The US markets had a rough Monday August 5th, experiencing the largest one day drop in 2019. This was on the back of news that China allowed its currency to decline through key support levels.

One of the great things about being at RBC Dominion Securities is that our various teams publish timely and informative articles to assist us in wading through these turbulent waters. The note put out this morning by RBC Capital Market’s Chief US Economist in New York is no exception. He starts off by saying, “Once again the market has arrived at the wrong conclusion…”. I encourage you to read the full piece attached, to familiarize yourself with why this is not the time to throw in the towel.

My clients are well positioned to weather this latest round of volatility. If you’re reading this and you’re not a client, please reach out and I’ll be happy to give you a complimentary portfolio review.

Now get out there and enjoy the rest of your summer!

Libby

 

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