Market Update May 26, 2020

Markets climbing and calming…

Stock and bond markets continue to improve throughout the month of May, with daily fluctuations becoming more reasonable. As mentioned in our last update, we are seeing positive money flows in riskier assets like stocks and corporate bonds. The continued “rescue capitalism” from the major central banks has been the main reason for the price appreciation. According to data from Bank of America, central banks around the world have been buying nearly $2.4 billion in financial assets every hour for the past two months. That comes up to approximately $4 trillion in financial assets -- from government and agency bonds to corporate and mortgage debt. These assets have been bought up by central banks from Tokyo to Washington.

Read the Full Article

Protecting & Growing Your Wealth and Future

Follow Us:

Woodstock Office

112 Springbank Avenue

Woodstock, ON N4S 7P8

Phone: 519-539-8212

Toll-Free: 1-888-539-8212

Find us on Google Map

Burlington Office

200-5045 South Service Road

Burlington, ON L7L 5Y7

Phone: 905-319-8977

Toll-Free: 1-844-319-8977

Find us on Google Map