ClearWater Market Commentary as of February 22nd, 2021
Technology weighed heavily on the S&P 500 as fast growing tech companies are especially sensitive to inflation pressures, as most of their value derives from future earnings.
Technology weighed heavily on the S&P 500 as fast growing tech companies are especially sensitive to inflation pressures, as most of their value derives from future earnings.
Global stocks pushed higher as investors continued to take comfort in the US stimulus plans, improving COVID-19 trends and positive corporate earnings news.
Canadian stocks posted their best weekly gain since April, with the TSX closing at fresh record highs.
Stocks declined sharply for the week amid much higher volatility and trading volumes. On Wednesday equities posted their worst day since October
Optimism about fiscal stimulus, as well as positive economic data, and an encouraging start to earning reporting season, boosted all major US stock indices to record highs.
Now, in 2021, sixty-four years later, the plan is a centrepiece of Canadian retirement plans: occupying the dominant position once held by venerable vehicles such as the Defined Benefit (DB) pension plan. Now, with the TFSA increasingly becoming a favoured option for Canadian savers, RRSPs are sometimes being put on the back burner.
Based in Calgary, Alberta, David Lush has been helping clients with retirement planning, wealth & risk management, tax planning, estate planning and financial management for over three decades.
U.S. President-elect Joe Biden announced a $1.9 trillion fiscal-stimulus plan that aims to counter the affects of COVID-19. The plan is the first of two major spending initiatives Biden will seek in the first few months of his presidency.
Stocks jumped to record highs after Georgia election completes Blue Wave. As the US political drama dominated the first week of 2021,
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ClearWater Market Commentary as of March 1st, 2021
Most equity markets were lower, as expectations of inflation and rising costs challenged the outlook for corporate profitability and stock valuations.