John Ridd
Kate Murdoch
Megan Lisowski
Tel:
905-727-5040
Address
BMO Nesbitt Burns
16775 Yonge St
Suite 221
Newmarket, ON
L3Y 8J4
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November 27 2020 Enewsletter
Posted on: November 27, 2020
 We continue to see a testing of the market high this week, as investors absorb the positive vaccine news amidst increasing cases and lockdowns. Markets are further buoyed by the beginnings of a U.S. Presidential transition and potentially market friendly cabinet choices. In this regard, in case you missed it last week, please be sure to listen to our latest podcast where we discuss the recent U.S. election results and potential impacts: Capitol Insights – Post Election Review by Greg Valliere Markets were rather quiet this week, as expected with the U.S. Thanksgiving holiday. We continue to see a testing of the market high this week, as investors absorb the positive vaccine news amidst increasing cases and lockdowns. Markets are further buoyed by the beginnings of a U.S. Presidential transition and potentially market friendly cabinet choices. In this regard, in case you missed it last week, please be sure to listen to our latest podcast where we discuss the recent U.S. election results and potential impacts: Capitol Insights – Post Election Review by Greg Valliere It is important to remember that markets typically look six, twelve, or even eighteen months out for a view of what is to come. Investors that expect improvement are using this as an opportunity to add stock exposure or add to their portfolios: “It appears at this point that investors are prepared to look past the potential for near-term lockdowns toward longer-term solutions to the COVID problem as some of the most heavily impacted sectors this year were among the leaders this week including hotels, airlines, movie theatres and energy. Even within sectors that have been recovering such as retailers, some of the lagging areas such as department stores took over leadership this week. Retailers may remain in focus over the next few days as we enter what has historically been one of the busiest shopping periods of the year between Black Friday and Cyber Monday. This year, investors may look not only to overall sales levels, but also the split between in-person and online sales amid growing restrictions. Financials have also attracted more attention lately and could again in the coming week, particularly north of the border with the six biggest Canadian banks scheduled to report earnings between December 1 and December 3. Many of the big US banks slowed the growth of (and in some cases outright decreased) loan loss provisions when they reported results back in October, and investors may be watching to see if Canadian banks due the same. Comments about the health of the economy and results from trading/asset management divisions may also attract attention” (SIACharts.com) From a broader market and technical view, markets appear to be gathering strength as a wider range of companies and sectors are participating in the recent rise. This increase in “breadth” is a positive sign of improving market health. Bottom Line: We are in the Green Zone across all of our signals and we expect this to hold through the end of the year, barring any negative catalysts. With our indicators well into the Green Zone, we are fully invested in all of our models and have been for about three weeks. We continue to focus on owning only the stronger assets and sectors, so that even if markets should go sideways we are positioned well to participate in the best performing components of the market. This focus gives us the opportunity for continued upside, while also reducing exposure to weaker areas of the market. We continue stick to our disciplined investing, using strategic and active management. |
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| Have a great weekend! |
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| ~ John, Kate, Megan & Michelle | |||
WEALTH PLANNING
| Wealth Management is more than investing, it’s about looking at the big picture that you want to accomplish. Strategic planning will allow you to make intelligent decisions that save you money, time and worry. The Fall 2020 Edition of our Networth Newsletter is now available on our website. In this Issue: |
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| CONTACT US | |||||
| Phone: (905) 727-5040 | Fax: (905) 830-9538 | |||||
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| Our Mailing address is: #221-16775 Yonge St. Newmarket ON L3Y 8J4 | |||||
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