Thank you for your continued interest. We always appreciate comments or critiques. We have attached our most recent market commentary.
“Party like it’s 1999” Prince
In our reflection section we looked at some of the arguments for concern about valuations. We looked at the parallels to the tech bubble of 1999. They say the market does not always repeat itself, but it does rhyme. The phrase means that “this time it is different” is a dangerous phrase as you should try to learn from history. Note many factors are different and because of that we are not forecasting a decline but advise caution. We found an interesting article in the paper on May 1st that explained one of the reasons for the spike in EV sales in February was the war in Iran, which did not begin until the end of the month. Be careful when reading or hearing explanations for market moves unless the writer is psychic.
We were not very active with client accounts this month. We take a longer-term view and as we mentioned last month it is difficult to make changes given the almost daily changes to the situation in the Middle East. We and our clients find comfort in the steady stream of income that you get when you invest in dividend paying stocks, such as the Canadian banks.
