The fourth quarter of 2016 showed positive market returns in each of the three months, which was unexpected due to the tremendous uncertainty entering the US Presidential Election. The markets cheerfully welcomed President-Elect Trump, with the S&P 500 rallying 3.8% from the election to the end of the year.
The third quarter of 2016 showed positive market returns in each of the three months, in spite of the large economic uncertainties due to the Brexit vote and the contentious US election cycle. The Technology sector was the best performer over the quarter, supplying double-digit returns.
The Second Quarter of 2016 was interesting as it started off with string and positive returns, which were derailed late in the Quarter by the BREXIT vote/fiasco. In the Canadian-Focused fund area, both Growth and Short term momentum showed large negative returns, while highly Liquid stocks, stocks with superior valuation, and good long term momentum were highly rewarded.