Diane and I spent some time this weekend getting ready for the arrival of the whole gang. We are really looking forward to having everyone here and to the great milestone of our long time family friend’s wedding celebration. Then we expect to have a fairly calm long weekend to recuperate.
This Past Week and more; Global markets were mixed last week with the battle of economic growth and earnings reports vs. geopolitical issues. Across the border the SP500 and DOW were 0.0%, and 0.2% respectively, while at home the TSX was -0.8%. Markets were flat yesterday due to Iran and Trump exchanging threats. So far 91% of the S&P 500 co’s reporting have beaten expectations, while 79% have beaten on sales - % beating is at historical highs. We have some of the major tech co’s reporting this week. Let’s hope for similar results and calm world issues. If investors can keep some perspective on Trumps tactics; we may see markets run up a little more, as they should be based on the actual metrics we are seeing.
We have been making portfolio adjustments accordingly and it has been serving clients well. If you have questions about your portfolio, or have not had a meeting about our very successful PIM – Private Investment Management – solution. Please contact myself or my associate Thao to receive more information and/or set up a meeting.
The Weekend/Weather; The 7th Annual Rock and Roll Rumble takes place Saturday from 5-11 pm at Carl Zehr Square in Kitchener. Live music featuring Honeymoon Suite and Northern Pikes; food trucks and craft brewery, hundreds of custom and vintage motorcycles, are all featured. For more information, visit http://www.kitchenerevents.ca/whats-on/events?eventID=152
After some much needed rain the past few days, we have the strong possibility of more for the remaining weekdays. Promises at this point though are for a pleasant Saturday and Sunday with some sun and mild weather.
Have an enjoyable week and weekend!
Global Insight WEEKLY
Focusing on the other “Big 3”
July 19, 2018
Global Insight Monthly
European equity downgrade: Continental drift
July 2018
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. Contact Us Here to be added to our Weekly Newsletter or to ask for a complimentary portfolio review.
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.