“I believe that a simple and unassuming manner of life is best for everyone, best both for the body and mind”
- Albert Einstein
We are more than half way through the year 2019, and it’s certainly been a year of upheaval already. Recalling how tough 2009 was 10 years ago, and being a bit of a history bug, I started thinking that maybe some numerology comes into play with the markets.
So I went and looked back on the years to jog my memory, and here’s what it looks like:
- 1929 – Randomly started here because I know it was the year of the greatest stock market crash in history and a precursor to the Great Depression
- 1939 – World War II began
- 1949 – The Cold War ramped up as the Communist party took over China and the USSR tested their first nuclear bomb. NATO was formed in April 1949
- 1959 – Cuban Revolution and Fidel Castro takes over. Too close to home for too many Americans
- 1969 – As a music fan – Woodstock … but was also the year Neil Armstrong stepped on the moon, the Manson murders, Nixon became President, Vietnam protests… yeah… I’d say that’s a lot of turmoil
- 1979 – The Iranian Revolution/Iranian Hostage crisis and Margaret Thatcher became PM of the UK
- 1989 – Tiananmen Square, the Velvet Revolution in Czechoslovakia, George W. Bush became President, Berlin Wall fell
- 1999 – Bill Clinton almost impeached, the EU formed, Y2K scare, and the top of the “Dot Com” market
- 2009 – Barack Obama becomes President, the “Great Recession”, Subprime Meltdown
- 2019 – So far? US/China trade war, conflict with Iran, the USA divided more than ever, Pot legalized in Canada, Argentinian market collapse
Now do you believe me? Just sayin’.
If history rhymes, it may be an interesting back half of 2019.
Stay tuned,
Vito Finucci, B.COMM, CIM, FCSI
Vice President and Director, Portfolio Manager
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. © 2016 RBC Dominion Securities Inc. All rights reserved.