Dear Valued Client,
Equity markets moved to new highs this month, with momentum in the U.S. market stronger than the TSX. The TSX just managed to nudge into new all-time highs, but seems to be struggling in the bid to establish a new intermediate uptrend. We are optimistic that it will eventually find some momentum over the next week or so, during this seasonally strong period in the stock markets.
We are nicely positioned for this breakout and we intend to maintain this stance through to early next year, when we will probably reduce equity exposure in anticipation of possible turbulence ahead of the U.S. elections.
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.
