Skip to Main Content
  • CIBC.com
  • CIBC Private Wealth
  • CIBC Websites
Client Login
  • Home
  • About us
    • Our Team
    • Partner Profiles
    • Wood Gundy
  • Wealth Management
  • Tactical Growth Strategy
  • Blog
  • CIBC Research
  • Contact us
  • CIBC.com
  • CIBC Private Wealth
  • CIBC Websites
  • Client Login
 CIBC Private Wealth, Wood Gundy  CIBC Private Wealth, Wood Gundy

Priddle & Sheppard Investment Group

  • Home
  • About us
    • Our Team
    • Partner Profiles
    • Wood Gundy
  • Wealth Management
  • Tactical Growth Strategy
  • Blog
  • CIBC Research
  • Contact us

Blog

Address 4 Herald Avenue Suite 505 Corner Brook NL, A2H 4B4
Telephone Number (709) 637-1799
Email Email us
Email Email
Telephone Number Tel

Scott Sheppard

January 24, 2022

Facebook
LinkedIn
Twitter

Tactical Growth Mandate - Weekly Briefing

There’s an old Wall Street adage that says the stock market takes the stairs up and the elevator down. That resonated this past week as the S&P500 had it’s worst week since the start of the pandemic. Most of the selling seems to be hitting the growth-type stocks the hardest as the NASDAQ is now down nearly 12% since the beginning of 2022.

 

I guess we could point the finger at a multiple causes to create a narrative as to why stocks are falling; Omicron, Russia/Ukraine, Supply-Chain disruptions, etc.. For me, however, I believe that it all began when the U.S. Federal Reserve stated that they would be lessening their easy monetary policy conditions. Since then, stock markets just haven’t been able to rally.

 

As a prudent speculator in the market, I think one has to be asking have meme-stocks (GameStop, AMC, etc.), high growth stocks, and the stock markets overall been advancing because of good fundamentals or was it because the Central Banks made too many dollars available chasing too few assets? We’ll hear on Wednesday from the US Federal Reserve Chairman. It will be interesting to see how markets react to his comments.

 

The U.S. is truly experiencing a terrible start to the year. If one pays any attention to the January market barometer which states “as January goes, so goes the rest of year”, 2022 could prove to a hard reminder that being an investor is a difficult job.

Related posts

Scott Sheppard

April 30, 2024

Tactical Growth Mandate - Monthly Update

Read more

Scott Sheppard

March 28, 2024

Tactical Growth Mandate - Monthly Update

Read more
<p>CIBC Private Wealth consists of services provided by CIBC and certain of its subsidiaries: CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (&ldquo;CAM&rdquo;); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (&ldquo;WMI&rdquo;). CIBC Private Banking provides solutions from CIBC Investor Services Inc.(&ldquo;ISI&rdquo;), CAM and credit products. CIBC World Markets Inc. and ISI are both Members of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. CIBC Private Wealth services are available to qualified individuals. The CIBC logo and &ldquo;CIBC Private Wealth&rdquo; are trademarks of CIBC, used under license.</p> <p>&nbsp;</p> <p>Scott Sheppard is an Investment Advisor with CIBC Wood Gundy in Corner Brook, NL. He and his clients may own securities mentioned in this column. The views of Scott Sheppard do not necessarily reflect those of CIBC World Markets Inc</p> <p>There are ongoing fees and expenses associated with owning shares of an Exchange-Traded Fund (ETF). An ETF must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the attached hyperlinks associated with the tickers; The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends or distributions and does not take into account income taxes payable by any securityholder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell shares of the Exchange Traded Fund (ETF) on the TSX, NYSE, NASDAQ or other market on which the securities of the ETF are listed or quoted. If the shares are purchased or sold on TSX, NYSE, NASDAQ or other, investors may pay more than the current net asset value when buying shares of the ETF and may receive less than the current net asset value when selling them.</p> <p>&nbsp;</p> <p>The index benchmarks referenced are not guaranteed, their values change frequently and past performance may not be repeated.</p> <p>&nbsp;</p> <p>This report is not an official record. The information contained in this report is to assist you in managing your investment portfolio recordkeeping and cannot be guaranteed as accurate for income tax purposes. In the event of a discrepancy between this report and your client statement or tax slips, the client statement or tax slip should be considered the official record of your account(s). Please consult your tax advisor for further information. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. Some positions may be held at other institutions not covered by the Canadian Investor Protection Fund (CIPF). Refer to your official statements to determine which positions are eligible for CIPF protection or held in segregation. Calculations/projections are based on a number of assumptions; actual results may differ. Yields/rates are as of the date of this report unless otherwise noted. Benchmark totals on performance reports do not include dividend values unless the benchmark is a Total Return Index, denoted with a reference to &#39;TR&#39; or &#39;Total Return&#39;. CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC.</p> <p>&nbsp;</p> <p>Clients are advised to seek advice regarding their particular circumstances from their personal tax and legal advisors.</p> <p>&nbsp;</p> <p>CIBC Private Wealth Management consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc.<br /> <br /> This information, including any opinion, is based on various sources believed to be reliable, but its accuracy cannot be guaranteed and is subject to change. CIBC and CIBC World Markets Inc., their affiliates, directors, officers and employees may buy, sell, or hold a position in securities of a company mentioned herein, its affiliates or subsidiaries, and may also perform financial advisory services, investment banking or other services for, or have lending or other credit relationships with the same. CIBC World Markets Inc. and its representatives will receive sales commissions and/or a spread between bid and ask prices if you purchase, sell or hold the securities referred to above. &copy; CIBC World Markets Inc. 2022.</p> <p>&nbsp;</p> <p>If you are currently a CIBC Wood Gundy client, please contact your Investment Advisor.</p>
 

