en/market-news-insights/stock-market-news/stock-market-weekly-update
Other sources and analysis
Lithium - https://www.fastmarkets.com/insights/chinese-lithium-prices-strengthen-on-stable-demand
Oil Production - https://www.offshore-energy.biz/what-impact-will-opec-cuts-have-on-global-and-u-s-oil-gas-production/
LNG - https://www.reuters.com/business/energy/us-burns-more-natgas-wind-power-drops-canadian-wildfires-cloud-solar-2023-06-09/
Manufacturing - https://www.manufacturingdive.com/news/NAM-q2-outlook-survey-manufacturers-anticipate-a-recession-economy-regulation/652564/
Inflation - https://www.bnnbloomberg.ca/fed-is-first-to-reach-crucial-junction-in-global-inflation-fight-1.1931316
Tech trends - https://aibusiness.com/verticals/ai-tops-the-list-of-most-impactful-emerging-technologies
ESG - https://www.aicpa-cima.com/professional-insights/article/attract-global-investments-by-promoting-esg-initiatives
Labor market - https://www.cbc.ca/news/business/canada-jobs-unemployment-1.6870263
GDP Growth - https://www.gfmag.com/global-data/economic-data/countries-highest-gdp-growth
Debt - https://www.hellenicshippingnews.com/imf-expects-continued-tangible-progress-from-global-sovereign-debt-roundtable/
Stock Market Analysis and Commentary for WE June 9 2023.pptx
1. WHAT IS UP
WITH THE
STOCK MARKET
Paul Young CPA CGA
Pre-Sales/Business
Development/Custome
r Success
Date: June 10, 2023
2. PAUL YOUNG - BIO
• CPA, CGA (1996)
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Customer Success Management
• SME – Risk Management
• SME – ESG and Sustainability Policies and
Reporting
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
• SME – Data, AI, Security, and Platform
• SME – Internal Controls and Auditing
Contact information email: Paul_Young_CGA@outlook.com
LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
SlideShare - https://www.slideshare.net/paulyoungcga
Pre-Sales, Business Development, and Customer
Success Specialist
3. AGENDA
• Commodities (Key)
• TSX – Canada
• United States Market
• Audit
• Corporate Reporting
• Automation
• Threats of geopolitical risks and events
• Canada and USA scorecards
• New Zealand and Australia
• Asia
• Middle East and Africa
• South America
• Key Blogs
PRESENTATION TITLE 2/11/20XX 3
15. AUDIT
Blog – A new eye on audit quality using Data and AI - https://www.linkedin.com/pulse/blog-new-eye-
audit-quality-using-data-ai-paul-young/?published=t
2/11/20XX 15
16. CORPORATE REPORTING CHALLENGES
PRESENTATION TITLE 2/11/20XX 16
Here is my work on close, consolidate, and reporting -
https://ibm.box.com/s/i7efp948qvb5l8bt96y8sigsup8yes2u
Here is my work on ESG - https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
17. CRISIS AND EMERGENCY MANAGEMENT
PRESENTATION TITLE 2/11/20XX 17
How Data and AI can help better safeguard assets through better
Emergency and Crisis Management Planning and Reporting
Emergency and Crisis Management planning and reporting are
growing important as both public and private sectors look at
better ways to safeguard their assets. This presentation discusses
how organizations can embrace Industry 4.0, monitoring, Data,
and AI as part of defining their policies and procedures when it
comes to business continuity and disaster planning and
reporting.
My video - https://www.youtube.com/watch?v=vyMy6Fnsbcw
My presentation:
https://ibm.box.com/s/oi8wxfsbwea7xfiiy076ki7qrafirobr
18. AUTOMATION /
BUSINESSES
PRESENTATION TITLE 2/11/20XX 18
Here is my latest look at automation including the use of robots and Robotic Process Automation
https://www.slideshare.net/paulyoungcga/automation-robots-and-machine-learning
Blog – How to ensure structural integrity of buildings using better risk management -
https://ibm.box.com/s/rsp6p9tez8uru9fo0wu5d13bxt7rtrr0
Blog - Cobots lead the future of the global industrial robotics market - https://www.linkedin.com/pulse/blog-cobots-
lead-future-global-industrial-robotics-market-young/?published=t
Blog - Almost all workers will be required to learn new digital skills in the next decade -
By the time we hit 2030, almost all workers in the UK (90 percent) will be required to learn new digital skills to do their
jobs, a new report from CRM provider Salesforce and analyst firm IDC argues.
