Jason Chen

Dear Valued Client, Equity indices in North America stayed at or near all-time highs for most of July with a few attempts at a more significant correction attracting strong buying…

Dear Valued Client, Equity markets kept grinding higher in June, with yet another attempt at a mid-month correction stopped in its tracks by strong buying at the dip. The restless…

Dear Valued Client, Equity markets were a mixed bag this month with speculative growth stocks continuing their bear trend while financials marched higher into record highs. There was an attempt…

Dear Valued Client, Equity markets generally edged higher in April and rotational activity was still very evident throughout the month. Financials continued to be strongly bid, with most of the…

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.

Equity markets surged in November on positive vaccine news. Cyclical sectors were the biggest gainers while the pandemic stocks corrected sharply. Of note, our most heavily weighted sector, Financials, made spectacular gains. This is exactly the situation we have been waiting for, and our patience is paying off. We are well positioned, and we expect this uptrend to continue.

The pandemic remains the biggest concern for the markets as the number of cases continue to sharply increase globally. While this is a major bearish factor for the global economy and equities in general, it is one that is temporary; at any time, a solution on the vaccine front could remove this bearish factor right away. Economies and businesses have begun to adapt to the current situation as well, and there has been and will continue to be fiscal stimulus to combat the negative effects on a global scale.

As anticipated, equity markets started a corrective phase in September. While this phase may still have another month or so to go, there may not be much downside in October. The election is at the forefront of the markets’ concern at the moment and, until the outcome is known, the markets are unlikely to move significantly either way.

Equity markets on the whole trended higher in August with the S&P 500 setting all-time highs again. While the equity indices are still being led by a handful of stocks, there have been signs that the downtrodden general market is starting to trend up as well.