Monthly Newsletter: Portfolio Advisor - July 2023

July 13, 2023 | de Mello Wealth Management


Finances Family Future RBC Wealth Management Canada

Global Insight 2023 - Midyear Outlook

The resilient U.S. economy has continued to avoid a recession, but for how long? Meanwhile, the Federal Reserve’s interest rate plans amid nagging inflation stand to hold sway over markets as the rest of the year unfolds. This special 2023 Midyear Outlook showcases RBC Wealth Management’s unique perspectives that can help to navigate the road ahead while identifying the catalysts and opportunities to optimize portfolios.

Rallies, recessions, and realistic thinking

While the S&P 500’s surge over the past nine months has rekindled investor optimism, it doesn’t feel to us much like the start of a new bull market, but rather much more like the last leg of the current rally. Whichever it is, the market is certainly in a different place today. While this advance should have further to go into the summer, the economy will likely set the market’s path for the coming 12 months.

The “year of the bond” hasn’t been much of a year at all

While it’s been an underwhelming year for bonds, yields have rarely appeared more attractive and we look at what this unique position spells for investors.

U.S. recession scorecard: On the path to a U.S. recession

The strong May payrolls report did not stop the unemployment rate from surging to its highest point in this cycle. Our overall analysis of leading economic indicators continues to suggest a recession is approaching.

Regional commentary

Our regional analysts present their views of equity and fixed income markets, currencies, and commodities, as well as how to position portfolios.

Read More Here >

Advice Event: Economic & Market Outlook

Recession, Inflation & Interest Rates….and Opportunities

When: Thursday, July 27th @ 12:00pm – 12:30pm PST

Where: Virtual Event - Hosted via Cisco Webex

Guest Speaker: Jim Allworth, Chief Investment Strategist

Please join us for this timely advice event, featuring Chief Investment Strategist for RBC Dominion Securities, Jim Allworth. We will be discussing what has transpired in the economy and markets over the past year, and what to expect moving forward. We will also share specific measures that we are taking within our own portfolios to ensure clients are properly positioned to take advantage of market opportunities, while also maintaining a slightly defensive posture.

RSVP Required – Please click here to register >

Audio: Insights on the Economy, Markets, and Matters Beyond Wealth

RBC Global Asset Management: Economic Outlook – Summer 2023: Chief Economist Eric Lascelles shares his perspective on the health of the U.S. banking system, the risk of recession, generative AI and more.

The 10 Minute Take: Grocery Inflation: What’s causing prices for food to stay high? And moving forward, what are some of the challenges that will continue to put pressure on food prices in the next decade?

Matters Beyond Wealth – Art: Planning for the future of your art collection in your estate

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This information is not investment advice and should be used only in conjunction with a discussion with your RBC Dominion Securities Inc. Investment Advisor. This will ensure that your own circumstances have been considered properly and that action is taken on the latest available information. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This report is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities. This report is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. The inventories of RBC Dominion Securities Inc. may from time to time include securities mentioned herein. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ®Registered trademarks of Royal Bank of Canada. Used under license. © 2022 RBC Dominion Securities Inc. All rights reserved.