By Justin Turner CIM, DMS®, CFP®
Stock markets around the world
are continuing their rally and the threat of a deeper correction appears to be
off the table. Weak job data on Friday got the ball rolling and Federal Reserve
Chairman Janet Yellen’s testimony this week sent markets even higher.
Resources have also been rallying especially gold which has been moving
up at a torrid pace over the last few sessions. The numerous calls for
$1,000 gold appear to have been premature, with gold breaking through 1300
looking poised to move even higher.
It is a good time to be
Canadian! Not only has Canada had a great start to the Winter Olympics
(which will hopefully culminate with double hockey Gold once again!), the TSX
has continued to outperform US markets in 2014, and it would not be surprising
to see this outperformance carry on throughout the year. It is definitely
welcome after years of lagging our big brothers to the south.
