Hilliard’s Weekend Notebook


Thoughts, views and opinions as current events unfold: With topics taken from current market events and my latest book — When the Bubble Bursts: Surviving the Canadian Real Estate Crash (Dundurn: March 2015)  and my first book Investment Traps and How to Avoid Them (1999) — this short piece will give you unique and valuable insights filtered by my thirty-six years’ experience as an investment professional.
 

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The U.S. stock market needs Magnificent Seven leadership

Published by Hilliard MacBeth on May 16, 2025

A group of seven leading companies — the Magnificent Seven known as Mag 7 — which has led the U.S. stock market for several years was lagging the market by a large margin in 2025, until the recently announced 90-day partial reprieve on tariffs on Chinese... Read more
Guest post - Warren Buffett announces his retirement

Published by Fraser Betkowski on May 09, 2025

On Saturday, May 3 at a meeting with Berkshire Hathaway shareholders, Warren Buffett shocked the investing world in announcing his retirement as Chief Executive Officer at the end of 2025. Buffett will stay on as Chairman of the board and his replacement... Read more
Mark Carney faces his biggest challenge

Published by Hilliard MacBeth on May 02, 2025

Prime Minister Mark Carney will meet President Donald Trump soon to try to convince him to amend or remove the punishing tariffs that he has imposed on Canada. Will Mark Carney succeed in building a mutually beneficial relationship between these two close... Read more
The next U.S. recession will hit the stock market hard

Published by Hilliard MacBeth on Apr 25, 2025

A recession in the U.S. is coming soon, if it has not started already. Uncertainty over the impact of higher tariffs is causing business leaders to hesitate, triggering an investment pause. Consumers are on hold with their spending plans. Government spending... Read more
The Mar-a-Lago Accord initiative is already in trouble

Published by Hilliard MacBeth on Apr 04, 2025

The announcement this week of substantial additional tariffs on imports into the U.S. surprised stock markets. Wall Street wizards were caught off-base because they were expecting a more gentle and nuanced approach. Could Trump’s tariff war produce good... Read more
Trump tariff war risks causing a recession

Published by Hilliard MacBeth on Mar 28, 2025

President Donald J. Trump surprised the world again Wednesday with new tariffs on automobiles and auto parts. This appears to be in addition to tariffs announced previously and shocked automakers like GM and Ford who make a significant number of vehicles... Read more
Chinese automaker BYD is taking over Tesla

Published by Hilliard MacBeth on Mar 21, 2025

Chinese automaker BYD is flooding the world outside of North America with new, inexpensive models both hybrid and all-electric. And the latest announcement from BYD of an all-electric vehicle that can add 400 kilometers of range in five minutes is sending... Read more
Interest rate cuts won't be enough to save the Canadian economy

Published by Hilliard MacBeth on Mar 14, 2025

Canadian central bankers cut their official rate by ¼ of a percent on Wednesday this week. But that won’t be enough to boost the economy in the face of higher tariffs and repeated threats from the U.S. President. How bad will the downturn get? Tiff Macklem... Read more