We are now two weeks into 2015. It has not been a good time for the markets, as they have experienced a significant decline due to falling oil prices. We saw six straight days of sell-off last week. It has sent the model portfolio back to mid December levels.
Stantec has been the loser of the stocks in previous months but now Equitable Group has also lost ground. The portfolio is still up over 7% but it looks like this is the third time, the markets have bottomed on exactly the 15th of the month. Oct 15, Dec 15, now Jan 15. If this pattern continues, we should see a rebound in the markets towards the end of January.
The model portfolio is still out-performing the TSX. The TSX is down 1.4% from mid May of last year.
CGI, GIL and WFT seem to be the strongest stocks. LNR has retreated about 8% and it might be a good time to pick up this stock.
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