Dear Valued Client,
Equity markets continued to rally in February on a steady flow of reports that U.S.-China trade negotiations were progressing well. Sentiment is good, but we are cautious because the markets are very overbought and any adverse news could cause a sharp decline.
A correction of this rally can be expected as well if a trade deal is signed, as we suspect major market players will take advantage of the good news to take profits. Once there is some consolidation of this sharp rally, the markets should be in a much healthier condition and a sustainable resumption of the long term uptrend can be expected. At this point, our portfolios have recovered almost all of the losses from the fourth quarter of 2018 and most are near all-time highs.
At this point in time both our portfolios and our managed mandates are once again approaching new highs.
As always, if you have any questions or wish to discuss whether any of the mentioned investments are suitable for you, please do not hesitate to call us at 604-658-3043 or email.
Best Regards,
Ron Aloni / Alan Goh / Jason Chen
This commentary is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter and is provided for your information only. Every effort has been made to ensure the accuracy of its contents. The views contained herein do not necessarily constitute the views of Leede Jones Gable Inc. Leede Jones Gable Inc. is licensed as an investment dealer in every Canadian Province and Territory and is a member of the IIROC and the Canadian Investor Protection Fund.
