Second quarter investment review and outlook

In this episode of InFocus, Mike Gassewitz, CEO at TriCert Financial Group, and Joel Baker, CIM, MBA, Chief Investment Officer at TriCert Investment Counsel, discuss recent economic trends. Inflation and interest rates show improvement in Canada and the U.S., but Canada's GDP growth lags behind the U.S. Concerns about a potential recession remain due to indicators like the inverted yield curve and low manufacturing numbers. While interest rates may decline, the impact on the economy remains uncertain.

In equity markets, July saw gains across various asset classes, with a shift from tech stocks to value-oriented sectors. Global markets outside the U.S. may offer better valuations, though risks remain. Additionally, a significant amount of cash is currently in money market funds, which could move into other assets should interest rates change.

Recorded on August 2, 2024

 

DISCLAIMER: This content has been prepared by TriCert Investment Counsel Inc. The information, including forecast financial information, should not be considered as advice or a recommendation to investors and does not take into account your particular investment objectives or financial situation. Before acting on any information, you should consider the appropriateness of the information and speak with one of our portfolio managers. All securities and financial products or instrument transactions involve risks, including the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This content may contain forward-looking statements, including statements regarding our beliefs on current expectations and market conditions. Readers are cautioned not to place undue reliance on these forward-looking statements. TriCert Investment Counsel Inc. does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside TriCert Investment Counsel Inc.’s control. Past performance is not a reliable indication of future performance.