Weekly Insights

Feb 05, 2018 | Ronald J. Wilcock


Share

February 5, 2018 - Insights into the equity, fixed-income, currency and commodity markets from RBC Wealth Management.

Wow! What an incredible Super Bowl game! It was one of those games that was much more exciting than the halftime show. Even if you are not a football fan, it was fun to watch!

 

This Past Week; Global markets were down significantly last week with North American markets experiencing some of the largest drops. The TSX and SP500 were – 3.9% and the Dow was – 4.1%. The fear of rising interest rates and bond yields appears to be at least partially responsible for the volatility. We still see the US and Global economies as being in a good growth mode. Markets have opened a little negative this morning. Should this continue to turn into our long expected correction, we see it as a buying opportunity.

 

2017 – The numbers are in and it was another fantastic year of results for our Proprietary Guided Portfolios! The RBC DS system of, by far the most and the best analysists, along with the highest level of Wealth Management offerings in the industry, then combined with a 34 year track record of Outperforming the Markets/Benchmarks, is unmatched in the industry and continues!

 

 

2018 – Our analysits see a very low chance of recession historically speaking. While we never know what can happen, at this point our main recessionary indicators are not even yellow never mind red. We are all green for go or growth. One of my favorite and most seasoned analysts, DS Portfolio Strategist Jim Allworth, likes to say we can predict recessions but, we can’t predict pullbacks. They are a normal part of a Secular Bull Market. Given everything we know at this point in time, we wouldn’t be surprised at all to see a normal market pullback in 2018 (especially since we did not have one in 2017). We would expect though, that it will be a buying opportunity and markets would move upward and onward from that. There are certainly no promises, guarantees, or assurances. There are different geographical regions and markets, and potential uncertainties so we never know what regional markets and the year will give us. Having said that; our analysts believe we should give equities the benefit of the doubt.

 

Global Insight WEEKLY

Free fall or finding a floor?

February 1, 2018

 

The Weekend/Weather; It looks to be a seasonably cold week with some snow today, Wednesday, and on the weekend.

Have a great week!

 

My team provides a proven, comprehensive approach to wealth management for business owners and families. Should you know of any friends, family, or associates whom you think would benefit from our professional services, it would be my pleasure to talk with them to learn how we can help. Please click Here to contact us.