A South Florida Real Estate agent that I know just told me that she has not seen anything like this since 2006: "The market has just shut down"! she told me. I know it's anecdotal, but it gave me time to think on the long drive back yesterday and there are lots of things that are "adding up".
My business partner Paul made one of his top picks on BNN's Market Call Tonight (last night) as 30 year Government of Canada bonds. A safe place to park money when risk assets start to falter.
Paul talked about lots of things, especially the preferred share market, so it is worth tuning in, if you have a moment (click on the link):
So it is webinar Tuesday at High Rock where we will (as we do each week) update our clients on our thoughts on the global economy, financial markets and anything that we think could impact the management of their wealth. Certainly this will include our thoughts on the the coming US recession and will be one of our key topics.
We do post the recorded version on our website, so if you are interested to hear what we have to say, please feel free to tune in at or about 5pm EDT at :
Scott Tomenson,CIM Managing Partner, Chief Investment Strategist