Monthly Message

The Wutherich & Co. Composite was flat at 0.0% in August. This compares with the S&P/TSX up 0.3%, the BMO Small Cap Index down 0.4%, S&P 500 (US$) up 0.1%, the DJIA (US$) up 0.3%, while the NASDAQ (US$) was up 1.0%. (Yes, we have changed the order of the indexes. We feel the Canadian indexes are more relevant to the Wutherich & Co. Composite and so we have listed them before the US benchmarks).

The market took a breather during August. Gold stocks were weak which served to limit gains of the Canadian indexes. September tends to be a difficult month for stocks. This year seems to offer a smorgasbord of things to worry about: Trump, China, economic growth, Brexit fallout… Best to tune this out and focus on what are good long-term growth names. To wit, we have added CRH Medical Corp, a Canadian domiciled healthcare name with its principal operations in the US. CRH offers products and services to gastroenterologists. They operate in two segments, namely, the O’Regan System for the treatment of hemorrhoids and anesthesia services. Demographics is driving strong organic growth in each of these areas. Management is augmenting this growth with acquisitions of additional anesthesia practices. Combined, we think we have strong long-term growth for years to come.

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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 […]

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. […]