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!
Global Insight WEEKLY
November 8, 2018
Global Insight Monthly
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