29 July, 2021

Reasons for Optimism

Reasons for Optimism

In his mid-year market recap, Wayne Gillespie, Director & Senior Portfolio Strategist, provides his take on one of the strongest first half’s in history while suggesting caution going forward as the global economic recovery continues to unfold.

Here are a few highlights:

  • North American markets powered to record highs in the first half of 2021  
  • Rotation into value stocks remains a key theme  
  • Earnings expected to remain strong in the second half of the year
  • International markets are expected to outperform
  • Pandemic-related setbacks remain a significant risk
  • Inflation is a concern but talk of an early interest rate hike is likely premature

 

 

“Looking forward, we still like the pandemic recovery scenarios, which favour equities over bonds, more specifically value equities overgrowth equities.”