Market Watch Weekly - October 12, 2018

Erik Dekker - Oct 12, 2018

 

Dekker Hewett Group | Market Watch Weekly


Deja Vu from February

October 12th, 2018


Canada’s main stock index was marginally higher on Friday, breaking its five-day losing streak. Our counterparts south of the border also fared better following a two day sell-off that caused the Dow to shed over 1,300 points. Both indexes closed the week down over 5%; their biggest weekly declines since March.

Sentiment was rocked around the globe in recent sessions as investors grew nervous over the rise in interest rates. Jumping into the conversation was President Donald Trump who blamed the U.S. Federal Reserve for the decline in the stock markets. President Trump stated on Wednesday that he wasn’t happy with how the central bank continues to raise interest rates. Some of you may recall the 10% selloff in February which was largely attributed to similar factors: rising yields and the Fed’s more hawkish stance.

 

 

 

Dekker Hewett Group

 

Erik Dekker, BBA, CIM
SVP, Senior Investment Advisor & Portfolio Manager
T: 604.643.7604

Mark Hewett, PEng, FCSI
SVP, Senior Investment Advisor & Portfolio Manager
T: 604.643.7022

Shawn Labelle, CFA
Business Analyst
T: 604.643.7017

Alix Rogers
Investment Advisor Assistant
T: 604.699.0852

Massimo Beltramo
Business Development Associate
T: 604.643.7531

David Ross MacLachlan
Business Development Associate
T: 604.699.0807

Angela Liu
Social Media & Database Coordinator
T: 604.643.7412