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Bloom Investment Counsel, Inc. Q1/24 Investment Market Commentary

M. Paul Bloom, Market Commentary Video Q1 2024

Despite the investment markets in the first quarter of the year experiencing a bumpy start, our clients’ performance was very satisfactory. The fixed-income market was particularly affected due to renewed inflation concerns, which caused negative rates of return in all bond maturities. However, these concerns had only a marginal effect on the equity market.

The Canadian economy continues to underperform compared to the U.S. economy, as the Canadian stock market does not have the same exposure to the technology, communication, and consumer discretionary sectors as the U.S. stock market.

However, Canadian equities remain relatively cheap compared to the U.S. and are trading at one of the widest valuation gaps reminiscent of the late 1990s tech boom.

To gain further insight into M. Paul Bloom’s, CIO at Bloom Investment Counsel Q1/24 review, and his thoughts on the investment markets for the remainder of the year, watch the Investment Market Commentary video above.

If you are a high-net-worth individual, family office, foundation, corporation, institution, or trust and would like to receive a copy of our detailed Q1/24 review and outlook, please subscribe to our quarterly investment overviews here.

Some of the topics that are discussed in this video may contain forward-looking statements. This information, by its nature, is subject to risks and uncertainties that may cause actual events or results to differ materially from such forward-looking statements. Further, please note the date of the recording, as April 5, 2024, as some of the comments are time-sensitive.

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This video is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this video should consult with his or her financial partner or advisor.

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