Monthly Newsletter: Portfolio Advisor - August 2023

August 09, 2023 | de Mello Wealth Management


Finances Family Future RBC Wealth Management Dominion Securities

Global Insight Monthly - August 2023

I am pleased to share the latest investment strategy report from RBC Wealth Management — Global Insight, which provides our current thoughts on asset classes, the economy, and timely issues that impact investment strategy.

Global equity: A runaway rally

The equity market’s climb from the October 2022 lows has continued for much longer and further than many expected. It may have further to run. But with leading indicators turning increasingly negative and macro headwinds strengthening, we think the time for investors to consider repositioning is drawing closer.

Global fixed income: As temperatures rise, so too do yields

As global inflationary pressures continue cooling, we may have seen the last of major global central bank rate hikes for this cycle. And with global bond yields again on the ascent, is a window of opportunity for investors being extended?

U.S. recession scorecard: Status quo

There have been no changes to the recession scorecard indicators so far this summer, but that doesn’t mean a recession is not forthcoming.

Read More Here >

Advice Event: Artificial Intelligence 

Understanding the basics, practical usage & investment implications

When: Thursday, September 28th @ 12:00pm – 12:30pm PST

Where: Virtual Event - Hosted via Cisco Webex

Guest Speaker: Sarah Johnson, Ph.D, TEP, LL.M, JD, CFP VP High Net Worth Planning Services

Please join us for our next advice event, featuring special guest Dr. Sarah Johnson. We will discuss the basics of Artificial Intelligence (101), the practical applications of this technology, and the longer-term investment implications and opportunities.

Dr. Johnson is a VP for RBC Wealth Management – Family Office Services and is a recognized expert in digital assets. She is a licensed California Attorney, Co-Chair of the STEP Digital Assets Interest Group in London, UK , active member of the International Bar Association, the U.S. Board of Professional Advisors of International Art Market, the Art and Law Institute in London, United Kingdom, and the Art Law Center in Los Angeles. She has completed several certifications in art taxation, planning and transactions management from Sotheby's Institute of Art in New York and the European Institute for Innovation and Sustainability in Rome. Sara specializes in international estate planning, art collection and digital legacy planning in ultra-high-net-worth families in developing their wealth and legacy plans.

RSVP Required – Please click here to register >

Video / Audio: Midyear Market update 2023

In case you missed it: Video Replay

“If there is no U.S. recession on the horizon, give equities the benefit of the doubt.” --Jim Allworth

Every bear market for stocks has been associated with a U.S. recession for more than 100 years. Our leading indicators now suggest that a U.S. Recession on the horizon. A cautious, quality focused approach becomes even more important.

Joined by Chief Investment Strategist for RBC Wealth Management, Jim Allworth, we discussed the current market outlook for the remainder of 2023 and into 2024. With a recession potentially on the horizon, we also discussed current portfolio positioning and potential opportunities.

Video Replay available Here >

Special report: Canadian Housing

Real estate action dims in Ontario and BC but Prairie markets keep on rolling

Signs of cooling activity in some of Canada’s largest markets are consistent with our view that the spring rebound was premature, and will taper off further amid high interest rates, ongoing affordability issues and a looming recession. We think the path ahead is more likely to be slow and bumpy, with the recovery gaining momentum when interest rates come down—a 2024 story.

Read Full Article Here >

Community: Book Profile

Living In Interesting Times: The early seafaring years of Lt. CDR J.C. Marston, RCN, CD, DSC (RET’D)

Another great book published by one of our valued clients, Joseph C. Marston - A memoir of his fathers experience as a sailor from the start of the great depression until the end of the second world war in 1945.

“Sail along with Joseph Charles Marston Sr as he comes of age on the sea from the start of the Great Depression until the end of the Second World War in 1945. Veterans, their families, and history buffs enter the sea bound arenas of one of the most fascinating and historically significant eras in modern history through his meticulous diary entries. There are memorable characters as he matures and describes people, far off ports of call and memorable moments. As history would have it, the future Lt. Cdr. Joseph C. Marston RCN, CD, DSC was there to add it to his richly detailed record of practical and historical knowledge from a sailor’s unique perspective for us to experience and enjoy.” - Excerpted from book review by Helena Kaufman, The Afro News

Learn More Here >

Privacy & Security | Legal | Accessibility | Member-Canadian Investor Protection Fund

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.