Happy Friday from BMWM!

Wishing everyone a wonderful weekend and a Happy Father’s Day!  We are also looking forward to the official first day of summer coming June 20th, 2024!

Our bi-weekly newsletter covers the topics of inflation and interest rate cuts that have made headlines as the U.S federal reserve reduced its projected interest rate cuts to just one cut this year versus the three that were earlier expected. It also talks about the labour markets and employment.  You will find this article attached.

While markets were down slightly this week, certain sectors still outperformed.  The MAG-7 are still producing most of the growth in the U.S markets year to date.  This past week, Nvidia completed a 10-for-1 stock split, and has experienced better than expected growth than targets set by many analysts.  For this reason, our disciplined process would have us trim profits gradually and we will continue to do so.

Longevity: Emerging technological advancements are driving innovations all around us, transforming how we live, work, and interact with one another, today and in the future. RBC Wealth Management’s new “Innovations” series examines these agents of change and how they can open up compelling investment opportunities.  We have included an article that outlines these ideas on a broader and more in-depth level.

The Current Account (click here to read) covers Canadian uranium emerging as a precious commodity, the Group of Seven using profits from frozen Russian assets to help Ukraine, a one-billion dollar cat-declawing business facing repercussions, and Taylor Swift’s concerts triggering earthquake readings in Scotland.

 

Have a nice weekend,

 

Brenda, Betina, Taylor, Matty and Jacob