There’s one sure thing you can say about 2017 – it will be volatile.
Many interest-sensitive stocks look vulnerable.
It was a miserable year for the TSX. Canada’s benchmark index was down 11.1% for 2015. But there were a few bright spots amongst the rubble.
The European stock markets have been on a roll for the last few months.
Anyone hoping for a return to higher interest rates in the near future is going to be disappointed. That day has been postponed again, perhaps until 2016.
When stock markets are strong, your asset mix can quickly get out of line.
One simple principle can make you a lot of money over the years.
There will be ups and downs along the way, but I think the rebound in the energy sector is going to continue. If you agree, the issue then becomes choosing the best securities for your portfolio.