Market Review for August 2016

September 5, 2016

Market Review for August 2016

The Markets Mimic The Olympics Minus The “Bolt”!

The Olympics came to an end this month and it had some similarities with the market. Records were being broken and new highs in the US were being achieved despite relatively light volume and empty seats at some Olympic events. Despite the lack of any economic drama, it was nice to have a boring month opposed to the volatility we have had over the past year. The economic numbers in August were generally good. Even when weaker numbers were reported (retail numbers) the market continued to view it as, “it’s not great, but it’s not bad”, which did not derail the continued upward trend. The combination of slow but steady growth, low interest rates, central bank policies, recovering energy prices and strong US dollar have been the magic recipe for the markets this year.

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Annual Client Appreciation Ferrari Event

September 1, 2016

 

Annual Ferrari Event – Toronto

We are happy for all those that came out to the Annual Client Appreciation Ferrari Event brought to you by Echelon Wealth Partners and LK Wealth Management. It was a great event that allowed our clients to indulge in the luxury that the Ferrari brand offers. For some, it was their first time in a Ferrari, but for others it was just another time they stepped foot in these great machines. It was also a good evening to mingle and also see the great car collection that was part of the event.

We look forward to see you at next year’s event along with the other events that we will launch shortly. These will include social outings like the Ferrari event and educational events that bring in local experts to answer your questions, may it be about the market, financial planning, wealth preservation, tax and others. Below we posted some of the photos from the Ferrari event for your enjoyment.

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