Monthly Message

The Wutherich & Co. Composite was up 0.7% in July. This compares with the S&P 500 (US$) up 3.7%, the DJIA (US$) up 2.9%, the NASDAQ (US$) up 6.6%, the S&P/TSX up 3.9%, while the BMO Small Cap Index was up 3.8%.

The Golden Rule: He who owns gold stocks rules! This sector continues to drive Canadian indexes. The Wutherich & Co Composite has only modest exposure here with just under 10% in two gold producers. These are positions that we have held for years. We have recently talked to several traders that commented on how several money managers that they do business with started the year with no golds and now have large positions in the sector. It sounds like many managers are stampeding into the sector rather than making sound investment decisions based on long-term fundamentals. While we continue to look at individual names in the Golds, we have no intention of joining the herd. Rather, we own a diversified portfolio of strong small to mid-sized companies that we are happy to hold for many years and don’t feel compelled to own any one sector based on current market sentiment.

To view the complete Monthly Message and Factsheet click here

Monthly Message The Wutherich & Co. Composite was down 0.3% in June. This compares with the S&P 500 (US$) up 0.3%, the DJIA (US$) up 0.9%, the NASDAQ (US$) down 2.1%, the S&P/TSX up 0.3%, while the BMO Small Cap Index was up 3.9%. Gold stocks rule! At least for now. Several Canadian small cap […]

Monthly Message The Wutherich & Co. Composite was up 2.6% in May. This compares with the S&P 500 (US$) up 1.8%, the DJIA (US$) up 0.5%, the NASDAQ (US$) up 3.6%, the S&P/TSX up 1.0%, while the BMO Small Cap Index was up 0.3%. Resource stocks took a breather in May. Whither? Who knows. The […]

Monthly Message The Wutherich & Co. Composite was up 3.6% in April. This compares with the S&P 500 (US$) up 0.4%, the DJIA (US$) up 0.6%, the NASDAQ (US$) down 1.9%, the S&P/TSX up 3.7%, while the BMO Small Cap Index was up 10.1%. Resources again! Energy and Materials stocks are driving the Canadian market, […]

Monthly Message The Wutherich & Co. Composite was up 2.5% in March. This compares with the S&P 500 up 6.8%, the DJIA up 7.2%, the NASDAQ up 6.8%, the S&P/TSX up 5.3%, while the BMO Small Cap Index was up 6.7%. Gains in the Canadian market were largely driven by mining stocks where we have comparatively […]

Monthly Message The Wutherich & Co. Composite was down 0.6% in February. This compares with the S&P 500, down 0.1%, the DJIA up 0.7%, the NASDAQ down 1.2%, the S&P/TSX up 0.5%, while the BMO Small Cap Index was up 5.0%. February was another relatively flat month for the Wutherich & Co. Composite. Another round […]

Monthly Message The Wutherich & Co. Composite was down 0.1% in January. This compares with the S&P 500, down 5.0%, the DJIA down 5.4%, the NASDAQ down 7.9%, the S&P/TSX down 1.2%, while the BMO Small Cap Index was down 4.0%. January ended flat for the Wutherich & Co. Portfolio. A round trip of sorts. […]

Monthly Message The Wutherich & Co. Composite was down 1.4% in December. This compares with the S&P 500, down 1.6%, the DJIA down 1.5%, the NASDAQ down 2.0%, the S&P/TSX down 3.1%, while the BMO Small Cap Index was down 2.7%. December marked the close of another difficult year for the Wutherich & Co. Portfolio. […]

Monthly Message The Wutherich & Co. Composite was down 0.8% in November. This compares with the S&P 500, up 0.3%, the DJIA up 0.7%, the NASDAQ up 1.1%, the S&P/TSX down 0.2%, while the BMO Small Cap Index was down 1.3%. Resource stocks continue to be under pressure in what was otherwise a neutral month. […]

Dear friends and clients,   We would like to thank all of you who attended our presentation last night. Good food, good wine and great discussion. You made it a wonderful success! In addition, Wil is in Toronto from November 17 to 20th. If you would like to meet with him, don’t hesitate to call […]