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Anything but Normal
Wayne Gillespie • Jan 26, 2022
In his Q4 recap, Wayne Gillespie, Director & Senior Portfolio Strategist, provides his perspectives on a standout year in the markets and outlines his expectations for growth in 2022.
Here are a few highlights:
- North American markets experienced above-average returns in 2021
- Economic growth in 2022 will depend less on government stimulus and more on the underlying economy
- The economy is in the early-to-mid stage of the current cycle, a period typically associated with market growth
- Inflation is expected to remain above pre-pandemic levels leading central banks to reduce stimulus
- Yields for fixed income are expected to rise with the markets cementing expectations for five rate increases in 2022
- IPC’s Portfolio Management Team continues to favour a diversified stance while maintaining exposure to strategies that can protect against volatility
Canada’s Federal Government released its new budget for the year ahead providing key details on important support programs. Our budget Infographic provides the key highlights.
The third week of February marked a crucial period for IPC Private Wealth clients, featuring up to four major portfolio events.
In his Q1 update, Rana notes that the financial markets have started 2024 on a strong note, with the S&P 500 climbing approximately 13% (CDN), marking the most robust start since 2019. This surge brings us to his topics for discussion: the psychological phenomena’s of FOMO (Fear of Missing Out) and FUD (Fear, Uncertainty, and Doubt).
