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Part 4 Markets and Moves

Hi everyone,


Wow! It’s hard to believe it’s been less than a week since my last email—it feels like a month!


I want to reiterate what I’ve been sharing with many of you over the past few days: while I couldn’t say for certain if we were at the bottom, it felt very close—and today’s market performance seems to confirm that:


The biggest one-day gain in 17 years! While this is a promising start, we’re not out of the woods yet regarding tariffs. The strategy at play for Trump seems to involve going in with a sledgehammer and smashing things down and making his opponents come to him to put the pieces together. However, this approach can’t last indefinitely without causing broader issues, potentially impacting his Congressional support and then the mid-term elections in 18 months. It has to be shorter-lived, so we all forget this pain as he cuts taxes and interest rates drop in his next phase, hopefully.


This is why it’s crucial to stay calm and rational during turbulent times. Panicking and selling in the last few days would have meant missing today’s rally, leaving us in a much worse position.


For example, before the tariff reprieve announcement, I made a calculated move: shifting from the "safer" position QTLT (which actually wasn’t acting safe as expected) to AAPL, down nearly 29% year-to-date this morning. While others are running for cover, we are looking for opportunity. AAPL closed the day up 15%, from $25.988 to $28.94—a significant gain:


As we navigate ongoing volatility, I encourage you to focus on rationality and common sense. Constantly checking your portfolio won’t help—it’s like reopening a wound that needs time to heal. We will see more volatility and news flow as we navigate through this, but this period will pass. And while not every day will be as strong as today, that is the world of investing, and I will try to get us through this in better shape than before the chaos.


Remember, investing is about long-term goals, not short-term events. Stay focused on your plans, and let’s keep moving forward together.


Cheers,

Steve


This information has been prepared by Steve Switzer who is a Portfolio Manager for iA Private Wealth Inc. and does not necessarily reflect the opinion of iA Private Wealth. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Portfolio Manager can open accounts only in the provinces in which they are registered. iA Private Wealth Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. iA Private Wealth is a trademark and business name under which iA Private Wealth Inc. operates. This content was fully or partially generated by artificial intelligence. The advisor reviewed the critical information independently. 

 
 
 

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