Legacy Wealth Weekly - May 29th, 2015 (Greek Risks, US Markets & Energy Weekly)

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North American Portfolio Strategist Martin Roberge notes that Greek scares are flaring up again. Widening Greek bond yield spreads to German Bunds have coincided with equity market turbulence over the past year. Martin believes that the current Greek risks are smaller than through the last two Greek scares. If markets are to correct harder, he believes US$ strength will be the culprit.


In terms of portfolios, Martin reiterates his call to overweight US home builders and scale back on railroads.

Martin's Weekly Market Wrap-Up focuses on range-bound North American markets. While investors' buy-on-the-dip mentality is firmly entrenched; fears over a possible 'Grexit' are capping market upside. Martin's Chart of the Week shows that a surging US $ acts like significant monetary tightening.


US Portfolio Strategist Tony Dwyer continues his tactical call to remain on the sidelines until broad (US) indices either break out with conviction or become oversold enough to be more aggressive.


Lastly, we have included a link to our energy research team's weekly commentary. Page three's Chart of the Week notes that a US production decline is expected to drive a rebound in oil prices.


The Canaccord Genuity research included in the Legacy Wealth Weekly is solely for Canadian residents. To subscribe to our weekly newsletter, click here