Dear Valued Client,
Equity markets started the month strong as economies around the world started to re-open. However, as COVID-19 cases in the U.S. started to rise, volatility in the markets also spiked.
We believe that a pullback at this point is not really surprising and indeed necessary for the markets to build up energy for a full resumption of the secular bull market, but how substantial the pullback will be remains to be seen. We do not think that it should be too severe since the market is forward looking, and after the current bad news is digested, optimism should return once again.
We remain focused on the longer term and we are invested with the view that there is a high probability equity prices will be higher this time next year.
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.
