Part 6 Markets and Moves

Hi All,

We've had a very successful launch in helping many of you complete your Wills with Clear Estate.

The best part? The process can be completed quickly from home, starting with a free consultation. Since we first offered this service in December, many families have taken advantage of it, whether for basic estate planning or complex strategies tailored to unique situations.

I’ve also come across quite a few poorly structured Wills, and I strongly believe their professional services will ensure yours is done right.

A few other items:

1- I have never fully explained how we manage your accounts on a daily basis, so I want to provide more clarity. While we execute large "bulk" trades when we identify opportunities for everyone, there's also daily rebalancing that happens behind the scenes. If you notice small changes or trades in your accounts, it likely means I was in your account to rebalance holdings.

2- For now, it looks like we’ve achieved the V-shaped recovery I discussed last week. As earnings season wraps up, expect some volatility as news headlines take center stage over company-specific forecasts. I do think if a few more trade agreements (particularly with India and Europe) are announced, we could see more potential market excitement. However, patience will be key, as we can see navigating these negotiations remains a challenge.

3- Aren’t we all relieved that we didn’t panic and sell off assets in April? Consider this from CNBC (The S&P 500 is up 18% in 25 trading days - what typically happens next):

The S&P 500 has soared more than 18% since hitting a closing low on April 8. That marks only the fifth time since 1970 that the broad market index has surged that much over just 25 trading days.

The latest move higher comes as global trade tensions ease, with the U.S. temporarily pausing or cutting steep tariffs on imported goods. This week, China and the U.S. agreed to lower levies for 90 days as both counties work to hammer out a broader trade agreement.

The S&P 500 on average has risen about 30% in the 25 trading days that followed such a strong 25-trading-day-run. That includes two instances when the benchmark popped more than 40%/

If history is any guide, stocks should now see sizable gains over the coming year.

While past performance doesn’t guarantee future results, that data certainly leaves me feeling more optimistic. As always, we will act strategically based on news and events, using patience and facts as our drivers.

Enjoy the long weekend! The weather doesn’t look ideal, but I hope you can make the best of whatever plans you have.

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.

Estate Planning services offered through Clear Estate. Only products offered through iA Private Wealth are covered by Canadian Investor Protection Fund.