Current Market Review

Well what a six months it has been! Back on our last post March 4 the TSX was down 5.1% and the S&P500 was up 3.2% and the Covid Virus was coming! On March 27 the TSX was down 25.6% and the S&P500 was down 15.3%! As of last Friday the TSX was down only 2.1% and the S&P500 is up 9.5%. Oil went from $22 a barrel on March 27 to $43 a barrel today. And our dollar swung from $71.5 to $76.34 US today.

A V-shaped recovery? Yes but there have been some winners (ie. tech) and some losers. (ie. banks, airlines, entertainment)

What does the future hold for the markets? Well a vaccine would be nice! And “The market usually rises going into a US election with both candidates promising anything and everything. Even Joe Biden has said that he will not raise taxes on people making less than $400k per year or the 90% of businesses out there that are mom and pop and employ less than 50 people.”

Again we will keep our fingers crossed!

Market Trend

(click to enlarge)


Ultimate Funds

(click to enlarge)