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WealthNotes June 13, 2022

GWealth Admin 0 243 Article rating: No rating
The markets declined today. The S&P 500 is down almost 4% and the S&P TSX is down 2.7%. Losses for the S&P 500 year to date are over 21%, a serious loss of capital. The TSX is down just 7.6% year-to-date because the strong oil and commodities markets have softened the decline from other sectors. We have lost ground, but we are holding over 87% in cash, so we are not hurting as much as the market. Regardless of the correction, most stocks are trading at high P/E multiples in...

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