Post by Matco Financial Inc.

Here’s May’s update from Matco’s CIO, Trevor Galon, CFA. May gave markets a reason to rally, but not enough reason for investors to relax. Equities moved higher, oil prices eased, and earnings remained resilient, but the picture beneath the surface remained complicated. → S&P/TSX +2.3%, now +9.6% year to date → S&P 500 +5.3%, now +11.3% year to date → Inflation remained sticky → Rates stayed volatile → Canada showed weak GDP, but strong job growth Weak GDP points to a slowing economy. Strong job growth points to resilience. That is the Jekyll and Hyde economy Canada is facing right now. So what does that mean for investors and portfolios? We break it all down in May’s Read Between the Lines. Full episode below ↓ #InvestorEducation #MarketUpdate #PortfolioManagement #CanadianEconomy

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