A Good 60 Days

Happy March,

As I type this, Yellen is giving her speech reiterating the strong job growth in the US and confirming that a March rate hike is possible. In the current environment, Yellen and Trump seem to hold the key to investors’ hearts as they hang on to every word in search for clues to help with their investment decisions. On the backs of ongoing economic growth in the US and the prospects for further expansion given the new administration’s plan, markets have gotten off to a good start this year.

Year to date, on average, our portfolios across the board have seen returns between 2-3% in 60 days. The growth has come primarily from financials and US large caps while our energy names have been the laggers. As stated last week, we see significant opportunity in the energy space and maintain a meaningful position in the sector.

Have a great weekend.

Danny

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Daniel Popescu CFP, CIM, FMA, FCSI
President & CEO

MNP Tower, 3100-1021 West Hastings St.
Vancouver, BC V6E 0C3
T: 604-558-6830/1(877) 588-6822
F: 604-558-6823
harbourfrontwealth.com

 

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