This weekend we hit the road for my son’s first hockey tournament. We packed up the car on Saturday morning, cranked the tunes, and headed west to Port-Aux-Basques.

 

At 8-years old, Eric is a bit of a know-it-all – just ask him. At this age only Google has more answers than him. As we counted down the last few kilometers, I asked Eric how big he thought Port-Aux-Basques was as he couldn’t remember being there as a baby. Because of the excitement for the tournament, he had built this place up to Toronto in his mind.

 

As we entered the “big city” the very first thing he saw is a Mary’s Brown with a drive-thru, attached to a gas station. He exclaimed “holy sh*t dad, look at that! This place has everything!” Mind blown!

 

I probably need to work on his language, but it was a good reminder that we don’t know what to expect all the time, and can often be taken by surprise. As it relates to geopolitical events and the stock market, we’re all in unchartered territory here. Sure, we have our opinions, but we have to be ready to act and react as circumstances dictate.

 

This was one of those weeks as it related to trading in the Tactical Growth strategy. The U.S. market notched it’s best gains since November 2020 this past week. My longer term narrative of defense hasn’t changed, but I was prepared to expect the unexpected and flipped to offence on Monday to also record the best trading week in the fund to date as well.