In Q2 risk appetite seems to have made a measured returned to the markets, despite additional signs of economic weakness in the advanced economies.
In this post-Brexit world we invest in, the environment has become increasingly uncertain. In addition to the obvious downsides I highlighted in the last commodity update, monetary policy is becoming a magnifier of investment risk.
Energy and mining were up sharply between April and June, contrasting with their dramatic collapses over the previous quarters.
Being diversified in Canada has allowed me to participate in the rally. With my best performing stock YTD coming from the Canadian mining sector. Teck Resources Ltd (Ticker: TCK-B.TO) was my best performer back in April when I wrote about it and it is still soaring high, gaining 335.5% YTD as of end of June.
More on this stock later.
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