MARKET WATCH
The last few weeks have been fairly quiet on the market front. Looking back at the first quarter of 2019, virtually every equity and commodity class enjoyed positive returns----- with the exception of gold, which stayed flat. It was one of the best quarters we've seen in a long time.
Of course, we can't assume the first quarter's returns will be replicated in the second, third and fourth quarters. While a repeat would be nice, I'd be fine if the next three quarters produced as much profit, combined, or even a little less. Time will tell.
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IN THE REVIEW QUEUE
Atomic Habits
by James Clear:
Good habits almost always lead to successful outcomes. With that in mind, Atomic Habits contains the best advice I've seen for creating good habits (and stopping bad ones) to improve your life. If you're interested in finding out more about the book,
this video summary
and its
sequel
are good places to start.
Neverwhere
by Neil Gaiman:
I've listened to a number of Neil Gaiman books. (Have I mentioned how much I love his voice?) This time I thought I'd read one. Neverwhere is a fun story with twists, turns, and a touch of humanity. And, when I concentrated very hard, I could hear Gaiman's voice in my head. But, to truly get my fix, I recently listened to
an interview
where he spoke about his writing process, past works, and a few other things.
Different Kinds of Stupid
by Morgan Housel:
I recently shared Morgan Housel's article on the
different types of smart
. This blog post discusses
the
inversion of that principle. Instead of only trying to be smart, it's often more productive to do the opposite, which is to avoid being stupid.
The Long Run (and the Short Runs)
by Seth Goding:
"I hope we can all agree that the long run is made up of a bunch of short runs.... The surprising thing is that we live our short runs as if that isn't true."
Canadians Are Feeling the Debt Burn
by Bloomberg Businessweek:
Household debt as a percentage of GDP is higher in Canada than anywhere else in the G8----- more than 15 per cent higher than the U.K., which is the second highest. Many Canadians are feeling the weight of this debt burden. Should interest rates rise or the economy slow, the situation will only get worse!
Canso's March Newsletter
:
The latest Canso newsletter discusses the SNC-Lavalin scandal, the state of the bond market, the U.S. Fed, and, of course, President Trump. Another great read.
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THOUGHT-PROVOKING QUOTES
"The world seems to work in predictable ways, and you think you see the pattern. But that's fatal. Because it's only a pattern until you meet the first event that doesn't fit. And by then it's too late. By then, all the tricks you've learned to deal with the world -- well, they just don't work anymore."
"Every action you take is a vote for the type of person you wish to become. No single instance will transform your beliefs, but as the votes build up, so does the evidence of your new identity."
- James Clear
"You do not rise to the level of your goals. You fall to the level of your systems."
- James Clear
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PILLAR GOES WEST
- The Toronto
 Blue Jays are bidding farewell to outfielder Kevin Pillar, as he was traded to the San Francisco Giants this week. Known as Superman by fans, Pillar is popular for his high-flying antics and mind-blowing catches in the outfield. Here's a short video of his biggest catches.
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The views of the author do not necessarily reflect those of Raymond James. This article is for information only. Raymond James Ltd. Member-Canadian Investor Protection Fund.
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