Dear Valued Client,
Equity markets somewhat recovered in April from the extreme selling pressure last month. One thing to note is that the indices can be misleading in regards to the extent of the rebound. A large portion of the gains in indices have come from “pandemic stocks,” i.e. sectors and companies which benefit from the crisis. The other sectors have rebounded as well, but to a much lesser extent. As we are invested for a return to normalcy as opposed to a short-term view of positioning for the current situation of the pandemic, our portfolios have not rebounded as much as the indices would suggest.
We believe that investing is a long term, optimist’s business. During periods of volatility and turmoil, one must remain optimistic that mankind has always and will always overcome adversity, and so will the equity market. As investors, maintaining a patient and long-term mindset is extremely important.
The path to the world we knew will be rocky and often shrouded in shadows of uncertainty, but we will eventually get there and everything will be alright in the end.
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.
