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Market Commentary

May 2024 Update

Join the mailing list here Stocks consolidated their recent gains last month, reaching what we believe to be a near-term low in mid-April. Our analysis of various measures of volatility and options trading suggests a climax in selling occurred, likely exaggerated by U.S. investors selling stocks ahead of their April

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April 2024 Update

Join the mailing list here Throughout March, stocks continued their upward trajectory, with many of our holdings again achieving new all-time highs. Our optimism regarding the prevailing economic environment remains bolstered by supportive fiscal policies driving growth, particularly in the U.S. The sustained commitment thus far to maintaining interest rates at

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March 2024 Update

Join the mailing list here February continued the market’s winning streak, seeing a fresh round of new all-time highs for many of our holdings. We remain optimistic about the current economic climate, particularly given the supportive fiscal policies driving ongoing growth in the USA. With the market’s strength since December,

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February 2024 Update

Join the mailing list here In January, stocks maintained their upward momentum, with many of our holdings again reaching new all-time highs. We remain optimistic about the prevailing positive economic conditions, particularly in the United States, which are bolstering corporate earnings. This optimism fuels our expectation for continued gains in

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January 2024 Update

Join the mailing list here December was another strong month for stocks, propelling U.S. indices and many companies to new all-time highs, as we expected. The “breadth thrusts” we noted last month amplified into extreme buying pressure, with over 90% of S&P 500 stocks closing above their 50-day average price by

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December 2023 Update

Join the mailing list here After some months of disappointing returns, the much-awaited spark in equities finally ignited this November, resulting in substantial gains across the model portfolios. The performance measured from October 31, 2023 to November 27, 2023 is as follows: Growth Portfolio up 16.7% Income Portfolio up 7.7% American Growth up

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November 2023 Update

Join the mailing list here The year-end stock market rally we’ve all been eagerly anticipating may have experienced a brief delay in October, but rest assured, it’s far from ruled out. Stock indices dipped over the past month, yet the long-term uptrend remains firmly intact. We are still on the

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October 2023 Update

Join the mailing list here While markets declined in September, they remain in a strong uptrend by our estimates. Major indices, including the S&P 500 and the Nasdaq, revisited pivotal lows we mentioned in last month’s note, yet they did not substantially breach these levels. In our view, this sets

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September 2023 Update

Join the mailing list here August lived up to its reputation as being one of the weaker months for stocks. Although we relinquished some recent gains, the market remains in a strong uptrend by our estimates. Many of the indicators we track suggest a pivotal mid-year low occurred in August.

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August 2023 Update

Join the mailing list here July proved to be another strong month for the stock market, as stocks continued their upward trajectory, with the S&P 500 Index now standing just 5% below its all-time highs. The market’s performance has been particularly encouraging, as what initially began as a rally in

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July 2023 Update

Join the mailing list here We are pleased to report that U.S. markets reached new annual highs in June, with the S&P 500 index edging closer to its all-time highs, just 11% away. Positive momentum in the markets is evident as pessimistic investors retreat, while the resilient economy thrives despite higher

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June 2023 Update

Join the mailing list here U.S. markets showcased a continuing recovery in May, powered higher mostly by the performance of technology stocks. This trend aligns with our long-standing anticipation, as we’ve been steadily increasing exposure to the tech sector since late 2022. In our assessment, valuations are attractive considering the

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May 2023 Update

Join the mailing list here April was a remarkably calm month … one of the few in recent memory. Stock indices continued their recovery higher as the VIX, a measure of stock volatility, hit new annual lows. After a tumultuous few years of a global pandemic, war, and inflation, the

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April 2023 Update

Join the mailing list here Our portfolios finished lower in March*, as two Silicon Valley banks found themselves on the wrong side of an old-fashioned bank run, while a beleaguered Swiss bank finally closed after decades of missteps. Stocks reacted negatively to the news, but firmed up towards the end

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March 2023 Update

Join the mailing list here Despite stocks finishing lower in February, incoming data continue to support our case for an emergent bull market. In late September our proprietary indicators showed an exhaustion in negative sentiment, signaling a bottom in stocks was at hand. In January we observed the typical signals

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February 2023 Update

The model portfolios are off to a strong start in January, with Growth up 6.57%, Income up 1.81%, American Growth up 10.62% and Small Cap up 3.94% as of the date of writing, January 24. Incoming data continue to support our thesis that a new bull market in stocks is

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January 2023 Update

Firstly, thank you to our clients for another good year. We appreciate our relationships with you and the trust you’ve placed in our team, Stonehaven Wealth Management, and our firm, Wellington-Altus Private Wealth. You’ve helped Wellington-Altus become the #1 Wealth Advisory Firm in Canada for the third year in a

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December 2022 Update

I’m honoured to share that the Globe and Mail’s Report on Business Magazine and Shook Research named yours truly one of the top Wealth Advisors in Ontario. My partner here on the Stonehaven Team, Scott Harris, also made the list. In all, Wellington-Altus saw 24 Advisors ranked Best in Province

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November 2022 Update

Stock indices made solid gains in October, but remain substantially lower for the year. While our model portfolios are also lower for the year, they continue to outperform their respective benchmarks. Losses are never a welcome event, however we feel quite relieved and thankful that we’ve mitigated much of this

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October 2022 Update

Stock indices revisited their June lows toward the end of September. Usually when markets go through a bottoming process they revisit their initial lows within a month or two. In that light, September’s swoon looks entirely normal to us as the early stage of a market recovery. In a sign

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September 2022 Update

This past month we were up across the board, with Growth up 0.3%, Income up 1.9%, American Growth up 4.1% and Small Cap up 4.5% as of August 25th. It’s been said that “markets climb a wall a worry” and emerging from the bear market of Spring 2022 has been

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August 2022 Update

July saw much welcomed gains for stocks and bonds. As of the writing of this note on July 27th, Growth is up 2.9%, Income is up 2.0%, American Growth is up 0.3%, and Small Cap is down 4% for the month. We continue to be thankful for this and our

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July 2022 Update

Stocks and bonds fell for the first half of June before rallying strongly into the end of the month. As of the writing of this note on June 28th, Growth is down 2.2% over the last year, Income is down 2.3%, American Growth is up 5.4%, and Small Cap is

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June 2022 Update

Despite the ongoing volatility in stocks and bonds, each of the model portfolios remain in positive territory over the last year. We’re pleased with the results and look forward to what we believe will be a fruitful time for our investors in the year ahead. We view inflation concerns as

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The opinions contained herein are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Wellington-Altus Private Wealth. Assumptions, opinions and information constitute the author’s judgement as of the date this material and subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Graphs and charts 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. All third party products and services referred to or advertised in this presentation are sold by the company or organization named. While these products or services may serve as valuable aids to the independent investor, WAPW does not specifically endorse any of these products or services. The third party products and services referred to, or advertised in this presentation, are available as a convenience to its customers only, and WAPW is not liable for any claims, losses or damages however arising out of any purchase or use of third party products or services. All insurance products and services are offered by life licensed advisors of Wellington-Altus. Wellington-Altus Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. All trademarks are the property of their respective owners.