“A New Bull Market” – So far, So good

By: Tony Genua, Jonathan Lo • July 16, 2021

A More Robust Economic Outlook

In our recently published notes, we discussed the onset of a new bull market and the prospect for a long runway for upside despite the significant market appreciation off the March 2020 bottoms so far. We thought it would be useful to update our readers on what has transpired over the past three months where we have seen a shift in expectations for the economy and for corporate earnings.

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The commentaries contained herein are provided as a general source of information based on information available as of July 12, 2021 and should not be considered as investment advice or an offer or solicitations to buy and/or sell securities. Every effort has been made to ensure accuracy in these commentaries at the time of publication however, accuracy cannot be guaranteed. Market conditions may change and the Portfolio Manager accepts no responsibility for individual investment decisions arising from the use or reliance on the information contained herein. Investors are expected to obtain professional investment advice.

AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA)and AGF International Advisors Company Limited (AGFIA).

AGFA is a registered advisor in the U.S. AGFI is registered as a portfolio manager across Canadian securities commissions. AGFIA is regulated by the Central Bank of Ireland and registered with the Australian Securities & Investments Commission. The subsidiaries that form AGF Investments manage a variety of mandates comprised of equity, fixed income and balanced assets.

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