Ludovic Siouffi
April 02, 2020
Over the past week, we’ve been proactively selling into the market rally, specifically U.S. securities to take advantage of the U.S. Dollar trading at higher highs versus the CAN Dollar. Speaking with many of you, I would term the previous week merely as a ‘sugar-high’ on the news of a stimulus and economic relief – and we’re already seeing it coming to an end. For those of you with young kids, like me, we all know how dramatic a sugar high ends.
If you're holding onto cash, ready to deploy, our advice continues to be to hold onto your cash for the time being. Our research would suggest another sell-off to present itself in the coming weeks, setting a proper low within the markets, and giving us the opportunity of a lifetime to buy.