Dear Valued Client,
The resolution of the preliminary U.S.-China trade deal provided the boost the U.S. equity market needed to confirm the breakout to new highs and embark on a new intermediate term uptrend. The Canadian market, however, is showing signs of sluggishness despite making new highs. Although it will probably push higher over the last few trading days of the year, it does seem that the TSX will continue to underperform the U.S. indices next year.
However, this may not necessarily be a bad thing as the gains of this year is unlikely to be repeated, and the U.S. market is quite over-extended in the short term. A correction is probably in the offing in the first quarter.
From all of us at Aloni & Goh Portfolio Managers, we wish you a happy new 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.
