Dear Valued Client,
Equity markets were choppy and generally directionless this month as the highly contentious and unpredictable U.S. election draws near. Amidst this uncertainty, we remain invested for the long term; we raised cash levels slightly for some portfolios and also allowed cash from distributions to build up. We will be looking to deploy this cash after the election.
The pandemic remains the biggest concern for the markets as the number of cases continue to sharply increase globally. While this is a major bearish factor for the global economy and equities in general, it is one that is temporary; at any time, a solution on the vaccine front could remove this bearish factor right away. Economies and businesses have begun to adapt to the current situation as well, and there has been and will continue to be fiscal stimulus to combat the negative effects on a global scale. As such, our strategy is to continue to patiently invest for the post-pandemic world.
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.
