Weekly Insights

Mar 26, 2018 | Ronald J. Wilcock


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March 22, 2018 - Insights into the equity, fixed-income, currency and commodity markets from RBC Wealth Management.

Last week was an anxious period for equity investors as the week started with news of a data breach at Facebook resulting in its stock retreating 10% over the course of the week. As Facebook is one of the largest components of the S&P 500 and privacy concerns affect a number of large organizations, the news was felt broadly.

The week was capped off with escalating fears of a trade war between the United States and China as they announced new actions against one another. While these events suggest equity investors may experience more volatility in the short-term, solid earnings growth provides the potential to maintain the ongoing bull-market.

 

 

Tax Packages; Tax packages have been sent and additional print runs of T3/T5013 packages will follow until all tax information and amendments from external issuers have been received.

 

This Past Week; The events as played out above caused the biggest one week drop in markets since January 2016 with TSX down – 3.1%. US markets felt the impact more with the DOW and the SP500 down -5.7% and -6.0%. World markets were broadly negative as well. As we have been maintaining we believe this volatility provides buying opportunities and patience will be rewarded.

The Weekend/Weather; We experienced the first day of spring last week and the weather continues to improve seasonally as it should.

Hopefully you are able to take the opportunity to enjoy the outdoors this week.

 

Global Insight WEEKLY

The opening salvo?

March 22, 2018

 

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This information is not investment advice and should be used only in conjunction with a discussion with your RBC Dominion Securities Inc. Investment Advisor. This will ensure that your own circumstances have been considered properly and that action is taken on the latest available information. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This report is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities. This report is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. The inventories of RBC Dominion Securities Inc. may from time to time include securities mentioned herein. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ® / TM Trademark(s) of Royal Bank of Canada. Used under licence. © 2018 RBC Dominion Securities Inc. All rights reserved.