Happy New Year to all You First clients, and we wish you a healthy and joyful 2022. Markets are nearing the 10% decline mark to start the year and you have likely noticed a drop in the value of your investments. Let’s jump right to a chart: 10% pullbacks happen all the time. 65% of… Read More
The You First Blog
There are two prevailing concerns that we’ve been asked about more recently: rate hikes and slowing growth. Courtesy of Myles Zyblock (Chief Investment Strategist, Dynamic Funds), we’d like to present some numbers relating to these issues. 1) Rate hikes. Inflation has been a hot topic in the press with higher prices seen broadly from gas… Read More
The Nasdaq Composite Index hit an all-time intraday high of 16,121 on Friday before closing at 16,057. This marks the first time in its history that the Nasdaq has closed above 16,000. With year-to-date returns of 24.59%, the Nasdaq continues to post strong gains and is one of the strongest equity market performers in 2021…. Read More
Courtesy of Myles Zyblock, Chief Investment Strategist at Dynamic Funds, here is the October 2021 market update: Global Economy & Equities Economic surprise indicators suggest that the number of negative surprises for data releases has been outnumbering the ones with positive surprises. This is generally a sign that economic momentum is slowing – something that… Read More
Bank of Canada signals rate hike earlier than expected The Bank of Canada’s recent announcement was eventful. The BoC announced it was holding the overnight rate at 0.25%; however, BoC Governor Tiff Macklem also said “we will be considering raising interest rates sooner than we previously thought. Interest rates don’t need to be as low… Read More
On Tuesday, the TSX eclipsed the 21,000 mark for the first time before closing at 21,087.00. Toronto’s main index closed Friday at 21,216.15 after hitting its all-time intraday high of 21,265.76 earlier in the day. The TSX is now up 21.70% year-to-date and is one of the top-performing major domestic indexes thus far in 2021…. Read More