What a great Sunday! A perfect afternoon for a nice walk, a game of disk (Frisbee) golf, and a Dairy Queen.
It has also been a quite a start to 2019 (after a dismal finish to 2018) for stock markets. Throughout this time you were reading headlines about a recession being imminent. Also during this time the RBC DS U.S. Economic Indicator Scorecard has been scoring; 5 out 6 Indicators as Expansion, 1 as Neutral, and 0 as Recessionary. Our analysts have believed and do believe, that there is No sign a recession imminent, and there is a low risk historically speaking of U.S. recession. Now the doom and gloom headlines appear to be subsiding and we are reading more about how strong and wonderful markets are in the media. The more you read about this, the more we wouldn’t be surprised to see a dip or pullback. In fact, our technical analysts thought there may have been one already. No worries at all though, we are prepared and have dry powder ready to make purchases should this happen. We would buy in, and then in our opinion, expect markets to move upward again, finishing the year positive. It is also possible that we have good geopolitics and markets break through their testing of new highs and continue to move up for a further period. On a short term basis, despite all the expert headlines, no one knows for sure what will happen. It is like our spring weather, sometimes we get some rain, some sun, and some surprises. Whatever comes, we have your portfolios well positioned. We expect that we are in a long term secular bull market, that there will be volatility, and that there is time and room to run before the next US recession arrives.
Global Insight WEEKLY
May 2, 2019
Global Insight Monthly
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 November 15, 2018 - Insights into the equity, fixed-income, currency and commodity markets from RBC Wealth Management.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.