The bull market in equities continued its march forward in July and hit new record highs. Developments in global trade and monetary policy dominated market movements throughout the month.
Global equities markets sharply recovered from the losses incurred during May, resulting in one of the best Junes in equity market history. This change was fueled by positive outlooks towards global monetary policy and increased optimism surrounding global trade policies.
Global equities closed the month lower due to continued trade tensions and concerns of a global slowdown in growth. Although volatility has picked up, there hasn’t been any significant deterioration of fundamental conditions. Volatility in a market cycle is normal and expected; while we ideally don’t want too much volatility as markets advance, our minds can be eased knowing that markets have climbed over different walls of worry at different periods in time.
After a strong first quarter, markets continued their rally which has been driven by more accommodative central banks, expectations of a recovery in Chinese growth, and improving trade conditions.
My mom has passed down an interesting trait – the absolute love of a good deal. One of my favourite things about buying my mom a gift is being able to tell her how great the deal was – it’s almost better than the gift itself. Over the years she has given me some great advice on how to spend wisely. The first tip she’s given me sounds counter-intuitive but isn’t.
Amid week after week of gains at the start of 2019, we have largely recovered from the lows experienced in Q4 2018. March saw the return of some volatility due to mixed economic data as well as an important development in the bond market.
The cost of living increases, not just annually, but sometimes month to month. A week ago, my husband received a notification from our mobility provider letting us know that our plan will be increasing by $20 –– an additional $240 annually on what we have deemed essential.
The 2019 federal budget was unveiled March 19th by Finance Minister Bill Morneau. Key elements included housing affordability measures for first time home buyers, post- secondary student financing and debt repayment, professional development training opportunities, and securing your retirement. Keep in mind this is a pre-election budget and there are elements sprinkled in it for everyone. Funding for many of the commitments will only start to kick in after October’s election, giving voters the chance to weigh in their thoughts at the ballot box.