Dear Valued Client,
Equity indices are near or at highs again after Trump and Xi’s meeting at the G20 provided reassurances trade tensions would not be escalating in the near future. Whether this results in a convincing leg up in the secular bull trend remains to be seen.
There are a few serious headwinds for equities, namely a slowing global economy and declining corporate profit growth. Trade tensions could also escalate rapidly at any time, as we have seen over the past couple of months.
Our portfolios have shown nice returns thus far this year and given the uncertainties in fundamentals at the moment, we are sticking with a cautiously bullish stance.
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.
