Murray Leith on Stock Markets
Is there a Trump Bump?
This week’s Conversation That Matters features Murray Leith the Head of Research at Odlum Brown on investing during what appears to be a Trump Bump. Leith says, “everybody's calling it the Trump rally but I actually would argue that there's fundamental, economic reasons for the strong performance in the stock market.”
Despite the markets around the world being up by more than 10% over the past two months Leith points out the reasons stem from the strength of the US economy, “there's this feeling that because the market didn't do a whole bunch until after the election, that it's all about Trump and that maybe investors are too euphoric. But really, a 10% return in a year when the economy went from bad to quite a bit better, that's just pretty reasonable.” Leith says enjoy it for now but don’t make your investment choices on swings in the market, he says, “wise investing means having a long term strategy”.
Conversations That Matter is a partner program with the Centre for Dialogue at Simon Fraser University. Join veteran Broadcaster Stuart McNish each week for these important and engaging Conversations shaping our future.
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