GLC Asset Management Group's Market Matters monthly investment commentary

GLC Market Matters

GLC Asset Management Group’s Market Matters monthly investment commentary is presented only as a general source of information and is not intended as a solicitation to buy or sell specific investments, nor is it intended to provide tax or legal advice. Prospective investors should review the offering documents relating to any investment carefully before making an investment decision and should ask DLD Financial for advice based on their specific circumstances.
January 2017 Highlights

  • Equity markets had a good start to the year, which stands in stark contrast to last year’s abysmal stock market beginnings.
  • The Materials sector stole the show in North America as rising gold and base metal prices pushed stocks higher.
  • Fixed income markets ended the month near flat, as all but short term Canadian bond yields rose modestly. The extra income kicked off by corporate bonds helped to keep investment grade and high-yield corporate bond returns in the black.
  • The headlines thus far in 2017 have been dominated by the new Trump administration. US events quickly became global events and executive orders were met with shock, confusion and protest.
  • Central banks took a break from any major policy action, though commentary from central bankers pointed to upgraded economic outlooks and tended to note the considerable uncertainty brought on by the unchartered landscape of President Trump’s unconventional approach to governing the nation.
  • The International Monetary Fund maintained its global GDP forecast at 3.4% for 2017, but upgraded its forecast for advanced economies to 1.9% GDP growth, from 1.8% in its previous forecast for 2017.