In this episode of The Wealth Exchange for the Monthly Market Commentary, Mark and Rob discuss the demise of Italy in the eurozone, trade wars with China and the U.S., and gains in Canadian and U.S. markets.

 

Rob also answers some questions about volatility, whether or not we’re getting better at mitigating recessions, and if we’re moving towards deglobalization

 

Key Takeaways:

[:29] About today’s discussions with Rob Edel.

[:48] Why are we seeing positive returns in Canadian and U.S. markets?

[1:48] What have been the key drivers in the Canadian market?

[2:51] The demise of Italy in the eurozone: have they never recovered from 10 years ago or is this a completely new issue?

[4:18] Is Italy the biggest concern in the eurozone?

[6:04] Why can one country (such as Germany) be successful in the eurozone when another (like Italy) isn’t?

[7:33] Are we seeing more volatility or more volatility with lower returns?

[9:18] The recovery from 2008-18 being the second longest expansion in history — are we getting better at mitigated recessions or just “kicking the can down the road?”

[11:01] Rob’s thoughts on the trade war.

[13:05] Are we moving towards a deglobalization?

 

Guest Bio

Rob Edel

Rob is the Chief Investment Officer at Nicola Wealth Management.

Before joining the team at Nicola, Rob spent 9 years working for one of Canada’s largest money managers and — most recently — as a Portfolio Manager responsible for managing U.S. equities for the firm’s high net worth clients. Previous to that, he spent seven years working for the Treasury Department of a Major Canadian Chartered Bank, splitting his time between Vancouver and Toronto. Rob has completed his CFA and is a member of the Association for Investment Management and Research (AIMR).

 

For his full bio, visit: nicolawealth.com/our-team/rob-edel

 

About Your Host — Mark Therriault

Mark is the Financial Advisor and partner of Nicola Wealth Management — and your host for The Wealth Management podcast.

 

As a member of the NWM Planning Team since 2006, Mark has become his clients’ trusted advisor. He prides himself on providing an exceptional experience to his clients while quarterbacking their financial affairs.

 

Mark earned his Bachelor’s degree in Economics with a minor in Finance from the University of Calgary. He went on to secure his CFP designation and also completed the CIM, CSC, the B.C. Life Insurance License.

 

For his full bio, visit: nicolawealth.com/our-team/mark-therriault

 

For More Information on this Week’s Episode, Visit:

www.nicolawealth.com/thewealthexchange

 

Disclaimer:

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM Advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.