By Justin Turner CIM, DMS®, CFP®
In a terrific
bounce back month, most North American markets rallied to new highs. The TSX rose +1.9%, the S&P 500 gained +3.8% and
the Nasdaq had an astounding month rising 4.8% led by Apple. Of course the big
development market wise was multiple record highs for the S&P 500 and its
first close above the 2,000 mark. European markets were also positive despite the ongoing
unrest in Ukraine, while most of Asia was rather flat.
It seems that Europe is now in the
bad news is good news phase for the markets, as it raises hopes for further
stimulus from the European Central Bank.
The ECB did not disappoint investor’s this morning when the European Central
Bank surprised markets with stimulative measures including cuts in interest
rates and the commencement of asset purchases. This caused the Euro to tumble below the 1.30
mark for the first time in 2013, but sent European stocks significantly higher.
