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Anthony Layton MBA, CIM

Chairman & CEO, Portfolio Manager

Peter Guay MBA, CFA

Portfolio Manager
Contact
  • T514.875.7566 x 224
  • 1.800.875.7566
  • F514.875.9611
  • Place Alexis Nihon
  • 3400 de Maisonneuve Ouest,
    Suite 1501
  • Montreal, Quebec H3Z 3B8
July-15-11

Despite the Negative News

Despite all the negative news about the US debt, the lack of American job creation and the weakness in US economic growth, the US stock market is outperforming the Canadian stock market so far this year (S&P500 +6.02% YTD in USD, TSX +0.16% YTD). Corporate America remains fundamentally sound with strong balance sheets and record profits, regardless of the political standoff taking place. The Canadian market, on the other hand, is suffering from fears that demand for commodities will decline as China tries to cool growth and fight inflation. The only commodity that defies this trend is gold, which makes up about 10% of the Canadian market.

Throughout this, we continue to use the volatility in the markets to our clients’ favour, taking the opportunity to take profits along the way.

Don’t hesitate to contact us if you have any questions or would like to discuss.

Best regards,
Tony & Peter

By: Anthony Layton & Peter Guay | 0 comments