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Market Update by Jeff Rivett - April 2024

Updated: Apr 10

Please watch the latest market update by Jeff Rivett our lead portfolio manager.


Disclaimer: I have prepared this report to the best of my judgment and professional experience to give you my thoughts on various financial aspects and considerations. The opinions expressed represent solely my informed opinions and may not reflect the views of NBF.


It might feel like New Years was just last week but somehow we’ve made it through the first quarter of 2024, and on quite the positive note in the world of financial markets.  All major indices have been taking off so far this year; the S&P500 actually had its best quarter since 2019. As Jeff Rivett highlighted in his Video Market Update, we’re loving our position in gold right now as the commodity’s price has reached an all-time high.


Currently we are (along with most of North America) anticipating when rate cuts will materialize in the US and Canada. There is still a lot of uncertainty wavering around the timeline here and if there will be three cuts in 2024, or ultimately only one or two.


Going forward we’re continuing to be “cautiously optimistic”, especially given that April is historically a strong month in the stock market.


- Your Creed Capital Management Team


The opinions expressed herein do not necessarily reflect those of National Bank Financial. The particulars contained herein were obtained from sources we believe to be reliable, but are not guaranteed by us and may be incomplete. The opinions expressed consider a number of factors including our analysis and interpretation of these particulars, such as historical data, and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. Unit values and returns will fluctuate and past performance is not necessarily indicative of future performance. Important information regarding a fund may be found in the prospectus. The investor should read it before investing.


National Bank Financial - Wealth Management (NBFWM) is a division of National Bank Financial Inc. (NBF), as well as a trademark owned by National Bank of Canada (NBC) that is used under license by NBF. NBF is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF), and is a wholly-owned subsidiary of NBC, a public company listed on the Toronto Stock Exchange (TSX: NA).


I have prepared this report to the best of my judgment and professional experience to give you my thoughts on various financial aspects and considerations. The opinions expressed represent solely my informed opinions and may not reflect the views of NBF.

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