Summer investment volumes in public markets are usually much thinner than what we otherwise see throughout the year. With thinner volume comes the prospect of higher volatility which can amplify moves in the market.
Now, yesterday while Canadian markets were dark, the global stock market (most notably the US major averages) took a bit of a tumble on the latest trade salvos between the US and China. There were many articles published into, and after the move, but the attached summary from our Portfolio Advisory Committee offers some excellent perspective. I have attached it here for you to read.
Summarized neatly, I would not panic. We have gradually positioned the portfolio to be more income and value oriented over the past 12 months, and that will continue. I welcome any discussions, and urge you to call me so we can discuss if you wish.