By Justin Turner CIM, DMS®, CFP®
Despite a week with some great
earnings, such as Microsoft and Apple, markets weakened during the latter part
of the week due to escalating tension in Ukraine. The week started off
well and the S&P looked poised to take a run at the 1900 level before the
end of the month. But Ukraine worries have most likely derailed any
chance of that, and now we are faced with the last week of April and the
beginning of the dreaded month of May.
In what has been a recurring
theme thus far in 2014, Canadian markets have outperformed the US and have held
on to the majority of their gains despite the negative headlines. The
rally in US equities may be far from over, but that doesn’t mean that Canadian
equities won’t continue to outperform for the foreseeable future.
I am off to Brazil next week,
vising Sao Paulo and Rio de Janeiro. As tempting as it may be to never
come back, I will be returning in 2 weeks with my next blog entry.
