Michael D'Angelo- January 2022

Many of us have made many memories on road trips. Every road trip has “pit stops” along the way- those that were anticipated, like stopping for a meal or gas and those that were unexpected, like road construction, road closures or even a flat tire! Despite these short term setbacks, we always inevitably reach our destination.

The investment landscape during the past couple of years has looked a bit like that of a road trip- complete with detours and bumps along the way. Global markets continued their recovery through 2021 fueled by vaccine rollouts, economic reopening, and strong consumer demand. In the second half of the year and leading us into this year, rising inflation, rising interest rates and supply chain issues continue to make headlines, and in the last few months, COVID-19 cases soared once again due to the Omicron variant. 

As we settle into a new year with the realization that it will take some time for the world to get a handle on the pandemic and facing the possibility of rising interest rates, it’s natural to feel nervous about the state of things. But the growth and inflationary environment remains favourable for investors.

A well-balanced portfolio will be paramount.

The strategy of taking advantage of asset allocation and dollar-cost averaging is an approach that will continue to be wise for many years to come. A further correction in the near term is entirely possible but every road trip needs its “pit stops.” We can’t lose sight, we must always continue to focus on the road ahead to make sure we arrive at our destination.

As always, if you have any questions about the markets or your investments, I'm here to talk.