Weekly Insights

Nov 12, 2018 | Ronald J. Wilcock


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November 8, 2018 - Insights into the equity, fixed-income, currency and commodity markets from RBC Wealth Management.

Yesterday marked 100 years since the end of World War 1. Remembrance day is a time to honour the sacrifice made by soldiers and civilians alike.

In this country we know that we are so fortunate that people have given so much for our freedom. We are blessed to live in Canada which is the envy of most countries in the world with the freedoms, democracy, and living conditions that we have.

 

Because of that good fortune and the fact that we are able to work hard to get ahead in this country; we get to watch all the fun our investments have been having in the markets. Last week marked 2 positive weeks in a row for North American, and many international markets. The TSX was up 1.0% while the S&P500 and Dow were up 2.1% and 2.8% respectively. We did know that these two weeks could simply be a bounce from the lows. I have mentioned numerous times to you that you should expect more volatility. Towards the end of the week we did notice it getting toppy and that the bounce could be reversing. Consequently we took a small amount of risk off the table. At this point today US markets are down almost 1%. One never knows but, don’t be concerned if we test lows again. As emphasized we do expect more negative weeks ahead and that this pullback will take more time to play out. Be assured that we are monitoring everything. I thank you for your trust and for following our mantra of patience and more patience.

 

Enjoy your week!

 

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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.