Happy New Year,
The start of 2016 has pushed the TSX into bear territory with a significant sell-off in most of the broad based markets. The driver for the market volatility is the negative economic data coming out of China. China’s market meltdown is important to the extent that it forces investors to visit U.S. economic and S&P 500 fundamentals.
It is reasonable to believe that we are nearing a buying opportunity with concern to U.S. and Canadian equities. The current market weakness has helped correct expensive valuation levels and, as of yet, there is no expectation of a severe U.S. economic slowdown.
Our investment approach emphasizes a focus on value and has allowed us to maintain downside protection and improve consistency of returns over the long run. For more information on the matter, please don’t hesitate to contact your financial advisor or make an appointment for a courtesy consultation.
DiBrina Sure Wealth Team
IPC Securities Corporation