July was a quiet but positive month for most equity markets. The US Federal Reserve cut interest rates for the first time in over a decade which rattled markets at the end of the month.
June saw most equity markets rebound from their May declines. Despite the volatility, most equity markets remain up double digits for 2019.
May saw most equity markets give back some of their gains from the previous few months. REITs and bonds helped to offset some of those losses.
April saw the continued climb for many markets from their December 2018 low, and nearly all have now fully recovered those losses. This month our commentary section features one of our portfolio managers, Gordon Ross.
Good performance in March capped off a strong first quarter, completing the recovery from the decline in the fourth quarter of 2018.
While December 2018 was the worst December in 25 years, January was the best January in 25 years.
December 2018 was the worst December in 25 years. Stock markets were down around the world; Canadian and emerging market bonds were one of the few bright spots.
October was a rough month for investors. Stock markets were down around the world, bonds were down, and REITs were down too. Even the major hedge fund indexes were down.