To my clients:
It was a down week for North American stock markets with the Canadian TSX finishing down 0.2%; the U.S. Dow Jones Index finishing down 2.9%; and the U.S. S&P 500 finishing down 2.9%.
Well, last week’s update certainly generated lots of feedback. Thank you to those who took the time to comment. Honestly, little has changed in the last 7 days, as markets remain unsettled in the face of a U.S. Fed intent on raising rates further. As such, I’ll simply suggest clients take a look once again at last week’s update if they are so inclined. Here is the link: Fed Speak Remains Aggressive; But I Suspect the Bark is Greater than the Bite
Next week, being the first of a new month, will see the usual “Big 3” economic releases. I’m sure I will have more to say then.
All the best,
Nick
Nick Scholte, CIM, FCSI
Senior Portfolio Manager
Scholte Wealth Management
RBC Dominion Securities Inc. │ Tel: 604.257.7569 │ Fax: 604.235.9950
3200-1055 West Georgia │ Vancouver, BC │ V6E 3P3
Toll Free: 1.844.665.9900 │Email: nick.scholte@rbc.com
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