CIBC Private Wealth consists of services provided by CIBC and certain of its subsidiaries: CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc.(“ISI”), CAM and credit products. CIBC World Markets Inc. and ISI are both Members of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.

 

Scott Sheppard is an Investment Advisor with CIBC Wood Gundy in Corner Brook, NL. He and his clients may own securities mentioned in this column. The views of Scott Sheppard do not necessarily reflect those of CIBC World Markets Inc

There are ongoing fees and expenses associated with owning shares of an Exchange-Traded Fund (ETF). An ETF must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the attached hyperlinks associated with the tickers; The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends or distributions and does not take into account income taxes payable by any securityholder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell shares of the Exchange Traded Fund (ETF) on the TSX, NYSE, NASDAQ or other market on which the securities of the ETF are listed or quoted. If the shares are purchased or sold on TSX, NYSE, NASDAQ or other, investors may pay more than the current net asset value when buying shares of the ETF and may receive less than the current net asset value when selling them.

 

The index benchmarks referenced are not guaranteed, their values change frequently and past performance may not be repeated.

 

This report is not an official record. The information contained in this report is to assist you in managing your investment portfolio recordkeeping and cannot be guaranteed as accurate for income tax purposes. In the event of a discrepancy between this report and your client statement or tax slips, the client statement or tax slip should be considered the official record of your account(s). Please consult your tax advisor for further information. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. Some positions may be held at other institutions not covered by the Canadian Investor Protection Fund (CIPF). Refer to your official statements to determine which positions are eligible for CIPF protection or held in segregation. Calculations/projections are based on a number of assumptions; actual results may differ. Yields/rates are as of the date of this report unless otherwise noted. Benchmark totals on performance reports do not include dividend values unless the benchmark is a Total Return Index, denoted with a reference to 'TR' or 'Total Return'. CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC.

 

Clients are advised to seek advice regarding their particular circumstances from their personal tax and legal advisors.

 

CIBC Private Wealth Management consists of services provided by CIBC and certain of its subsidiaries, including CIBC Wood Gundy, a division of CIBC World Markets Inc.

This information, including any opinion, is based on various sources believed to be reliable, but its accuracy cannot be guaranteed and is subject to change. CIBC and CIBC World Markets Inc., their affiliates, directors, officers and employees may buy, sell, or hold a position in securities of a company mentioned herein, its affiliates or subsidiaries, and may also perform financial advisory services, investment banking or other services for, or have lending or other credit relationships with the same. CIBC World Markets Inc. and its representatives will receive sales commissions and/or a spread between bid and ask prices if you purchase, sell or hold the securities referred to above. © CIBC World Markets Inc. 2022.

 

If you are currently a CIBC Wood Gundy client, please contact your Investment Advisor.

 
  • Rates
  • FAQ
  • Agreements
  • Trademarks & Disclaimers
  • Privacy & Security
  • CIRO AdvisorReport
  • Accessibility at CIBC
  • Manage Cookie Preferences
  • Cookie Policy
 Canadian Investment Regulatory Organization  Canadian Investor Protection Fund

CIBC Private Wealth” consists of services provided by CIBC and certain of its subsidiaries through CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc. (“ISI”), CAM and credit products. CIBC Private Wealth services are available to qualified individuals. Insurance services are only available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are only available through CIBC Wood Gundy Financial Services (Quebec) Inc.


CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.