Good afternoon,
I hope you are enjoying these lovely days of fall with the leaves turning to the beautiful colors of red, orange, and yellow. Along with the change of seasons we have experienced in the last week (stay warm Alberta!), the theme of change can be found in headlines around the world.
Students in over 150 countries staged demonstrations, school strikes, and rallies last week as part of the Fridays for Future movement; a call to action for governments around the globe to do more in fighting climate change.
In the United States, there was a change of course for the Democrats, who have now launched a formal impeachment inquiry into President Donald Trump. The impeachment process can be expected to last between several months and a few quarters. While the prospect of the removal of a president is newsworthy and politically impactful, history has shown little to no correlation between impeachment proceedings and stock market performance. We believe that economic conditions and corporate earnings will be the driving forces behind market performance as we look ahead.
For further perspective, please enjoy the October 2019 Global Insight and this week’s Macro Memo from Eric Lascelles. Eric’s comments cover the following topics: impeachment, updates on the Canadian election, Brexit, and fiscal stimulus.
Warm Regards,
Rhonda Hymers & Hymers Wealth Management Group
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It is always the simple that produces the marvelous.
- Amelia Barr -