Dear Valued Client,
Equities generally edged higher in December as the seasonally strong period of the year prevented a correction of the markets’ overbought condition. Sector rotation was active throughout the month as market participants adjusted positions after a tumultuous year. In our portfolios, we made very slight adjustments and we remain positioned for this next leg up in the secular bull market.
There is potential for some volatility in January, but we don’t see much to worry about as the danger lies mostly in the speculative stocks that have been popular among the new investors who see stocks as bets rather than investments.
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.
