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
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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.