Dear Valued Client,
Equity markets continued to generally drift higher during the quiet months of summer trading. The imminent rate cut by the Federal Reserve is the main supporting factor counteracting expected slowdowns in corporate earnings growth and the economy, while the resumption of U.S.-China trade negotiations have also provided some market stability.
Our portfolio values are generally drifting higher amidst this backdrop and should continue to do so as the summer doldrums continue into August. However, we are wary of a possible downdraft that may hit the equity markets over the next few months and therefore maintain a slightly conservative stance in our equity positions.
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.
