- The highest tariffs target economies with large trade deficits and very low labor costs.
- Canada secured a major victory. I’m cautiously optimistic that this is the best-case scenario. Can Trump now take a backseat in the federal election?
- It’s important to note the U.S. Senate’s support for Canada—a symbolic gesture!
- This marks the beginning of trade negotiations. Those who act quickly will secure better deals.
- Uncertainty has decreased. Let’s give it a few days to settle.
- The U.S. dollar continues its orderly devaluation.
- Yields are dropping, with the 10-year U.S. Treasury yield about to breach 4%, bringing satisfaction to Treasury Secretary Scott Bessent.
- Equity futures are weak; Japan initially dropped 6% but is attempting to recover, now down 3%, while Australia is down 1.5%.
- Concerns about inflation are being raised by some economists, echoing 2018’s narrative.
- The economy is slowing down. Growth is decelerating, liquidity is being injected, rates are being cut, and debt is being refinanced at lower rates. Remember, $9-trillion needs to be addressed this year and next.
- Currency and credit markets are responding appropriately; expect volatility in equities.
- We are likely to start Thursday markets significantly down but anticipate climbing throughout the day. It’s the closing Friday that matters!
The information contained herein has been provided for information purposes only. The information has been drawn from sources believed to be reliable. Graphs, charts and other numbers are used for illustrative purposes only and do not reflect future values or future performance of any investment. The information does not provide financial, legal, tax or investment advice. Particular investment, tax, or trading strategies should be evaluated relative to each individual’s objectives and risk tolerance. This does not constitute a recommendation or solicitation to buy or sell securities of any kind. Market conditions may change which may impact the information contained in this document. Wellington-Altus Financial Inc. (Wellington-Altus) is the parent company to Wellington-Altus Private Wealth Inc. (WAPW), Wellington-Altus Private Counsel Inc. (WAPC), Wellington-Altus Insurance Inc. (WAII), Wellington-Altus Group Solutions Inc. (WAGS), and Wellington-Altus USA Inc. Wellington-Altus (WA) does not guarantee the accuracy or completeness of the information contained herein, nor does WA assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Before acting on any of the above, please contact your financial advisor..
©2024, Wellington-Altus Private Wealth Inc., Wellington-Altus Private Counsel Inc., Wellington-Altus Insurance Inc., Wellington-Altus Group Solutions Inc., and Wellington-Altus USA Inc. ALL RIGHTS RESERVED. NO USE OR REPRODUCTION WITHOUT PERMISSION. www.wellington-altus.ca
If you no longer wish to receive commercial electronic messages from Wellington-Altus Private Wealth Inc., please send an email to unsubscribe@wellington-altus.ca