Weekly Insights

Sep 11, 2018 | Ronald J. Wilcock


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September 6, 2018 - Insights into the equity, fixed-income, currency and commodity markets from RBC Wealth Management.

We had the chance to hear RBC DS’s; Jim Allworth - Portfolio Strategist, Dan Chornous - Chief Investment Officer, and Eric Lascelles – Chief Economist, all give quarterly updates last week. I will sprinkle in some of their insights over the next little while but, basically it re-enforces the information I have been echoing to you; the US economy is growing and our recession indicators are showing green lights - low risk of recession. They do expect heightened levels of volatility and challenges. Markets may not be so easy as buying an ETF and sitting back over the next while. But, with some knowledge and skill, based on the information we know right now, there could be some good opportunities over the coming while.

 

This Past Week and more; Heightened volatility you say? Most equity markets were down last week. International markets have struggled this year especially China, partly due to trade tariff concerns. In North America the Canadian TSX and SP500 were down -1.1% and -1.0% on the week. Both have pulled back a little, taking a breather after recently, finally, catching back up and surpassing their end of January highs. The DOW, which has still not quite caught up to its early year high, was only down -0.2% for the week.

We have been positioning our portfolios accordingly to attempt to take advantage of these market conditions/changes and are very pleased with the results.

 

The Weekend/Weather; Well, despite the calendars official end of summer date, the weather has decided to go with our fall schedules. With a pretty dreary day today to start the week, it is expected to gradually warm up each day potentially hitting 25/80 degrees by the weekend.

Enjoy your week!

 

 

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