A MESSAGE FROM SIGHTLINE REGARDING COVID-19
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Paul de Sousa Discusses Volatility in the Stock Market with CBC News

The coronavirus has spooked stock market investors as they continue to worry about the worst-case scenario for the economy and corporate profits. They picture factories and supply chains closing worldwide due to quarantines and consumers staying at home instead of working and spending. As a result, many experts believe that the market will continue to be volatile until the number of new cases slows down.

CBC News recently spoke with Sightline Senior Vice President and Investment Advisor Paul de Sousa to figure out if this truly is the most likely case. According to de Sousa, stock markets are indeed in for a wild ride until the market develops a clear understanding of how detrimental the virus outbreak will be in North America.

“People have been lulled into a false sense of complacency,” he said, warning that volatility will take over the markets for a while. “There’s always a reversion to the mean in markets,” he explained to the publication, “and now we’ve swung the pendulum dramatically in the opposite direction.”

To read the entire CBC News article featuring Paul de Sousa, click here.

 

Sightline Wealth Management LP (“Sightline”) is an investment dealer and is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). Sightline provides management and investment advisory services to high-net-worth individuals and institutional investors primarily through fee-based accounts.  

Sightline Wealth Management LP is a wholly owned subsidiary of Ninepoint Financial Group Inc. (“NFG Inc.”). NFG Inc. is also the parent company of Ninepoint Partners LP, it is an investment fund manager and advisor and exempt market dealer. By virtue of the same parent company, Sightline is affiliated with Ninepoint Partners LP. Information and/or materials contained herein is for information purposes only and does not constitute an offer to sell or solicitation to purchase securities of any issuer or any portfolio managed by Sightline Wealth Management or Ninepoint Partners, including Ninepoint managed funds. 

Sightline Wealth Management (“Sightline”) makes every effort to ensure that the information has been derived from sources believed to be reliable and accurate. However, Sightline assumes no responsibility for any losses or damages, whether direct or indirect, which arise out of the use of this information. Sightline is not under any obligation to update or keep current the information contained herein. The information should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance is not indicative of future performance. Please speak to your Advisor regarding the suitability of information provided in this article for you. The opinions, estimates, projections and/or recommendations contained in this document are those of the author as of the date hereof. 

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