If we’ve learned anything of late, it’s that we should attach a larger margin of error to the intelligence we receive from traditional polling methods.
The consensus call for the reaction to a Trump victory was for gold to rally and stock markets to fall. As U.S. election night unfolded and a Trump victory appeared more and more certain,
The Maxam Diversified Strategies Fund1 gained +6.4% in the third quarter and is up +10.5% through the first nine months of 2016.
Broken record syndrome
I feel like a broken record. The market narrative has remained eerily consistent for the past several months. As we mentioned in our commentary last month, this market has continued to shrug off all worries,
The Maxam Diversified Strategies Fund1 gained +3.4% in the month of August and is up +11.0% through the first eight months of 2016.
It’s all good!
Following the fairly sharp market declines experienced in January and February to start the year, we’ve been in an environment that I would characterize as follows:
Bad news = good news.
The Maxam Diversified Strategies Fund1 gained +3.3% for the month of July and is up +7.3% through the first seven months of 2016.
Canadian and US stock markets have enjoyed solid performance so far in 2016. We would characterize recent market action as incredibly resilient – investors have shrugged off a weak economy in Canada, BREXIT, geopolitical tensions, persistent low/negative interest rates and an uncertain political climate in the US.
The Maxam Diversified Strategies Fund1 gained +2.0% in the second quarter of 2016 and +0.2% for the month ended June 30, 2016.
7 years old!
We are pleased to announce that the Maxam Diversified Strategies Fund celebrated its seventh birthday on June 30, 2016. We are proud that we have generated strong returns for our investors,