Blog – How to Reform STEM – Education and Training - https://www.linkedin.com/pulse/how-reform-stem-education-
training-paul-young/?published=t
How to improve job quality - https://www.slideshare.net/paulyoungcga/how-best-to-improve-job-quality-for-canadians
19. ESG REPORTING
PRESENTATION TITLE 2/11/20XX 19
Blog - Materiality Question Dogs SEC’s ESG Disclosure Project -
“When it comes to disclosure, investors have told us what they want,” Gensler tweeted in early August. “It’s now time for the
commission to take the baton.”
However, it would be practically impossible for the SEC to require all the above-listed information in one expansive rule. In
addition, though it might please climate change activists, it would alienate issuers and bring heaps of scorn from the business
lobby. More importantly, though, it could violate a bedrock principle of SEC disclosure mandates: materiality.
Disclosures are material when they are reasonably likely to impact a company’s financial condition or operating performance.
Therefore, they are the most important to investors, to use the definition of the Sustainability Accounting Standards Board.
https://www.cfo.com/regulation/2021/08/materiality-question-dogs-secs-esg-disclosure-project/
Here is my work - https://www.slideshare.net/paulyoungcga/introductory-to-esg-and-sustainability-reportingpptx
20. ESG REPORTING
PRESENTATION TITLE 2/11/20XX 20
Blog – Sustainability and ESG Reporting – How best to Manage the Supply Chain to Achieve Net Zero - https://www.linkedin.com/posts/paul-young-
055632b_4-steps-supply-chain-leaders-can-take-now-activity-7038135133589176320-_CHz?utm_source=share&utm_medium=member_desktop
Supply chain is critical aspect of day to day lives. The supply chain itself has many variables as part of taking the goods out of the ground and then getting
the finished product to market.
Here are key challenges that is facing the supply chain management as part of moving to net zero
1.Map your supply chain
2.Identified strategic suppliers
3.Build collaboration between suppliers and business partners partners
4.Align KPIS to a sustainability set
https://www.gep.com/blog/strategy/net-zero-emissions-supply-chain-sustainability
https://www.edie.net/nine-top-tips-for-making-your-supply-chains-more-sustainable-and-resilient/
Additional Links:
Blog - Sustainability and ESG Reporting - Developing key Policies related to Waste and Pollution - https://www.linkedin.com/posts/paul-young-
055632b_waste-management-critical-for-businesses-activity-7038127159349039104-
66VS?utm_source=share&utm_medium=member_desktop
21. ESG
PRESENTATION TITLE 2/11/20XX 21
Blog – Sustainability and ESG Reporting – How best to be a leader in Resource Stewardship -
https://www.linkedin.com/posts/paul-young-055632b_resource-stewardship-activity-7038124098052382720-
JjNS?utm_source=share&utm_medium=member_desktop
Biodiversity - https://www.linkedin.com/posts/paul-young-055632b_what-is-biodiversity-and-how-does-it-
affect-activity-7038115093066223617-CUHj?utm_source=share&utm_medium=member_desktop
GRI
https://w ww.linkedin.com/posts/paul-young-055632b_data-collection-for-gri-biodiversity-standard-activity-
7037785203137789952-4gxk?utm_source=share&utm_medium=member_desktop
Data Management - https://www.slideshare.net/paulyoungcga/how-to-solve-data-management-isuses-for-
both-the-private-and-public-sectorspptx-257454162
ESG and Sustainability Reporting - https://www.linkedin.com/posts/paul-young-055632b_survey-details-data-
officers-priorities-activity-7035607408462749696-_bXQ?utm_source=share&utm_medium=member_desktop
Supply chain - https://www.slideshare.net/paulyoungcga/supply-chain-and-analyticspptx
22. 6/10/2023 22
I have done work on risk and compliance including discussing regulatory challenges like sustainability -
https://www.slideshare.net/paulyoungcga/strengthen-internal-controls-and-compliance-through-data-and-ai-as-part-
of-the-regulatory-and-corporate-reporting-cyclepptx
23. GEOPOLITICAL RISKS
PRESENTATION TITLE 2/11/20XX 23
Blog – How best to manage Geopolitical Events as part of Safeguarding Assets.
