It has been a while since stock and bond prices moved in opposite directions, but for a second week in a row the correlation between the two asset classes is sharply negative (which is a good thing). This market dynamic seems consistent with reduced tensions on a few fronts such as the ceasefire agreement between Russia and Ukraine and a possible agreement next week between Greece and the EU on the Greek bailout framework. Also, the rebound in resource stocks and commodity prices (especially oil, which is moving above its 50-day average today) adds credence to this week’s market advance.
While bearish investors may argue that the recent round of central bank rate cuts has been precipitated by weak economic conditions, the remedy to stave off deflation is steepening bond yield curves, and acting unexpectedly is a key prerequisite to shift expectations. Another weapon is to act through rising as opposed to falling economic momentum. By this we mean adding more fuel to the fire or reflating while signs of a recovery abound. This is the dynamic in which we find ourselves today, adding this stimulus points to a sharp recovery in H2/15. When the positive impact of lower oil prices is also considered, rising bond yields and steeper bond-yield curves may well support the migration of equity markets into higher trading ranges this year.
Join us for the launch of Canaccord Genuity GPS Optimized Portfolios – and learn how to take control of market volatility in your investment portfolio.
Given the recent volatility in the markets, our Optimized Portfolios, part of
Canaccord Genuity Global Portfolio Solutions (GPS) are a timely solution.
The award-winning, proprietary process behind our GPS Optimized Portfolios
aims to cap volatility and reduce the potential for capital loss to provide you with steadier returns and more certainty. In other words, returns include peace of mind.
We are pleased to invite you to an exclusive event. We are confident that this innovative investment solution – now available in Canada for the first time – can give you a powerful tool for protecting your capital.
We hope to see you there.
North Vancouver Downtown Vancouver
Date: Wednesday, March 4, 2015 Date: Wednesday, March 3, 2015
Time: 6:30 p.m. Presentation begins Time: 5:30 p.m. Registration
Location: Seymour Golf & Country Club 6:30 p.m. Presentation
3723 Mt. Seymour Parkway Location: Four Seasons Hotel
Seating is limited.
A couple weeks back the Super bowl dominated the sports fan TV time, and this weekend it is Hockey Day in Canada. So if you are a big hockey fan, like our own Alix Rogers, then South Delta might just be the place for you to head out to this weekend.
Delta BC will be hosting a live remote for the west coast division of Scotiabank Hockey Day in Canada. The day will kick off with a free pancake breakfast, live music and fans will have the chance to meet and have their picture taken with Canuck alumni, Kirk McLean.
As part of the celebrations the Ladner Leisure Centre will have a grand re-opening and all local Delta rinks will be participating with hockey games that will include announcers, guest coaches and live national anthems. So if you or anyone in your family is a big hockey fan, or you just want to support your local community team, head out to South Delta.
We thank you for the privilege you have bestowed upon us with taking care of you and your family. We thank you for that trust.
As always, we welcome your feedback. Have a great weekend.
The Dekker Hewett Group