iA Wealth Monthly Market Snapshot

iA Wealth

June 7, 2019

Monthly Overview:

The seemingly uninterrupted rally that bolstered stock prices for the first four months of the year came to an abrupt halt in May as all of the key equity market gauges we follow showed low to mid-single digit percentage losses. Despite the pullback, however, YTD returns for these same gauges through the end of May remained firmly in the black. The month was kicked off in a challenging way, when during an April 30 speech Fed Chairman Jerome Powell indicated that the U.S. central bank was not considering a rate cut. This spooked markets to some degree, as they had been pricing in the possibility of a cut. Lower rates are often viewed as being a positive catalyst for stocks.

Click here to read the rest of iA Wealth’s June 2019 Monthly Market Snapshot

This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of iA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.

How do we elevate your wealth?

It begins with understanding your needs and creating a comprehensive and tailored financial plan to help reduce tax, manage risk and grow your portfolio over the long term. Learn more about how we help you achieve financial security and peace of mind.

Discover our approach

News & commentary

April 14, 2024

April 2024 Portfolio Management Team Update

April 2024 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Senior Portfolio Manager, iA Private Wealth April 10, 2024 Market Review Global equities advanced for the fifth straight month in March, capping a stellar quarter for stocks and enabling the MSCI All-Country World Index to post a record high on the last trading day […]

March 2024 Portfolio Management Team Update

March 2024 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Senior Portfolio Manager, iA Private Wealth March 20, 2024 Market Review Global equities advanced for the fourth successive month in February, as growing confidence in a “soft landing” for most major economies took the MSCI All-Country World Index to a new high. The TSX […]

February 2024 Portfolio Management Team Update

February 2024 Portfolio Management Team Update By Elvis Picardo, CFA®, CIM, Senior Portfolio Manager, iA Private Wealth February 22, 2024 Market Review Global equities advanced for the third straight month in January, despite a significant decline on the last day of the month after the Federal Reserve signaled it was in no hurry to cut […]