Here is what the recent correction looked like, primarily in the last quarter of last year and the significant upward rally that took place during the first four months of this current year….
Market Update March 2019
Markets have recovered most the correction that occurred in the last quarter of 2018, with Canada rallying 17%+ and the U.S. rallying 20%+ since lows of last December 2018.
More recently, interest rates in the bond market have been dropping quickly, in anticipation that the American Federal Reserve may seek to perhaps lower, not increase interest rates.
How come…
Click here to read the March Update
Best,
Rob Hunter
Market Update – February 2019
The Canadian (TSX) and the American (S&P 500) bottomed on December 24. Both markets have been rallying up since then. The Canadian market has rallied up from 13,800 to 15,540 +12.6%. The U.S. market has rallied up from 2350 to 2704 +15%.
Both markets recovered in January, more than half of what they gave up over 5 months in Canada and 3 months in the U.S.
Year end 2018 / January 2019 Market Update
Having just experienced the longest bull market in history, it has only included two corrections – in late 2015 and this current one. This is highly unusual, as history would suggest 10% pull backs should occur much more frequently than our recent history.
Santa hasn’t visited Mr. Market this Christmas – Yet
The bull market cycle has lasted more than ten years, the longest in history. Historically, it would be more normal to experience a 10% correction almost every year during a US$ stock cycle. In the last ten years, we have now experienced just two.