Good afternoon,

 

A sharp drop in markets can quickly transfigure mundane financial news into serious real-life drama. Thinking back, upbeat days don’t get draw anywhere near equal weight in our psyche as the bad ones do, even though good days far outnumber (and outweigh) the bad. This is a strange dichotomy at the heart of long-term investing. Since these can be important inflection points, we’ve beefed up today’s email with several items, much of it weekly, monthly, periodical-ish, but all of it more salient than usual – everything is after a few tough days.

 

Although I’ve shared this chart before, (it’s a few weeks old) it’s worth another look today, to reinforce the idea that troughs tend to end with decent upticks:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Episodes of volatility can be characterized by indiscriminate selling across all assets, regardless of quality. This can present investors with opportunities to add to existing holdings or build new ones.  We continue to explore these.

 

More to read or watch: There’s no exam here, so ingest the following as you wish, but here’s a few more menu items to consider taking a look at:

 

A short video (5 ½ minutes) Fixed Income Investment Outlook Summer 2022 -  Dagmara Fijalkowski and Dan Mitchell

Investment Outlook Summer 2022

 

A longe video (12-min): Investment Outlook Summer 2022 video - Dan Chornous https://www.rbcgam.com/en/ca/article/global-investment-outlook-summer-2022-video-dan-chornous/detail

 

A good long read: Investment Outlook Summer 2022 video - Eric Lascelles-  https://www.rbcgam.com/en/ca/article/global-investment-outlook-summer-2022-video-eric-lascelles/detail

 

A shorter read: Our most recent weekly update on events impacting worldwide markets touches on:.

• Tough choices for the Fed. We look at the difficult choices facing policymakers, and what could drive policy changes.
• Regional developments: Canadian markets are pricing in more rate hikes; U.S. equities appear to be following last month’s playbook; Soaring yields prompt an emergency European Central Bank meeting; Hedge funds take positions against Bank of Japan yield-curve control

 

More Here: Global Insight Weekly

 

 

I’m on the road seeing clients this week, but available off and on if you need to contact me with any questions.

 

Enjoy the rest of your week!

 

 

Mark