Some Improving Signs
Summary Market recap - A good month Market cycle - Steady; Plus, defining the red line Some encouraging signs on the horizon Portfolio positioning Q3 2019 hedge fund letters, conferences... Read More
Aramco: Energy Intervention
Saudi oil company Aramco may be getting all the headlines but, for the third consecutive week, oil prices measured by the West Texas Intermediate (WTI) benchmark price managed to... Read More
Energy Evolution: Change is coming, but it will take time
It is undeniable that as a species we have successfully adapted for thousands of years and we will continue to do so as new challenges arise. Greenhouse gasses and... Read More
Stay The Course Or Be Tactical
One of the more popular charts that the ‘financial marketing machine’ often uses to convince investors to remain invested and not make rash decisions during periods of market volatility... Read More
Correction Time
Note: while most of this was written on Friday before the Monday plunge, we have made a few adjustments including the removal of the question mark from the title. Q2... Read More
Did Alternatives Get An F In 2018?
Alternatives are sexy. This wide-ranging asset class, which includes hedge funds, structured products, private equity or anything that is materially different to traditional equities or bonds, has an air... Read More
Performance Chasing
“Past performance is no guarantee of future results,” or a similar iteration, is likely the most common phrase found among investment disclaimers. To say this phrase falls on deaf... Read More
More Than A Whisper
The past few weeks have seen the whisper of a near-term recession grow into something arguably much louder than a whisper. The U.S. 10-year bond yield has been declining... Read More
Sometimes It Pays To Be Good: The Next Wave Of ESG Investing
Investors unfamiliar with Environmental, Social and Governance (ESG) investing principles might express skepticism or perhaps worry about how such an approach might affect the performance of their investments. Many... Read More
Equities Vs. Bonds: Who Is Right?
Since the start of 2019, the S&P 500 is up by an impressive 13.9%, including dividends. At the same time, bonds – as measured by a total bond market... Read More
Margin Watch
Equity markets can be fickle. The fourth quarter of 2018 saw a double-digit correction driven by concerns over how quickly global economic growth was slowing. While partially justified, it... Read More
Active Vs. passive
The active vs. passive debate has been raging for years now and there’s no denying the data of recent years certainly favours passive. Based off the annual SPIVA report... Read More
All That Glitters
Unlike some attractive investments, gold tends to shine the brightest during times of market turmoil. Our macro view places us in the late stage of the market cycle and... Read More
Two Canaries
It’s pretty amazing to see the TSX Composite now at just 4% below its all time high. A far cry from the oversold level of December 24 when the... Read More
Value Of Advice
Now that the markets have bounced back and investor nerves are calmed, we can finally write about something less market / economic centric. Given the big market drop in... Read More
Predictably Unpredictable
Earnings With just over 100 companies reported so far in the U.S. and the bulk of the Canadian earnings season just around the corner, we thought it fitting to have... Read More
How Cheap It Is
Just a heads up: we will soon be publishing our Market Outlook for 2019 and beyond, entitled “Punch bowl hangover”. In the report, we provide a recap of 2018,... Read More
Whatever You Do, Don’t Look Now!
What a week for the markets. As fears that the world’s two largest economies would continue to escalate their trade war subsided, we began our week thinking the worst... Read More
There Is Value Out There
On January 1 of this year, the S&P 500 had just completed 2017 which enjoyed record operating earnings of $124.50. With just one quarter to go, if current estimates... Read More
Asset Allocation – Just Ain’t As Good As It Used To Be (Part 1)
For decades, the foundational bedrock of portfolio management has been asset allocation, essentially how your investments are diversified across different asset classes. Undoubtedly, the asset mix will remain the... Read More
Halloween Corrections Are A Little Scary, Debt Is Scarier
For most grown-ups, Halloween isn’t all that scary but stock market corrections are, and we are in one now. The TSX Composite, S&P 500, NASDAQ and the Russell 2000... Read More
