Dear Valued Client,
Equity markets on the whole trended higher in August with the S&P 500 setting all-time highs again. While the equity indices are still being led by a handful of stocks, there have been signs that the downtrodden general market is starting to trend up as well. Canadian banks, for example, have made substantial gains this month, outperforming most other sectors. As we have an overweight position in Financials, we are hopeful that this trend continues.
Looking forward, the next couple of months could see some volatility. However, a pullback in the markets would be healthy at this point. Our view is that the next pullback in the markets would be contained as a correction and not the beginning of a substantial downtrend.
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.
