Market Update - July 2020

While I hope your portfolio is not a major focus during these perfect mid-summer days, rest assured that your investments are doing just fine! For the month of July the TSX index in Canada finished up +4.5%, while in the US, the S&P 500 Index was up +5.6%. The S&P 500 is now just -1.4% below the February peak, astounding really, when you consider where we were just 4 months ago… The stock market continues to be supported by a rebound in economic activity and positive advances in medical research against Covid-19. But the most important factor in the recovery has been the extremely supportive monetary environment (low interest rates and plenty of government money being handed out)! Real in

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