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

Published: 15/06/2020

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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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