Market Overview: From the Desk of Robert Vanderhooft (CIO)

Published: 15/06/2020

Market Perspectives +
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Current Insights

The fastest bear market in history was recently offset by the fastest market recovery in history. Many investors were predictably surprised when the Nasdaq Composite Index reached an all-time high early last week, while the S&P 500 was closing in on a new high. Then almost without warning, North American markets pulled back sharply later in the week. The return of elevated volatility illustrates the difficulty of market timing which is likely a reason massive amounts of cash now sit on the sidelines.

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