Dear Valued Client,
The restless rotation continued in March with financials making big gains again. Industrials were generally firmer as well, while tech and resource stocks were weaker. Speculative growth stocks, many of which had discounted their business prospects 200 years into the future, continued to sell off.
Notwithstanding the rotational activity, the markets in general have been getting very frothy and we are wary of an overall correction that is more substantial in nature. As such, we have slightly lowered the risk profile of our portfolios. This was done for rebalancing purposes as well. While returns are important, one must not forget that managing risk to align with investment objectives is paramount.
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.
