So many things to cover and comment on. What a trying few years it’s been: just as things seem to be improving on the Covid front, as things open up, we are now faced with many weeks and months of headlines dominated by the Russian invasion of Ukraine. I found the internal RBC overview very useful, to at least provide some framework of all the implications, and the link is at the bottom.

 

From an investment perspective, I have been reaching out to many of you, and will be in touch with everyone in the next week to go over your portfolios and discuss how we are feeling, and changes to be made.

 

I do want to highlight two charts:

 

First, there hasn’t been anywhere really to “hide”, rather just relative “not so poor” sectors:

 

 

Second, some might view an armed conflict as a net long-term negative to a portfolio and your investments. As hard as it is, perhaps rationalize this, when viewed on a historical basis, an armed conflict does bring about a downturn in the market. We just can’t panic, (or predict a bottom), but also need to be mindful that not all sectors and companies will all react the same on the way down, as the market inevitably recovers.

 

Geopolitical sell-offs are typically short-lived:

 

 

Apologize for the length of this week’s Post.

 

Below is the link I mentioned. Now if only the Baseball World would get their act together, and allow my beloved Blue Jays to return to the field, and commence their decade long domination in Baseball, with at least 2 World Series Championships…

 

 

I'm pleased to share RBC Wealth Management's latest investment newsletter.

 

European Union: Cohesion amid adversity

 

The Russian invasion of Ukraine puts lives and livelihoods at risk. It may also have consequences for the global economy. We focus on how it could impact Europe’s recovery and look at some of the profound policy changes taking place in the EU as a result of the war, with an eye to positioning European equity investments.

 

Regional developments: Choppy U.S. market as investors look to weather geopolitical unrest; Bank of Canada follows through with a 25 bps hike; Assessing Europe’s equity market fallout post invasion; Asian stocks fluctuate on Russia-Ukraine conflict

 

Please take some time to review the Global Insight Weekly.

 

Feel free to contact me with any questions and/or to discuss investment ideas.

 

I appreciate the opportunity to serve you and look forward to continuing to help you accomplish your long-term financial goals.