Based on the accumulation of the events ratings from global economic calendar we may see a down trend in the global economy. The USA activity is on a down trend and it still has a positive rating, whereas Canadian activity is on an up trend as can be seen in the left figure. Based on technical analysis we can see a decrease in the speed of price increase in most of the indexes. Only 2 from 10 sectors have now maximum rating. Technology (in the middle fig.) is one of them and Microsoft (right fig.) is part of it. The sector has buy rating for the last year and Microsoft is at all times high.