Message from Jon
Returning from a stay-cation found me fighting some kind of sinus congestion, which makes coherent thought and conversation a bit of a stretch! Apologies to anyone whom I spoke with during the week, because you can bet I am not confident of what it is that I can recall from our conversations.
Like Purdue Football, we began this past week with a lot of speculations and good vibrations that the market is rallying and getting stronger-only to be surprised by disappointment mid-week with a couple days of downturn.1Seasons like that can get disheartening and end up with you making decisions that, in turn, cost you more than they gain.
We have seen the international space continue to plague accounts with underperformance, while growth and domestic stocks have begun to show signs of positive returns! Our investments in cannabis have paid off BIG and are showing no signs of slowing down with Canada and the states in the US moving toward legalization. At this point, all signs point to a $47B per year industry in the not-so-distant future.2
The indicators continue to show signs of improvement, demonstrating that you should remain fully invested for the time being-although there are growing concerns of a market melt-down in our future that may make 2008 look small in comparison.3 At this point, I can say that it's not an if, it is a when this comes to fruition, we will be prepared and ready to protect clients, but until the evidence forms, we remain invested for growth and pushing forward.
Till we speak again, enjoy your football season!