LOTS OF CASH ON THE SIDELINES ! $$$$$$$My Guess is NOV and DEC will run higher. The Last 2 years, TAX selling was heavy for the venture but this year will be different. Markets are looking better and better, running on all clyinders.
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John Stephenson, Senior V.P. & Portfolio Manager, First Asset Investment Management
FOCUS: North American Large Caps and Resource Stocks
Market Outlook:
Markets have had an incredible run of late with many of the most optimistic cheerleaders, equity strategists who are sounding the alarm that the run maybe coming to an end. Don’t believe it. The equity bull market is in its early stages with the S&P 500 likely to top 1950 by 12/14 and the TSX surging to 15,000 over the same period. Driving the rally will be improving earnings driven by strong capex spend by corporate and the gradual rotation of some $6 trillion of North American retail assets in fixed income that will be reallocated to equities.