Our Blog

Will new case counts materially increase? Regardless of the answer, how will consumers re-engage in the newly opened jurisdictions? Also of significance this week are building tensions with China.

That is the question and, frankly, no one knows. But for reasons expressed herein, I believe it will be deeper and wider than consensus expectations. Economists can't model what is happening right now. My strategy is summarized.

What we have done, and what we foresee in the days, weeks and months ahead.

This likely will remain the case until a material slowdown in the transmission rate occurs. Nevertheless, while the ultimate market and economic impact is unknown, past precedent suggests it will be fleeting. Interesting links included.

Whatever the answer, corrections are normal and healthy in ongoing bull markets. No overt defensive measures are anticipated, although a concessionary delay in putting past defensive proceeds back to work is being considered.

All considered, the decision to add back some equity to client portfolios is looking ever more imminent.

Also, Chinese Vice Premier Liu He will be in Washington next week to officially sign the Phase 1 Trade Agreement recently reached between the U.S. and China.

That said, RBC is fortunate to have Helima Croft as our Global Head of Commodity Strategy - her insights on the Middle East are peerless.

Yes, there were important trade developments and UK election results; but, moving forward, how the Fed targets inflation may be a game changer