Geopolitical risks are nothing new for the public and private sectors as geopolitical risks have been around for
decades. AI and Data can be used as part of mitigating geopolitical risks for both the public and private sectors.
https://www.slideshare.net/paulyoungcga/how-to-mitigate-geopolitical-risks-as-part-of-safeguarding-your-assets
1. Troop withdrawal from Afghanistan
2. Water shortages
3. Political stability
4. Rise of Cybersecurity attacks
5. Mitigating against future pandemics
6. Rise of inflation
7. Supply chain disruption
8. Iran elections
9. Adjusting to the new normal
10.Ukraine invasion by Russia
11.Development of natural resources in a sustainable way
24. WORKING WITH WEATHER SERVICES AND
ANALYTICS
PRESENTATION TITLE 2/11/20XX 24
Blog - Safeguarding Assets through use of Weather Analytics and Vegetation Management
Solutions - ESG and Climate Change - https://www.linkedin.com/posts/paul-young-
055632b_vegetation- TQfV?utm_source=share&utm_medium=member_desktop
https://www.ibm.com/products/environmental-intelligence-suite/vegetation-management
This is a great opportunity for the utility sector to re-look at their asset management through
using vegetation and weather management solutions. Mitigation of risk from climate is
becoming a key focus area for the utility sector.
https://www.slideshare.net/paulyoungcga/electricity-analysis-canada-and-the-oecd-february-
2023pptx
25. AUSTRALIA AND NEW ZEALAND
PRESENTATION TITLE 2/11/20XX 25
The market is trying to pick up the pieces after the surprise RBA rate hike earlier this week. Despite the index
edging higher, six out of eleven sectors finished lower. Tech stocks bounce after several large cap names sold
off 3-5% on Thursday. The bounce was led by Xero (+2.7%), Wisetech (+2.6%) and Altium (+1.4%). Resources
are also trying to bottom, with BHP (+1.3%) closing at a one-month high on hopes of more stimulus from China.
Outside of that, the market remains selective and choppy at best. The ASX is closed on Monday, 12 June for the
King's Birthday. Enjoy the long weekend and I'll catch see you guys on Tuesday.
Economy
China’s inflation was 0.2% year-on-year in May from 0.1% in the previous month.
Below consensus expectations of a rise to 0.3%
Inflation was -0.2% month-on-month, following a -0.1% decline the previous month
China’s producer price index decelerated to -4.6% year-on-year in May from -3.6% in the previous month.
Below consensus expectations of a fall to 4.3%
The fastest rate of price decline in seven years
27. CHINA GDP
PRESENTATION TITLE 2/11/20XX 27
Economists surveyed by Bloomberg now expect China’s gross domestic product to expand 5.5% this year
from a year ago, edging down from a prior estimate of 5.6%. They also said the central bank will likely cut the
reserve requirement ratio for major banks earlier than expected. James Mayger reports on Bloomberg
Television.
33. SOUTH AMERICA
PRESENTATION TITLE 2/11/20XX 33
Latin America’s economies held up well last year despite the shocks from Russia’s invasion of Ukraine
and global interest rate hikes. In 2022, the region’s economy expanded by nearly 4 percent,
employment recovered strongly, and the service sector rebounded from the damage caused by the
pandemic.
Inflationary pressures are receding in many countries due to the early and determined efforts of central
banks as well as lower global prices of food and energy. However, core inflation (that is, excluding food
and energy), remains high at around 8 percent in Brazil, Mexico, and Chile (and somewhat higher in
Colombia but lower in Peru).
34. 1. Blog - Data Breaches Cost Companies $4.24M Per Incident On Average https://www.cfo.com/cyber-security-technology/2021/07/data-breaches-cost-companies-4-24m-per-incident-on-
average/ I have done many blogs on data privacy, protection, security, and data governance: https://www.linkedin.com/posts/paul-young-055632b_what-is-data-fabric-activity-
6826126720932941824-08Zb
2. SEC may require climate risk disclosures in expanded 10-Ks: Gensler -
https://www.linkedin.com/feed/update/urn:li:ugcPost:6826481598666567681?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28*%2Curn%3Ali%3AugcPost%3A682648159866656
7681%29
3. Blog – What is new for regulatory reporting and the accounting standards - https://ibm.box.com/s/x973uioy6ozwkzw7yvqaa07wdldp8gld
4. Blog – Insurance and Climate Change - https://www.linkedin.com/posts/paul-young-055632b_how-do-you-insure-yourself-against-climate-activity-6823919255478792192-Zq7f
5. Blog - Top 8 Supply Chain Technology Trends for 2021 - https://www.linkedin.com/posts/paul-young-055632b_top-8-supply-chain-technology-trends-for-activity-
6826091811476516864-dvAx
1. Hyperautomation
2. Digital Supply Chain Twin (DSCT)
3. Immersive Experience and Applications
4. Edge Ecosystems
5. Supply Chain Security
6. Environmental Social Governance (ESG)
7. Embedded AI and Analytics
8. Augmented Data Intelligence
6. Blog - Cyber Attackers Could Weaponize Operational Tech to Harm Humans - Companies can reduce risk by implementing a security control framework.
https://www.mhlnews.com/global-supply-chain/article/21170603/cyber-attackers-could-weaponize-operational-tech-to-harm-
humans?utm_source=IY+IW+QM+News&utm_medium=email&utm_campaign=CPS210723103&o_eid=7930I4506489J2B&rdx.ident=%5Bobject+Object%5D&oly_enc_id=7930I45064
89J2B
1. Blog - Improving cybersecurity means understanding how cyberattacks affect both governments and civilians - https://www.linkedin.com/pulse/blog-improving-cybersecurity-
means-understanding-how-paul-young/?published=t
PRESENTATION TITLE 2/11/20XX 34
35. SUMMARY
• Summary
• Concerns over housing debt and affordable
housing are driving down markets
• Access to critical metals has become a
growing concerns for countries trying to shift to
cleaner economic policies
• Lack of focus on systemic issues with inflation
• Supply chain disruptions continue to plague
global supply chains
• High inflation is challenge for global central
banks
• Threat of recession continues to rise each
week
• Bear market could lead to issues with pension
solvency
PRESENTATION TITLE 2/11/20XX 35
Blog – Stock Market Analysis for the Week-Ending June 9, 2023
The S&P 500 is up about 20% from its mid-October lows, a threshold that could
indicate a new bull market.
The economy has defied expectations for a slowdown in the face of higher
interest rates. Central banks are taking notice, with the RBA and BoC surprising
markets with more tightening.
We think the foundation of a new bull market is formed, but an economic
slowdown is still possibly ahead of us. Pandemic distortions have made this cycle
unique by delaying, but likely not cancelling, the impact of higher rates.
The upcoming CPI release and Fed meeting are likely to set the tone for the
remainder of the summer.
We would view any renewed phase of volatility as an opportunity to position for a
more sustainable rebound that is likely to have broader shoulders than what we
have currently seen.
We recommend investors stay close to their strategic, long-term allocation for
most asset classes that make up a well-diversified portfolio, including bonds
which offer historically attractive yields.
Source - https://www
.cnbc.com/2023/06/08/stock-market-today-live-updates.html or
https://www
.edwardjones.ca/ca-en/market-news-insights/stock-market-news/stock-market-weekly-
update
Other sources and analysis
Lithium - https://www
.fastmarkets.com/insights/chinese-lithium-prices-strengthen-on-stable-demand
Oil Product
ion - https://www
.offshore-energy
.biz/what-impact-will-opec-cuts-have-on-global-and-u-s-
oil-gas-product
ion/
LNG - https://www
.reuters.com/business/energy/us-burns-more-natgas-wind-power-drops-canadian-
wildfires-cloud-solar-2023-06-09/
Manufacturing - https://www
.manufacturingdive.com/news/NAM-q2-outlook-survey-manufacturers-
anticipate-a-recession-economy-regulation/652564/
Inflation - https://www
.bnnbloomberg.ca/fed-is-first-to-reach-crucial-junction-in-global-inflat
ion-fight-
1.1931316
Source - https://www.geopoliticalmonitor.com or https://publicsectornetwork.co/insight/5-ways-to-reimagine-procurement-in-the-new-normal/ or https://www.foreignbrief.com/